Skip to main content
 This program is not active.
Live Webcast

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes


Total Credits: 8 including 8 Auditing- Technical

Average Rating:
   28
Categories:
Accounting and Auditing |  Partner Produced
Speaker:
Michael Wiggins
Course Levels:
Intermediate
Duration:
8 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds. Another major reason is that the reporting and transaction processing systems do not have adequate controls to either prevent and/or detect these schemes.

This course will provide descriptions of how these major frauds are perpetrated (including real-world examples) and the types of cost-effective controls that can be implemented by both small and large businesses and nonprofit entities to identify and prevent these deceptive acts.

Basic Course Information

Learning Objectives
  • Identify the findings and implications of major fraud studies
  • Identify the risk factors and red flags for each of the top ten fraud schemes
  • Determine design controls to build into systems to mitigate fraud risks
  • Distinguish the methodology of how frauds are committed
  • Identify trends in various types of fraud

Major Subjects
  • Major financial statement frauds including, among others, corruption conspiracies regarding sales and other types of revenue, estimates, journal entries, and other accounts
  • Major misappropriation of asset frauds including, among others, skimming, larceny, and embezzlement involving inventory, payables,and other accounts
  • Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud 

Course Materials

Additional Info

Basic Course Information

Prerequisites Experience in accounting and reporting
Advanced Preparation None
Designed For Business owners, managers, supervisors, employees, accountants, and auditors
Original Recording Date 06/24/2019
Yellow Book No
Course Developer AICPA
Date Added to Catalog 03/29/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 28