Course Level :Basic
Instructional Method :Group Internet Based
Advance Preparation :None
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:
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: www.NASBARegistry.org.
Owner, 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
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.
Jun 20th, 2022
The training was impactful and shed more light on how financial statement fraud can ne perpetuated at the work place.
May 2nd, 2022
I was expecting the usual seminar, but I found a very good one instead, with great examples and real case scenarios.
Jun 20th, 2022
For a free webinar, I found a lot of value in the sheer breadth of discussion from this facilitator.
May 2nd, 2022
Great presentation, it was extremely insightful!