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Fraud Detection in Financial Statements

Access Self Study

Learning Objectives

  • 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 Description

A series of corporate scandals where employees, investors, and other stakeholders suffered tremendous losses has 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, and a 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 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. 

This Auditing CPE webinar will answer the following questions:

  • 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 do detect if there is any fraud in financial statements using analytical methods?

The goal of this CPE Fraud 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 a financial statement.
  • 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.

Live Webinar Qualifies For

  • 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 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Financially-related fraud for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 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 Qualification in Internal Audit Leadership (QIAL)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 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)

Self-Study Webinar Qualifies For

  • 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 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 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 CPD Credit for Chartered Accountants - Scotland
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 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)

About Instructor

Manish Gupta,

Founder & CEO, VITTPRO

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.

Additional Information

Course Level

Basic

Credits

1

Instructional Method

  • Group Internet Based
  • QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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.

Ratings and Review

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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.

DJ

Donna Jackson, CPA (US)

Informative and useful as always, thank you!

LG

Leilani Garcia, CIA

Great reminder how to detect fraud

TC

Theresa Colaizzo, CPA (US)

Very informative

1 Credit

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Subject Area

Auditing

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