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Financial statement fraud

  • Accountant
  • CPA (CA)
  • CRMA
  • CFE
  • CGFM
  • CIA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • MAFF
  • CTP
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

According to a study conducted by the Association of Certified Fraud Examiners (ACFE), fraudulent financial statement accounts for approximately 10% of incidents concerning white-collar crime. Asset misappropriation and corruption tend to occur at a much greater frequency, yet the financial impact of these latter crimes is much less severe.

ACFE defines fraud as "deception or misrepresentation that an individual or entity makes knowing that the misrepresentation could result in some unauthorized benefit to the individual or the entity or some other party." Greed and work pressure are the most common factors pushing management to deceive investors and creditors.

The most costly of all the frauds, financial statement fraud has a mean average of 800 000 per case that is found. Financial statement fraud is, according to the ACFE, the largest single-event fraud perpetrated by Fraudsters.

Join Dave Oswald in this Auditing CPE webinar as he reviews some recent financial statement frauds, many of which rocked the world's financial markets. 

Key topics covered in this course:

  • The Fraud tree

  • Reason for committing financial statement fraud

  • Red flags that the sale has not taken place

  • Accounts receivable

  • How to find the fraud

Learning Objectives

  • To analyze how to find fraud.
  • To explain the fraud tree.
  • To identify red flags for financial statement fraud.
  • To inspect occupational fraud.
  • To analyze reasons for committing financial statement fraud.
  • To identify methods for committing financial statement fraud.
  • To identify the top concealment method used by fraudsters.
  • To discuss recent financial statement frauds.

Recommended For

  • This CPE course is recommended for CPA, CIA, IAP, QIAL, CFE, CFF, CVA, CBA/MCBA, CGFM, MAFF, CTP, CRMA, CFIRS, CWS, internal auditors, CIAs, external auditors, managers, CFOs and other auditing professionals who want to understand everything about Financial Statement Frauds.
  • This course is also helpful for Canadian CPAs, CA - ICAEW, ACCA, CA - Ireland, CA - Scotland, CPA – Ireland, and other professionals who want to identify red flags for financial statement fraud.

Who Should Attend?

  • Auditors
  • CEO
  • Certified Fraud Examiner
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Fraud & Forensic Auditor
  • Fraud Examiner
  • Fraud Investigator
  • Fraud Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)
  • 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 Financial Statement Fraud Schemes for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Financially-related fraud for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 1 CPD Credit for CA - ICAEW
  • 1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 1 CRE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
  • Advance Preparation :


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 through its website:


About Presenter

Dave Oswald, CPA, CA, CFE, CFI,

Owner, Forensic Restitution

Dave Oswald CPA, CA, CFE, CFI, the owner of Forensic Restitution, is a Chartered Accountant with a passion for exposing fraud or error.

His global, multi-national experience spans more than two decades, during which he successfully led investigations into high-level C-Suite executive cases. Dave has extensive experience in data preservation and review, computer forensics, data analytics, and fraud investigations. Dave has testified as an expert witness in Federal Court in the United States of America, interviewed numerous suspects and witnesses, and provided testimony in internal disciplinary proceedings. Dave is a current member of the Association of Certified Forensic Investigators' board of directors.

About Company

Forensic Restitution

Forensic Restitution is an independent white collar crime investigating company. With our vast financial knowledge we are able to review books of accounts to identify the footprints of fraud. Our state of the art computer forensic laboratory allows for the imaging of computers and the extraction of data for use in disciplinary hearings or criminal proceedures

Recent successes include the identification of an error in a production system, resulting in a proven $5million saving per year. We have also been responsible for successful prosecutions of white collar crime perpetrators.

Our claims formulation proceedure resulted in the successful recovery of $1 million for a client that had been defrauded in a salami skimming operation.

Fraud Hurts - We Make it Better


FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review


331 Ratings



Very Good









Brittany Withey, CPA (US)

Jun 24th, 2022

Great high level overview of financial statement fraud and different ways it can be committed. I enjoyed the real life examples and the presenters use of personal experiences.


Ife Lawrence, CPA (CA)

Jun 20th, 2022

The training was impactful and shed more light on how financial statement fraud can ne perpetuated at the work place.


Jaime Zarate, CRMA, CIA

May 2nd, 2022

I was expecting the usual seminar, but I found a very good one instead, with great examples and real case scenarios.


Stephen Mannell, CPA (CA), CPA-ON

Jun 20th, 2022

For a free webinar, I found a lot of value in the sheer breadth of discussion from this facilitator.


Alexandria Kanellos, Others

May 2nd, 2022

Great presentation, it was extremely insightful!

Financial statement fraud


1 Credit

Subject Area