Financial Statement Fraud

Author: Susan Harper

Delve into the world of Financial Statement Fraud with Susan Harper, Certified Fraud Examiner, and former Internal Revenue Agent of 34 years. This course will explore financial statement fraud, its associated costs, and the reasons its often committed. With 20 years instructing CPE courses, Susan will deliver an entertaining and informative discussion to address fraud schemes and red flags associated with financial statement fraud. Lastly, throughout the presentation, she will share interesting case stories and the consequences of committing such fraud.

Publication Date: November 2022

Designed For
null

Topics Covered

• Financial Statement Fraud
• Costs of Financial Statement Fraud
• Reasons Committed
• Trends
• Fraud Schemes & Associated Red Flags
• Methods of Detection
• Financial Statement Analysis
• Interviews
• Prevention
• IRS Consequences
• Case Studies

Learning Objectives

• Recognize the pressures, opportunities, and rationalizations which lead to Financial Statement Fraud
• Recognize fraud schemes involving Financial Statements
• Recognize how to detect Financial Statement Fraud with appropriate analysis and interviews
• Recognize how to learn how to prevent Financial Statement Fraud
• Recognize the consequences of committing Financial Statement Fraud
• Identify the term that describes the deliberate misrepresentation of the financial condition of an entity
• Identify the component of the fraud triangle that relates to being able to commit fraud with perceived minimal likelihood of being detected
• Identify the median loss from financial statement fraud based on the ACFE's 2020 Report to Nations
• Identify a potential red flag with respect to improper disclosures
• Identify the type of tone for the company to establish that is one of the most important ways to prevent fraud

Level
Basic

Instructional Method

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None