Focus on Fraud: FTX! What Happened?

1 Credits: Accounting


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Focus on Fraud: FTX! What Happened?

Course Level
CPE Credits

1 Credits: Accounting

Course Description

This insightful course, led by Jeff Sailor, provides an essential guide for accounting and finance professionals to understand and identify fraud within financial reporting. Using the notable case of Sam Bankman-Fried and FTX as a primary example, the course offers a practical perspective on fraud detection and prevention.

Participants will benefit from learning the two types of fraud and gaining a deeper understanding of the fraud risk triangle, a crucial concept in identifying potential fraud risks. The course provides a detailed analysis of the actual fraud that occurred at FTX, offering a real-world example to elucidate how fraud can manifest in a corporate setting. Additionally, the course delves into the failures of audit firms in the FTX case, providing critical insights into the weaknesses that allowed the fraud to go undetected. Jeff Sailor’s engaging and humorous presentation style not only makes the learning experience more enjoyable but also aids in the retention and understanding of complex topics. By the end of the course, participants will be equipped with the knowledge to recognize fraud patterns and safeguard their organizations against similar risks, enhancing their professional competence and the integrity of their financial reporting.

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Learning Objectives

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

  • Identify the two types of fraud;
  • Identify the fraud risk triangle;
  • Describe the actual fraud committed at FTX; and
  • Describe what went wrong with the audit firms.
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Course Specifics

Course ID
Revision Date
August 29, 2023


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

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

Jeff Sailor Headshot

Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …