Case Studies in Accounting Fraud
Distinguish financial reporting fraud from misappropriation of assets and to highlight common schemes involving one or both types of fraud. Review several high-profile cases as well as other real world situations to emphasize the CPA's role and responsibility.
This course addresses the methods by which each scheme was perpetrated and disguised, as well as how the fraud was caught and what the consequences were. Explore the CPA's role in prevention and detection of both types of fraud.
- Major financial statement frauds including, among others, sales and other types of revenue, estimates, earnings management and cut-off
- Major misappropriation of asset fraud schemes including skimming, larceny, and additional schemes that occur in inventory, payables and other accounts
- Review of landmark cases where the fraud scheme occurred: WorldCom, Phar-Mor, Koss and others
- Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts
- Distinguish suspicious journal entries
- Recognize the red flags associated with fraud schemes concerning revenue, inventory, asset overstatements, estimates, and other accounts
- Apply analytical procedures to detect various types of fraud
- Compare particular fraud schemes to landmark cases
Accountants and auditors in public and private practice.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.