This module aims to remind auditors of their important responsibilities relating to fraud. Beginning with an interactive activity to demonstrate how easy it can be for professionals to make an unethical choice, this module uses the Report to the Nations (published by the Association of Certified Fraud Examiners) to define fraud and to demonstrate recent fraud-related trends. Participants will discuss both the types of fraud relevant to financial statement audits and the procedures auditors must complete related to the risk of material misstatement due to fraud, including inquiries and journal entry testing.