Managers that Commit Financial Reporting Fraud (Course Id 1615)

• Who is this course for?
  This course is intended for CPAs, accountants, and other professionals who need Continuing Professional Education (CPE), particularly those who must satisfy the California Board of Accountancy's fraud CPE requirement.

• What is this course about or what problem does this course solve?
  The course examines the characteristics of managers involved in fraudulent financial reporting, using case studies of firms sanctioned by the U.S. SEC, helping professionals understand the regulatory environment and behavioral traits linked to fraud.

• How can the knowledge from this course be used?
  Learners can use the knowledge to identify potential red flags in financial reporting, better understand SEC anti-fraud regulations, and evaluate executive traits that may indicate risk of fraudulent activity.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips professionals with critical insights into financial fraud detection and compliance with SEC regulations, which are essential for ethical accounting practices and regulatory adherence.

• When is this course relevant or timely?
  This course is timely for professionals seeking to fulfill the California fraud CPE requirement or for those involved in financial compliance, forensic accounting, or risk assessment roles.

• How is a course like this consumed or used?
  The course is delivered as a NASBA QAS self-study text, completed online with a final exam requiring a 70% passing score, and includes review and exam questions based on two focused chapters.

This course covers management characteristics associated with fraudulent financial reporting. The fraud firm sample consists of those sanctioned by the U.S. Securities and Exchange Commission (SEC). An overview of the SEC’s role in accounting and reporting compliance is provided. 

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

NASBA QAS - Text - NASBA Registry - 1615

Course Learning Objectives

1. Identify anti-fraud regulations enforced by the SEC
2. Recognize the SEC’s role in accounting and reporting compliance
3. Recognize the characteristics of executives that oversee firms releasing fraudulent financial reports
4. Identify proxies used to measure executives’ characteristics

Chapter 1
The U.S. Securities and Exchange Commission’s Role

Chapter 2
Executives of AAER Targets

Chapter 1: The U.S. Securities and Exchange Commission’s Role

U.S. Securities and Exchange Commission

SEC Enforcement

Summary

Review Questions

Chapter 2: Executives of AAER Targets

Example Case

Management Traits

Consequences

Summary

Review Questions

References

Glossary