Financial Statement Fraud (Virtual)  (FSF4-VIR)

4.00 CPE Credit Hours

Instances of financial statement fraud have occurred ever since the first financial statements were prepared. Financial statement fraud poses a significant threat to all businesses regardless of size. In this program, we will discuss fraud, the Fraud Triangle, who commits fraud, fraud red flags and motivations to commit fraud, common fraud activities, COSO internal controls, and selected financial statement fraud case studies.

• Define fraud in the context of financial statement fraud
• Describe financial statement frauds and how they occur
• Recognize both soft and hard indicators of fraud
• Identify red flags of financial statement fraud
• Identify who commits financial statement fraud and the incentives motivating them to do so
• Recognize the most common financial statement fraud activities through selective case analysis

• Overview of financial statement fraud
• COSO and COSO Principle 8 concerning fraud
• Fraud Triangle
• Fraud classification
• Identifying red flags of financial statement fraud
• Financial statement fraud and who commits it
• Selected financial statement fraud activities (cases)