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myCPE

Fraud Detection in Financial Statements 1 Credit

Oct 31, 2023, 10:00 AM ET

Fraud Detection in Financial Statements 1 Credit

  • Rating

    4.3
  • Reviewed on

    February, 2024
  • Subject Area

    Auditing

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Oct 31, 2023, 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.

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

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

Additional Information

Credit

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
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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.

Reviews and Ratings

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LD

Lisa Douglass, CPA/ABV
5

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

RK

Ruth Krupa, CRTP
5

Great and intelligent speaker. Dense with info to learn.

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