Identifying Fraudulent Financial Transactions (FEFFT16)
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When: 12/13/2016
8:30 AM until 4:30 PM
Where: Doubletree by Hilton Lafayette
1521 W. Pinhook Road
Lafayette, Louisiana 
United States
Presenter: Robert Minniti

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Acronym FEFFT
CPE 8 hours
Vendor AICPA
Accounting & Auditing
Level Intermediate
Prerequisite Experience in accounting and auditing
Adv Prep None
Who should attend

Accountants in industry, internal auditors and CPAs in public practice who are responsible for the quality and integrity of financial information

Registration Early Bird
(through 11/28)
(after 11/28)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

AICPA members receive an additional $30 off the registration fee for this course.

Discount made at the time of checkout. Qualifying members should have received a promo code via email – if you are unsure whether you qualify, or you lost/never received your code, please call the LCPA Member Service Center at 504.464.1040 or 800.288.5272.


Financial statement fraud continues to plague corporate America and remains at the center of the CPA’s forensic investigation. This course defines the nature of financial statement fraud, the auditor’s responsibilities for fraud and a framework for preventing and detecting fraud. You will analyze a variety of schemes and learn how to spot the red flags of fraud in financial information.


  • Identify the auditor’s responsibilities for fraud detection.
  • Determine a solid framework for detecting financial statement fraud, including the identification of revenue-related exposures and symptoms, inventory and cost of goods sold exposures and symptoms, understatement of liabilities exposures and symptoms, and overstatement of assets.
  • Determine the follow-up on symptoms of revenue-related schemes, inventory fraud, understatement of liabilities fraud, and overstatement of assets fraud.
  • Recognize instances of inadequate disclosure fraud.
  • Apply proven methods of financial statement fraud prevention.


  • Introduction to financial statement fraud
  • Auditor’s responsibility to detect fraud
  • Identifying fraud exposure
  • Revenue-related financial statement fraud
  • Inventory and cost of goods sold fraud
  • Understatement of liabilities fraud exposures and symptoms
  • Overstatement of assets fraud exposures and symptoms
  • Inadequate disclosure fraud
  • Fraud prevention