CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

CSI for CPAs: Financial Crimes in the Workplace

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
4 Credits: Auditing

Course Description

Occupational fraud is a serious issue for many businesses. This course uses real case studies to demonstrate how effective detection procedures can help identify and prevent fraud in the workplace. You’ll learn the latest techniques that you can implement right away to ensure that proper controls are in place and that the correct procedures are followed when fraud is suspected.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Section 1

  • List an item excluded from the forensic accounting toolbox.
  • Identify a situation that creates the opportunity for asset misappropriation.
  • Choose an example of an employee expense misappropriation scheme.
  • Identify a true statement about fraud or abuse.
  • Name the forensic accounting tool applied in reviewing attendance records.
  • Cite the side of the fraud triangle displayed by an employee who harbors resentment against an employer.
  • Choose the type of fraud or abuse given a set of circumstances.

Section 2

  • Identify the most useful demeanor for conducting interviews and how a dishonest employee views an auditor who lacks people skills.
  • List an inappropriate step for an employer who notices an employee displaying apparent new wealth.
  • Specify a way for an interviewer to overcome the fear of confrontation and how to deal with an interviewee who is trying to intimidate with shouting and emotional outbursts.
  • Name the primary internal control weakness for most small businesses and the most important internal control procedure for any business.
  • Cite the primary consideration of an employer that chooses not to pursue an action against an employee committing theft.

Section 3

  • List a term for fraud committed with both the CFO and CEO’s knowledge.
  • Choose an action that is not a behavioral red flag of potential fraud.
  • Identify the type of employee who is most likely to commit fraud.
  • Name the fastest-growing fraud and the approach that has been most effective at detecting and preventing fraud.
  • Cite information excluded from the 2012 Report to the Nations on Occupational Fraud and Abuse.
  • Specify why small businesses are impacted by fraud more than larger ones and the corporate department with the most incidences of fraud.
  • Define the fraud checklist strategy characterized by executive management claiming honesty and expecting it of employees and an employer offering to pay for counseling to help an employee with alcohol abuse.

Section 4

  • List an action that is not a potential fraud red flag and a recommended action that the owners didn’t agree with in Crime Scene two.
  • List an action not committed by the yogurt shop owners.
  • Specify a good rule of thumb in estimating fraud losses in an organization.
  • Calculate the estimated loss due to misappropriation of financial assets given a set of circumstances.
  • Identify the median loss for misappropriations per incident.

Course Specifics

Course ID
9139006VID
Revision Date
August 10, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

David W. Holt Headshot
David W. Holt, CPA, CFE

David Holt, CPA, CFE, has been recognized by the AICPA as an Outstanding Discussion Leader for the state of Texas. He also was voted Outstanding Speaker of the Year for 2006–2007 by the Rio Grande Valley Chapter of the Texas Society of CPAs. He has more than 30 years’ experience in public accounting (as an auditor and fraud examiner) and has taught CPE seminars since 1992. David has written on more than a dozen CPE topics and was a contributing author A Guide to Preparing Governmental Financial Statements (Practitioners Publishing Company). He’s also a former faculty member of the Association of Certified …

David W. Holt, CPA, CFE Read More »

CSI for CPAs: Financial Crimes in the Workplace

Expert Instructors
Format
CPE CREDITS
4 Credits: Auditing

$196.00

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
4 Credits: Auditing

Course Description

Occupational fraud is a serious issue for many businesses. This course uses real case studies to demonstrate how effective detection procedures can help identify and prevent fraud in the workplace. You’ll learn the latest techniques that you can implement right away to ensure that proper controls are in place and that the correct procedures are followed when fraud is suspected.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Section 1

  • List an item excluded from the forensic accounting toolbox.
  • Identify a situation that creates the opportunity for asset misappropriation.
  • Choose an example of an employee expense misappropriation scheme.
  • Identify a true statement about fraud or abuse.
  • Name the forensic accounting tool applied in reviewing attendance records.
  • Cite the side of the fraud triangle displayed by an employee who harbors resentment against an employer.
  • Choose the type of fraud or abuse given a set of circumstances.

Section 2

  • Identify the most useful demeanor for conducting interviews and how a dishonest employee views an auditor who lacks people skills.
  • List an inappropriate step for an employer who notices an employee displaying apparent new wealth.
  • Specify a way for an interviewer to overcome the fear of confrontation and how to deal with an interviewee who is trying to intimidate with shouting and emotional outbursts.
  • Name the primary internal control weakness for most small businesses and the most important internal control procedure for any business.
  • Cite the primary consideration of an employer that chooses not to pursue an action against an employee committing theft.

Section 3

  • List a term for fraud committed with both the CFO and CEO’s knowledge.
  • Choose an action that is not a behavioral red flag of potential fraud.
  • Identify the type of employee who is most likely to commit fraud.
  • Name the fastest-growing fraud and the approach that has been most effective at detecting and preventing fraud.
  • Cite information excluded from the 2012 Report to the Nations on Occupational Fraud and Abuse.
  • Specify why small businesses are impacted by fraud more than larger ones and the corporate department with the most incidences of fraud.
  • Define the fraud checklist strategy characterized by executive management claiming honesty and expecting it of employees and an employer offering to pay for counseling to help an employee with alcohol abuse.

Section 4

  • List an action that is not a potential fraud red flag and a recommended action that the owners didn’t agree with in Crime Scene two.
  • List an action not committed by the yogurt shop owners.
  • Specify a good rule of thumb in estimating fraud losses in an organization.
  • Calculate the estimated loss due to misappropriation of financial assets given a set of circumstances.
  • Identify the median loss for misappropriations per incident.

Course Specifics

Course ID
9139006VID
Revision Date
August 10, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

David W. Holt Headshot
David W. Holt, CPA, CFE

David Holt, CPA, CFE, has been recognized by the AICPA as an Outstanding Discussion Leader for the state of Texas. He also was voted Outstanding Speaker of the Year for 2006–2007 by the Rio Grande Valley Chapter of the Texas Society of CPAs. He has more than 30 years’ experience in public accounting (as an auditor and fraud examiner) and has taught CPE seminars since 1992. David has written on more than a dozen CPE topics and was a contributing author A Guide to Preparing Governmental Financial Statements (Practitioners Publishing Company). He’s also a former faculty member of the Association of Certified …

David W. Holt, CPA, CFE Read More »

CSI for CPAs: Financial Crimes in the Workplace

Expert Instructors
Format
CPE CREDITS
4 Credits: Auditing

$196.00