Fraud in the Financial Statements

CPE Credit: 2 hours

Although financial statement fraud is the least likely fraud to occur, it is by far the most costly, often resulting in millions or billions of dollars in losses. If you are an accountant or auditor or a preparer of financial statements, you need to be aware of the red flags for potential red flags for fraud in the financial statements. Other users of the financial statements including shareholders, regulators, and creditors, will also find this useful. We will discuss potential red flags for fraud in the financial statements including the types of transactions that can be used to create fraudulent financial statements. 

Topics Covered:
• Forensic Accounting
• Occupational Fraud
• Financial Statement Fraud

Learning Objectives:
• Identify red flags for fraud in the financial statements
• Identify ways to detect financial statement fraud
• Identify ways to detect financial statement fraud