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22WA-3746: Was It Fraud or Just Poor Audit Quality? (Webinar)

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

Friday, December 9, 2022
1:00pm - 2:20pm Central Time
1.5 CPE (1.5 technical)  |  1.5 Yellow Book

This session describes a state agency's quality review of a Not-for-Profit organization's A-133 audit. The case study describes the organization audited, its Federally- and state-funded programs, and the CPA firm retained to do the audit. Various anomalies in the financial statements alerted State officials to potential problems, and a detailed quality review followed. Find out how the entity turned hundreds of thousands of dollars in bank overdrafts into hundreds of thousands of dollars of cash on its balance sheet. Explore other "creative" ways to deal with fixed assets, accounts receivable, and related-party transactions. Were the auditors just sloppy, ignorant, negligent? Or were they active participants in producing fraudulent financial statements? You be the judge.

Major subjects

  • Financial statement manipulation
  • Ethics enforcement process
  • Auditor conflicts of interest

Learning objective(s)

  • How easily financial statements can be manipulated
  • How checklist auditing is dangerous
  • Consequences for poor or negligent audit work

Who should take this program?

Accountants and auditors at all levels

Fees

Our records indicate you are a nonmember. If you register, you will be charged $59.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $59.00
checkmark Standard Nonmember Fee $59.00

More program information

Instructor David Cotton, CPA, CFE, CGFM
Location Online
Area
of study
Not-for-profit
Field(s)
of study
Accounting (Governmental) - Technical (0.5)
Auditing (Governmental) - Technical (1.0)
Level Basic
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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