Fraud Detection Tools: Benford’s Law And The Beneish M Score

2 Credits: Accounting


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Fraud Detection Tools: Benford’s Law And The Beneish M Score

Course Level
CPE Credits

2 Credits: Accounting

Course Description

Before this course, the challenge of detecting financial fraud might seem daunting, given the complexity and subtlety with which it can manifest. This course acts as a bridge to acquiring advanced skills in fraud detection using Benford’s Law and the Beneish M Score. After completion, you’ll move from a basic understanding of fraud detection to mastering these two sophisticated tools. Benford’s Law will become a go-to method for identifying irregularities in transactional data, while the Beneish M Score will equip you to assess the likelihood of manipulation in financial statements. This transformation from general awareness to specialized expertise in fraud detection empowers you to proactively identify and address potential financial anomalies, significantly strengthening the financial integrity of your organization.

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Learning Objectives

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

  • Recognize how to use Benford’s Law to detect potential fraud
  • Identify situations where Benford’s Law is and is not applicable
  • Recognize the Beneish M Score and its components
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Course Specifics

Course ID
Revision Date
September 26, 2022

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220
Qualifies for CA Fraud: Yes
Qualifies for CA Fraud Credits: 1

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Joseph Helstrom Headshot

Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning. After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and …