My Profile   |   Contact Us   |   Your Cart   |   Sign In
Webcast: The Most Common Financial Statement and Asset Fraud Schemes: (WBCL4TTFS416)
Tell a Friend About This EventTell a Friend
 

9/8/2016
When: 09/08/2016
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1119494:7BB4147858D3717368C760DAD63A2E18
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


Online registration is closed.
« Go to Upcoming Event List  

AcronymWBCL4TTFS416
CPE4 hours
VendorAICPA
Category
Accounting & Auditing
LevelIntermediate
Yellow BookNo
PrerequisiteExperience in accounting and reporting
Who should attend Business owners, managers, supervisors, employees, accountants and auditorss
Members$159
CPA Non-Members $199

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.

Description

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material fraud schemes continue to succeed? Is this due to failures of properly designed internal controls? Could the internal controls be adequate but not complied with? This course provides descriptions of how the most common types of financial statement and misappropriation of asset fraud schemes are detected. Cost-effective internal controls that can be implemented to prevent these schemes are provided. Classic and contemporary real-world fraud cases are reviewed in detail to reinforce how these schemes are perpetrated-both due to internal control failures and other factors. Red flags that might possibly be indicative of these fraud schemes are addressed.

Objectives

When you complete this course you will be able to:

  • Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts.
  • Distinguish suspicious journal entries.
  • Determine 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.

Topics

  • Major financial statement frauds including, among others, sales and other types of revenue, estimates, journal entries, and other accounts
  • 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(s) occurred: , WorldCom, Phar-Mor, McKesson and Robbins, Waste Management, MiniScribe, Mattel, Inc. Stew Leonard, and others

Community Search
Sign In


Forgot your password?

Not a member? Join now!

News & Tax Alerts
CPE/Events

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


Advertise/Exhibit

Classifieds

CPA Locator

Press Room

Staff Directory

Facility Rental

Privacy & Terms

About LCPA