Which schedules does this course identify for depreciation fraud?

This Detecting Financial Statement Fraud course identifies manipulation of depreciation and amortization schedules as an asset mismanagement scheme.

Which entities does this course discuss for fraudulent transactions?

This course discusses the creation of shell companies for fraudulent transactions.

Does this course count toward the California fraud CPE requirement?

Yes, Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement provides two hours of CPE credit in fraud prevention, detection, or reporting, which counts toward the four hour fraud CPE requirement imposed by the California Board of Accountancy (http://www.dca.ca.gov/cba) on CPAs subject to the accounting and auditing, governmental auditing, or preparation engagement CE requirement.

How many CPE credits does this Detecting Financial Statement Fraud Asset and Equity course provide?

This Detecting Financial Statement Fraud Asset Equity and Reporting Mismanagement course is a Technical, self study text course in Auditing worth 2.0 CPE credits, requiring a 10 question final exam preceded by 6 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

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Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement (Course Id 2518)

QAS / Registry

Author:	Kelen Camehl, CPA, MBA
Course Length:	Pages: 34 \|\|\| Word Count: 13,022 \|\|\| Review Questions: 6 \|\|\| Final Exam Questions: 10
CPE Credits:	2.0
IRS Credits:	0
Price:	$17.95
Passing Score:	70%
Course Type:	Text

Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement - CPE course for CPAs

Technical Designation:	Technical
Field Of Study:	Auditing
Approved Audience:	NASBA QAS - NASBA Registry
Key Takeaways:	This course focuses specifically on fraudulent activities involving asset and equity mismanagement and deceptive reporting practices. Covers how companies misstate asset values and manipulate equity to mislead stakeholders. Explains deceptive reporting practices used to misrepresent financial disclosures. Focuses narrowly on asset, equity, and reporting schemes rather than revenue or earnings manipulation. Worth 2.0 CPE credits in Auditing as a self study text course on asset and equity fraud detection, satisfying the California Board of Accountancy fraud requirement, requiring a 10 question final exam preceded by 6 review questions (optional) and a 70% passing score.
Frequently Asked Questions:	Which schedules does this course identify for depreciation fraud? This Detecting Financial Statement Fraud course identifies manipulation of depreciation and amortization schedules as an asset mismanagement scheme. Which entities does this course discuss for fraudulent transactions? This course discusses the creation of shell companies for fraudulent transactions. Does this course count toward the California fraud CPE requirement? Yes, Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement provides two hours of CPE credit in fraud prevention, detection, or reporting, which counts toward the four hour fraud CPE requirement imposed by the California Board of Accountancy (http://www.dca.ca.gov/cba) on CPAs subject to the accounting and auditing, governmental auditing, or preparation engagement CE requirement. How many CPE credits does this Detecting Financial Statement Fraud Asset and Equity course provide? This Detecting Financial Statement Fraud Asset Equity and Reporting Mismanagement course is a Technical, self study text course in Auditing worth 2.0 CPE credits, requiring a 10 question final exam preceded by 6 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.
Description:	This course covers fraudulent activities involving asset and equity mismanagement, as well as deceptive reporting practices. It highlights how companies may misstate asset values, manipulate equity, and misreport financial disclosures to mislead stakeholders. By learning to recognize these schemes, auditors can enhance their ability to detect fraud and ensure greater transparency and trust in financial statements. Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement.
Usage Rank:	27692
Release:	2025
Version:	1.0
Prerequisites:	None.
Experience Level:	Overview
Additional Contents:	Complete, no additional material needed.
Additional Links:	External: Detecting Financial Statement Fraud Internal: Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement (Course Details - Course Id 2518) Internal: Detecting Financial Statement Fraud: Revenue, Earnings, and Expense Manipulation (Course Id 2520) External: IRS - Recognizing and Developing Fraud Indicators (IRM Section 25.1.2)
Advance Preparation:	None.
Delivery Method:	QAS Self Study
Intended Participants:	Anyone needing Continuing Professional Education (CPE).
Revision Date:	25-Mar-2025
NASBA Course Declaration:	Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Keywords:	Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement - CPE course for CPAs
Learning Objectives:	Chapter 1 Asset and Equity Mismanagement Upon completion of this chapter, you will be able to: Identify fraud schemes that involve overstating assets and manipulating equity Recognize fraud indicators related to depreciation, amortization, and stock option accounting Differentiate between legitimate and fraudulent related party transactions Chapter 2 Disclosure and Reporting Fraud Upon completion of this chapter, you will be able to: Identify indicators of misleading disclosures and misreporting of foreign currency transactions Recognize red flags indicating failure to disclose contingent liabilities Distinguish between legitimate and fraudulent consolidation practices
Course Contents:	Chapter 1 - Asset and Equity Mismanagement Learning Objectives Chapter Overview Introduction Manipulating Depreciation or Amortization Schedules Related Party Transaction Fraud Creating Shell Companies for Fraudulent Transactions Manipulating Stock Option Accounting Conclusion Review Questions Chapter 2 - Disclosure and Reporting Fraud Learning Objectives Chapter Overview Introduction Failure to Consolidate Related Entities Failure to Disclose Contingent Liabilities Misreporting Foreign Currency Gains or Losses Misleading Disclosures Best Practices for Ethical Financial Reporting Conclusion Review Questions Glossary of Key Terms

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Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement (Course Id 2518)

Author:

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IRS Credits:

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Technical Designation:

Field Of Study:

Approved Audience:

Key Takeaways:

Frequently Asked Questions:

Which schedules does this course identify for depreciation fraud?

Which entities does this course discuss for fraudulent transactions?

Does this course count toward the California fraud CPE requirement?

How many CPE credits does this Detecting Financial Statement Fraud Asset and Equity course provide?

Description:

Usage Rank:

Release:

Version:

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Experience Level:

Additional Contents:

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Advance Preparation:

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NASBA Course Declaration:

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Course Contents: