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Fraud Detection in Financial Statements 1 Credit

Fraud Detection in Financial Statements 1 Credit

  • Rating

    4.2
  • Reviewed on

    February, 2024
  • Subject Area

    Auditing

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Oct 31, 10:00 AM ET

Learning Objective

  • To recognize the motivations to commit fraud
  • To identify the symptoms of deceptive accounting practices
  • To recognize common techniques used to manipulate earnings
  • To identify strategies for reducing financial statement fraud
  • To list down the categories of fraudulent financial reporting
  • To discuss the responsibilities of different parties regarding financial statement fraud

Course Overview

A series of corporate scandals where employees, investors, and other stakeholders suffered tremendous losses have made the world aware of the severity of financial statement fraud. Their motives were either to manipulate share prices for their gain or to gain incentives by showing good performance and hiding bad news.

In current times, due to pressure from owners, lack of internal controls, and integrity, financial frauds are common and it is a global scourge that harms the reputations of all industries and costs trillions of dollars in worldwide damages each year. Fraud is a persistent fact of business life. The risks of fraud are only increasing fueled by changes in corporate culture, competitive markets, and periods of economic difficulty. Effective fraud prevention and detection begins with awareness.

Major topics highlighted in the Auditing CPE webinar:

  • What exactly is financial statement fraud?
  • Why financial statement frauds are conducted?
  • Who commits Financial Statement Fraud?
  • How they are committed - Some general categories?
  • How to detect if there is any fraud in financial statements using analytical methods?

The goal of this CPE course is to enhance professionals' abilities to recognize fraudulent activities and develop strategies to deter misconduct.

Disclaimer:

  • The goal of this CPE course is not to teach you how to carry out financial statements.
  • Analytical methods only show symptoms of fraud, there is no guarantee to detect all. Users and auditors need to dig deeper into financial statement details to uncover any financial statement fraud.

  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Auditing for CPA in Canada
  • 1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA)
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS)
  • 1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CPD Credit for CPA - Ireland
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)

  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Auditing for CPA in Canada
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Financially-related fraud for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA)
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS)
  • 1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Manish Gupta
Manish Gupta

Founder & CEO, VITTPRO

  • 4.3
  • rating
  • rating
  • rating
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Energetic, ambitious and Result-oriented professional, offering +15 years of extensive experience in Management, operations, Finance, Audit, Risk management, marketing and Customer experience.

Manish has hands-on experience in Monthly Reporting and Pnl Analysis, Budgeting and strategic planning.

Passionate for learning and development, thinking in innovative and non-traditional ways, Manish is your business partner for growth.

Manish is experienced with leading projects for change. He has led ERP implementation for 16 hotels in Htoo Group.

Manish is focused, display positive attitude and Topline growth approach towards business problems. He believes in efficiencies and lean management.

He is also on his Entrepreneurial journey and founded https://ehotelmanagementschool.com for sharing knowledge and experience via online classes and sessions. Startup also help small hotels and other startups with finance and management consulting.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.2

Excellent

Very Good

Average

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Terrible

LD

Lisa Douglass, CPA/CFF

This was a very good basic overview of financial statement fraud.

RK

Ruth Krupa, CFE

Great and intelligent speaker. Dense with info to learn.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

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  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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