Author : | Kelen Camehl, CPA, MBA |
Course Length : | Pages: 33 ||| Word Count: 13,046 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits : | 2.0 |
IRS Credits : | 0 |
Price : | $17.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Auditing - Auditing for Course Id 2520 |
Description : | This course provides an overview of common fraudulent practices aimed at inflating revenue and earnings, as well as manipulating expenses. It examines the tactics used by some companies to misstate revenue, manage earnings artificially, and underreport or misclassify expenses. Understanding these fraudulent schemes allows auditors to better identify signs of manipulation. |
Usage Rank : | 25000 |
Release : | 2025 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Detecting Financial Statement Fraud
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 28-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. |
Approved Audience : | NASBA QAS - Text - NASBA Registry - 2520 |
Keywords : | Auditing, Detecting, Financial, Statement, Fraud, Revenue, Earnings, Expense, Manipulation, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
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Course Contents : | Chapter 1 - Revenue and Earnings Manipulation Learning Objectives Chapter Overview Introduction Non-Recurring Items Detecting Improper Use of Non-Recurring Items Overstating Deferred Revenue Common Mistakes in Deferred Revenue Intentional Mistakes in Deferred Revenue Detecting Intentional Misstatements in Deferred Revenue Backdating Transactions Detecting Backdating Fraudulent Journal Entries Detecting Fraudulent Journal Entries Conclusion Review Questions Chapter 2 - Expense and Liability Fraud Learning Objectives Chapter Overview Introduction Misclassifying Financial Statement Items Improper Use of Reserves Misrepresenting Lease Classifications Structuring Transactions to Avoid Regulatory or Accounting Thresholds Conclusion Review Questions Glossary of Key Terms |