Description

This course provides practical tips on how to identify financial statement fraud schemes and how to mount a defense by improving your internal controls. This course trains you, the CPA, to refocus analytical and substantive tests on the financial and non-financial information already at hand to expose financial statement fraud. Learn to identify the red flags of fraud in financial information and analyze a variety of fraud schemes.

Highlights

• A framework for detecting financial statement fraud
• Fraud schemes: revenue, inventory, liabilities and assets
• Disclosure omissions
• The problem of financial statement fraud
• Fraud prevention
• The profession's focus on financial statement fraud
• Recent fraud cases

Objectives

Upon completion of this course, participants will be able to:
• Identify red flags of fraud in financial information
• Understand the nature of financial statement fraud
• Develop policies and procedures to prevent financial statement fraud