20WC-0287: Case Studies in Accounting Fraud (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Friday, July 24, 2020
10:30am - 2:00pm Central Time
4 CPE (4 technical)

Distinguish financial reporting fraud from misappropriation of assets. Highlight common schemes involving one or both types of fraud. Review several high-profile cases as well as other real world situations to emphasize the CPA's role and responsibility.Examine the methods used to perpetrate and disguise schemes, how the fraud was detected, and the consequences. Explore the CPA's role in prevention and detection of both types of fraud.

Major subjects

• Major financial statement frauds including, among others, sales and other types of revenue, estimates, earnings management and cut-off
• Major misappropriation of asset fraud schemes including skimming, larceny, and additional schemes that occur in inventory, payables and other accounts
• Review of landmark cases where the fraud scheme occurred: WorldCom, Phar-Mor, Koss and others

Learning objective(s)

• Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts
• Distinguish suspicious journal entries
• Recognize the red flags associated with fraud schemes concerning revenue, inventory, asset overstatements, estimates, and other accounts
• Apply analytical procedures to detect various types of fraud
• Compare particular fraud schemes to landmark cases

Who should take this program?

Accountants and auditors in public and private practice.

Fees

Standard Member Fee	$150.00
Standard Nonmember Fee	$201.00