Intermediate

Fraud brainstorming guide with tailored fraud risks and responses

Creates a fraud brainstorming agenda and documents likely fraud schemes and responses tailored to the client’s facts. Useful for audit teams meeting documentation requirements efficiently.

Facilitate and document a fraud brainstorming session for {client_name}.

Inputs:
- Business model and revenue streams: {business_model}
- Incentives/pressures: {incentives_pressures}
- Opportunities (weak controls, complex estimates): {opportunities}
- Attitudes/rationalization indicators: {attitudes_indicators}
- Prior fraud/control issues: {prior_issues}

Deliver:
1) Agenda and participant roles.
2) Tailored fraud risks (revenue, management override, misappropriation) with rationale.
3) Planned audit responses for each risk (controls and substantive).
4) Documentation summary suitable for workpapers.
5) Red-flag checklist for fieldwork.

Keep it professional and specific.

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