Fraud Detection in Financial Statements

Course Description

A series of corporate scandals where employees, investors, and other stakeholders suffered tremendous loss have made the world aware of the severity of financial statement fraud. Their motives were either to manipulate share prices for their personal gain or to gain incentives by showing good performance and hiding bad news.

In current times, due to pressure from owners, 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 in 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.

Major topics highlighted in the Auditing CPE webinar:

• What exactly is financial statements fraud?
• Why financial statement frauds are conducted?
• Who commit Financial Statement Frauds?
• How they are committed - Some general categories?
• How to detect if there is any fraud in financial statements using analytical methods?

The goal of this CPE course is to enhance professionals' abilities to recognize the fraudulent activities and develop strategies to deter the misconduct.

Disclaimer:

• The goal of this CPE course is not to teach you how to carry out 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.

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 in reducing financial statement fraud
• To list down the categories of fraudulent financial reporting
• To discuss the responsibilities of different parties regarding financial statement fraud

Recommended For

• This ACFE approved course is appropriate for CPAs, CFEs, external auditors, internal auditors, CIAs, forensic accounts, CFFs, MAFFs, law enforcement personnel, risk managers, business owners, and others who might be interested in learning techniques to uncover fraud in financial statements.
• Accountants, Auditors and students having keen interest, excitement and enthusiasm for preventing, detecting and investigating frauds.
• This CPE course is good for CIA, CRMA, and all other titles governed by IIACPAs in either public or private practice with accounting, financial reporting, or attest responsibilities.
  

Who Should Attend?

Webinar Qualifies For

• 1 CPE Credit for Master Analyst In Financial Forensics (MAFF)
• 1 CPE Credit for Internal Audit Practitioner (IAP)
• 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
• 1 CPE Credit for Certified Management Accountants (CMA)
• 1 CPE Credit for Certified Internal Auditors (CIA)
• 1 CPE Credit for Certified Fraud Examiner (CFE)
• 1 CPD Credit for Certified Financial Forensics (CFF)
• 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
• 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
• 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 1 CE Credit for Certified Wealth Strategist (CWS)
• 1 General Credit for Accountant/Bookeeper
• 1 CPD Credit for CA - ICAEW
• 1 CPD Credit for Chartered Certified Accountants (ACCA)
• 1 CPD Credit for Chartered Accountants - Ireland (CAI)
• 1 CPD Credit for Chartered Accountants - Scotland
• 1 CPD Credit for CPA - Ireland
• 1 CRE Credit for Certified Treasury Professional (CTP)

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