CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Fundamentals of Financial Statement Fraud

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

Course Description

Financial statement fraud is costly and directly affects businesses and individuals. This practical guide provides instruction for the detection of many common types of fraud such as revenue-based, shipping, bill and hold, and gross-up schemes. Straightforward and insightful, this course provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments. Fundamentals of Financial Statement Fraud uses numerous ratios, red flags, and real-life cases to help you effectively detect and report fraud.

This course covers material also contained in Financial Statement Fraud.

Learning Objectives

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

Chapter 1

  • Cite the existing revenue recognition standards under both U.S. GAAP and International Accounting Standards (IAS), noting proposed changes.
  • Identify revenue recognition schemes, citing the impact on the company’s financial statements.

Chapter 2

  • Recognize the proper accounting under U.S. GAAP and IFRS for revenue recognition.
  • Identify revenue recognition schemes, noting tactics used by companies in reallife case studies.

Chapter 3

  • Identify fictitious revenue schemes, noting reasons for recording fictitious revenue and its impact on the company’s financial statements.

Chapter 4

  • Identify gross-up schemes, noting their accounting impact.

Chapter 5

  • Identify key aspects of detecting and investigating financial statement fraud.

Chapter 6

  • Recognize analytical methods used to detect financial statement fraud.

Chapter 7

  • Identify ways to assess and minimize the risk of successful auditor liability claims, noting real-life case studies and their impact.

Course Specifics

Course ID
9169003
Revision Date
October 14, 2020
Advanced Preparation

None

Compliance information

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

Course Instructor

Gerard M. Zack Headshot
Gerard M. Zack, CPA, CFE, CIA

Gerard M. Zack, CPA, CFE, CIA, has provided fraud prevention and investigation, forensic accounting, risk advisory, and internal and external audit services for more than 30 years. Prior to starting his own practice in 1990, Gerry was an audit manager with a large international public accounting firm. As founder and president of Zack, P.C., he has led numerous fraud investigations and designed customized fraud risk management programs for a diverse client base. In addition to serving clients, Gerry has served on the faculty of the Association of Certified Fraud Examiners (ACFE) since 2006, providing antifraud training in North America, Europe, …

Gerard M. Zack, CPA, CFE, CIA Read More »

Fundamentals of Financial Statement Fraud

Expert Instructors
Format
CPE CREDITS
4 Credits: Auditing

$116.00$136.00

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

Course Description

Financial statement fraud is costly and directly affects businesses and individuals. This practical guide provides instruction for the detection of many common types of fraud such as revenue-based, shipping, bill and hold, and gross-up schemes. Straightforward and insightful, this course provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments. Fundamentals of Financial Statement Fraud uses numerous ratios, red flags, and real-life cases to help you effectively detect and report fraud.

This course covers material also contained in Financial Statement Fraud.

Learning Objectives

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

Chapter 1

  • Cite the existing revenue recognition standards under both U.S. GAAP and International Accounting Standards (IAS), noting proposed changes.
  • Identify revenue recognition schemes, citing the impact on the company’s financial statements.

Chapter 2

  • Recognize the proper accounting under U.S. GAAP and IFRS for revenue recognition.
  • Identify revenue recognition schemes, noting tactics used by companies in reallife case studies.

Chapter 3

  • Identify fictitious revenue schemes, noting reasons for recording fictitious revenue and its impact on the company’s financial statements.

Chapter 4

  • Identify gross-up schemes, noting their accounting impact.

Chapter 5

  • Identify key aspects of detecting and investigating financial statement fraud.

Chapter 6

  • Recognize analytical methods used to detect financial statement fraud.

Chapter 7

  • Identify ways to assess and minimize the risk of successful auditor liability claims, noting real-life case studies and their impact.

Course Specifics

Course ID
9169003
Revision Date
October 14, 2020
Advanced Preparation

None

Compliance information

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

Course Instructor

Gerard M. Zack Headshot
Gerard M. Zack, CPA, CFE, CIA

Gerard M. Zack, CPA, CFE, CIA, has provided fraud prevention and investigation, forensic accounting, risk advisory, and internal and external audit services for more than 30 years. Prior to starting his own practice in 1990, Gerry was an audit manager with a large international public accounting firm. As founder and president of Zack, P.C., he has led numerous fraud investigations and designed customized fraud risk management programs for a diverse client base. In addition to serving clients, Gerry has served on the faculty of the Association of Certified Fraud Examiners (ACFE) since 2006, providing antifraud training in North America, Europe, …

Gerard M. Zack, CPA, CFE, CIA Read More »

Fundamentals of Financial Statement Fraud

Expert Instructors
Format
CPE CREDITS
4 Credits: Auditing

$116.00$136.00

Clear