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| Author : | Joseph P Helstrom, CPA |
| Course Length : | Pages: 3 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
| CPE Credits : | 1.0 |
| IRS Credits : | 0 |
| Price : | $14.95 |
| Passing Score : | 70% |
| Course Type: | Video - NASBA QAS - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Auditing - Auditing for Course Id 1646 |
| Overview : |
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| Description : |
This video uses a case study of embezzlement and financial statement fraud at a small public company 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 company that the case study utilizes is Koss Corporation. Please Note: These Fraud CPE credits satisfy the California Board of Accountancy (CBA) fraud requirement. |
| Usage Rank : | 17059 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
External: Koss Case
Internal: Social Engineering Fraud Schemes
Internal: Managers & Financial Reporting Fraud
External: IRS — Recognizing and Developing Fraud (IRM 25.1.2)
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 01-Mar-2024 |
| 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 : | Video - NASBA QAS - NASBA Registry - 1646 |
| Keywords : | Auditing, Koss, Corporation, Case, Study, Fraud, Video, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives 1. Recognize the SEC rules regarding smaller reporting entities2. Recognize the auditor responsibility for client internal controls 3. Identify the Koss Corp. embezzlement and financial statement fraud with inadequate internal controls |
| Course Contents : | Chapter 1 - Koss Corporation - A Case Study in Fraud Chapter 1 Review Questions Glossary |
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