Author : | Kelen Camehl, CPA, MBA |
Course Length : | Pages: 68 ||| Word Count: 26,044 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
CPE Credits : | 4.0 |
IRS Credits : | 0 |
Price : | $35.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Auditing - Auditing for Course Id 2521 |
Description : | This course provides an overview of the various forms of financial fraud and manipulation that can distort financial statements and mislead stakeholders. It addresses tactics used by some companies to artificially inflate revenue, understate liabilities, mismanage assets, and misreport disclosures. By understanding these fraudulent practices, auditors can better identify these types of frauds and ensure more accurate and transparent financial reporting for stakeholders. |
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 : | 29-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 - 2521 |
Keywords : | Auditing, Types, Financial, Statement, Fraud, Key, Schemes, Carried, Out, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
Chapter 3
Chapter 4
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Course Contents : | Chapter 1 - Revenue and Earnings Manipulation Chapter Overview Learning Objectives 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 Chapter Overview Learning Objectives Introduction Misclassifying Financial Statement Items Improper Use of Reserves Misrepresenting Lease Classifications Structuring Transactions to Avoid Regulatory or Accounting Thresholds Conclusion Review Questions Chapter 3 - Asset and Equity Mismanagement Chapter Overview Learning Objectives Introduction Manipulating Depreciation or Amortization Schedules Related Party Transaction Fraud Creating Shell Companies for Fraudulent Transactions Manipulating Stock Option Accounting Conclusion Review Questions Chapter 4 - Disclosure and Reporting Fraud Chapter Overview Learning Objectives 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 |