The Most Common Financial Statement & Asset Fraud Schemes: How to Detect & Prevent Them
Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material fraud schemes continue to succeed? Is this due to failures of properly designed internal controls? Could the internal controls be adequate but not complied with? This course provides descriptions of how the most common types of financial statement and misappropriation of asset fraud schemes are detected. Cost-effective internal controls that can be implemented to prevent these schemes are provided.
Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts. Distinguish suspicious journal entries and apply analytical procedures to detect various types of fraud. Determine the red flags associated with fraud schemes concerning revenue, inventory, asset overstatements, estimates, and other accounts.
Business owners, managers, supervisors, employees, accountants and auditors.
Pair with CL4LEAS, CL4INRR, and CL4AUAA to get 16 hours CPE Credit!!
Applicable if you are a NVCPA member in good standing.
Applicable if you are not a NVCPA member.
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