Brazen Employee Theft - Case Studies (Course Id 1914)

• Who is this course for?
  It’s designed for anyone needing Continuing Professional Education (CPE), particularly CPAs and auditing professionals interested in understanding real-world risks.

• What is this course about or what problem does this course solve?
  Using five real employee theft scenarios, this course demonstrates how failures in internal control and oversight facilitate fraud—emphasizing the critical need for both elements.

• How can the knowledge from this course be used?
  Learners can apply these case insights to strengthen internal controls—implement checks, segregations, oversight, and monitoring—and thereby prevent similar fraudulent schemes.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  The material underscores that fraudulent losses often arise from control lapses—such as missing reconciliations or unreviewed vendor profiles—highlighting areas CPAs must vigilantly monitor .

• When is this course relevant or timely?
  Released in 2024 and revised on October 1, 2024, it reflects up-to-date awareness of employee fraud patterns and internal control challenges in modern practice.

• How is a course like this consumed or used?
  Offered as a NASBA QAS self-study text course, it spans 12 pages (7,208 words), includes 3 review questions and a 5-question final exam, and provides 1.0 CPE credit upon passing.

Who knew how easy it is to steal? This course uses five recent employee theft cases to demonstrate the importance of internal controls and management oversight in the prevention of employee theft. A recurring theme in each of these cases is a lack of appropriate internal controls and a lack of management oversight.

NASBA QAS - Text - NASBA Registry - 1914

Course Learning Objectives

• Associate employee theft with inadequate internal controls
• Recognize the importance of management oversight in the prevention of fraud

Chapter 1 - Brazen Employee Theft - Case Studies

Course Learning Objectives

Employee Theft Overview

“Sandhogs” Pension Fund

Ayer Family Trust

Craig Brothers Plumbing and Heating, Inc.

Pet First Healthcare

Koss Corporation

Profile of a Fraudster – Association of Certified Fraud Examiners

Review Questions

Glossary