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Accounting Fraud - Recent Cases (Course Id 905)

Updated / QAS / Registry
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Author:

Joseph P Helstrom, CPA

Course Length:

Pages: 17 ||| Word Count: 9181 ||| Review Questions: 3 ||| Final Exam Questions: 5

CPE Credits:

1.0

IRS Credits:

0

Price:

$12.95

Passing Score:

70%

Course Type:

Text
Accounting Fraud - Recent Cases - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Accounting

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course uses three recent accounting fraud cases to demonstrate the importance of internal controls, board oversight, and an organizational emphasis on ethics.

  • Uses case studies relating to Koss Corporation, Fair Finance Company, and Diamond Foods.
  • Examines the CPA auditors responsibility for internal controls and the prevention and detection of fraud.
  • Satisfies the California Board of Accountancy fraud CPE requirement through its coverage of these three cases.
  • Worth 1.0 CPE credit in Auditing as a self study text course on recent accounting fraud cases, requiring a 5 question final exam preceded by 3 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

Accounting Fraud Recent Cases recognizes the auditor responsibility for internal controls and fraud detection as part of an audit.

This course associates fraud with inadequate internal controls, using three recent accounting fraud cases.

Accounting Fraud Recent Cases recognizes the importance of independent board of directors and audit committee oversight in the prevention of fraud.

This course is a Technical self study text course worth 1.0 CPE credit across 17 pages. The course includes a 5 question final exam preceded by 3 review questions (optional), requiring 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.

Yes, Accounting Fraud Recent Cases provides one hour 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.

Description:

This course uses cases of three recent accounting frauds to demonstrate the importance of internal controls, management oversight by the board of directors and an organizational emphasis on ethics in the prevention of fraud.  It also examines the CPA auditor’s responsibility for internal controls and the prevention and detection of fraud as part of its work.  The case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods. 

Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement.

Usage Rank:

28226

Release:

2015

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

04-Apr-2026

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:

Accounting Fraud - Recent Cases - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

After completing this course, you will be able to
  • Recognize the auditor responsibility for internal controls and fraud detection as part of its audit
  • Associate fraud with inadequate internal controls
  • Recognize the importance of independent board of director and audit committee oversight in the prevention of fraud

Course Contents:

Chapter 1 - Accounting Fraud - Recent Cases

Course Learning Objectives

Fraud Overview

Koss Corporation

Fair Finance Company

Diamond Foods

Chapter 1 Review Questions

Glossary

Click to go to: CPA Fraud CPE Courses | Forensic Accounting CPE Courses
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