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FORENSIC ACCOUNTING INCLUDING PREVENTING AND DETECTING FRAUD IN THE POST-COVID-19 PANDEMIC

4.4 (7)

Zabihollah Rezaee

The University of Memphis

Wednesday, January 13, 2021 | 10:30 AM EDT

  • CPA (Canada)
  • CRMA
  • CFF
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CFE

1 Credit

$10

Subject Area

Accounting

Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Internal Auditors (CIA)

1 CPD credit (Verifiable) for Canadian CPAs

1 CPE credit of Forensic Accounting for CVAs (NACVA)

1 CPD credit (Verifiable) for CPA/CFF

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Additional Dates

Aug 12, 2021 | 11:00 AM EDT Register

Course Description

Companies of all sizes are susceptible to employee fraud including embezzlements, thefts, and misappropriations of assets as well as Financial Reporting Fraud (FRF), or “cooking the books”, in order to show a rosy picture of the company so that it appears more attractive to investors than it really is. The 2019 Association of Certified Fraud Examiners (ACFE) Report to the Nations reveals that the “typical organization loses 5% of revenues in a given year as a result of fraud, which exceeded $6.3 billion, with an average loss per case of $2.7 million”.

This can occur in situations where there are :

  • Unexplained accounting anomalies
  • Unusually rapid revenue or profit growth
  • Weak internal controls
  • Aggressive financial actions by senior management, among other things. 

The existence and persistence of FRF has undermined the integrity and reliability of public financial information, eroded investor confidence, and has had detrimental effects on the safety, soundness, and efficiency of financial markets worldwide. The very viability of the business, as well as the safety of financial markets in general, are threatened when the existence and persistence of FRF go undetected. Financial reporting fraud can be detected with effective corporate governance, which includes effective anti-fraud policies and programs by the board of directors, management, and auditors. The various ways of detecting financial fraud include:

Effective anti-fraud programs, —focusing on fraud awareness and education in the workplace environment

Whistle-blowing policies and procedures of encouraging employees to report suspicious behavior without fear of reprisals

Adequate internal control procedures designed to prevent and detect fraud

Conducting surprise audits—are all examples of actions that the board of directors, management, and other corporate gatekeepers can take to significantly reduce FRF. 

Please join Zabihollah (Zabi) Rezaee, noted educator, author, and speaker as he discusses how anti-fraud policies, programs, and procedures should be designed to deter, prevent, and detect financial reporting fraud. Dr. Rezaee will offer insights concerning the role of forensic accounting, ethics, and corporate governance in forensic accounting education and practice, including a discussion of corporate culture, control structure, and fraud procedures designed to detect financial reporting fraud before irreparable damage has been done.


Learning Objectives

  • To examine Forensic Accounting
  • To discuss the significance of financial reporting fraud
  • To understand the causes and consequences of financial reporting fraud
  • To understand the antifraud roles and practices of corporate gatekeepers including the board of directors, management, regulators, internal auditors, and external auditors
  • To review the role of corporate culture, control structure, and antifraud procedures in preventing and detecting financial reporting fraud
  • To identify the importance of forensic-related audit procedures and forensic accounting education/training
  • To identify the significance of corporate governance and ethics education/training
  • To identify the role of corporate culture, control structure, and antifraud procedures in preventing financial scandals

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

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    [average] => 4.4286
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4.4

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