2022 Fraud Review for Accounting and Auditing Professionals

Learning Objectives

• To identify the red flags for fraud.
• To analyze the indicators of financial statement fraud.
• To explain “real-life” examples of financial statement fraud.
• To review fraud schemes that affect businesses.
• To analyze frauds that were prevalent in the last year. 

Course Description

Fraud involves deceit with the intent to illegally or unethically benefit at the cost of another. In financial transactions, fraud can take many forms. For instance, making false insurance claims, cooking the books, pump & dump schemes, and identity theft leading to unauthorized purchases, etc. Fraud costs every economy an innumerable amount of money and confidence each year. Therefore, those who are caught are subject to fines and jail time.

Businesses suffer huge expenses from fraud, with almost 25% of the 2,410 cases examined by the Association of Certified Fraud Examiners in 2016 exceeding $1 million. These large costs motivate businesses to hire CPAs to catch those responsible and bring an end to fraudulent activities.

One of the main reasons CPAs and other accountants often fail to detect fraud is that they are too honest. They find it difficult to think like a criminal.

This CPE webinar by speaker Robert Minniti is designed for individuals who would like:

• To refresh their understanding of fraud schemes.
• To learn how to recognize the red flags for detecting fraud.
• Analyzing how criminals commit fraud is the first step in preventing fraud.
• To review frauds that were prevalent in the last year.

Join this CPE course to understand everything about fraud and how to identify modern fraudulent activities.

Here is the link to your interests: Auditing CPE courses I Fraud & Forensic CPE Courses 

Overview

• The elements of fraud

  9 mins
• Reporting fraud

  17 mins
• Financial statement frauds

  27 mins
• Accounts receivable frauds

  37 mins
• Counterfeit currency

  52 mins
• Accounting payroll frauds

  70 mins
• QR code scams

  83 mins