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Detecting Accounting Fraud Before It's Too Late

Exam Questions: 30
Course Level: Basic
Pages: 220 | Content: 184, Supplemental: 36
NASBA Area of Study: Auditing
Not Acceptable for: Enrolled Agents
Version: 7755

This course offers a comprehensive guide to corporate fraud and manipulation. It is filled with facts, insights, and helpful suggestions for understanding and preventing corporate malfeasance before it takes hold in an organization. It contains an exploration of the warning signs that accounting fraud may be taking place and details some proven techniques for identifying, preventing, and addressing fraud. You'll find descriptions of both legal and illegal practices, as well as explanations of the role corporate governance plays in mitigating these fraudulent practices. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Fraud and Accounting Manipulations
  • Accounting Fraud: An Ancient Practice
  • Problems with Legislation and Those Involved in the Financial Information
  • Why are Accounts Manipulated?
  • Legal Accounting Manipulations
  • Illegal Accounting Manipulations
  • Ethical Considerations and Economic Consequences of Manipulations
  • Personal Warning Signs
  • Organizational Warning Signs and Nonfinancial Indicators
  • Warning Signs in the Accounts
  • Some Suggestions to Improve the Current Situation
Objectives
  • To recognize different types of business fraud
  • To recognize how fraud has been a part of history
  • To identify the institutions involved with regulating accounting standards
  • To recognize the components that can lead to fraud
  • To identify factors involved in legal manipulations
  • To recognize where and when illegal accounting can occur
  • To recognize the consequences for those involved with committing fraud
  • To recognize the clear warning signs of fraud
  • To identify the motives behind corporate fraud
  • To recognize the warning signs of fraud on an income statement
  • To identify some suggested regulations that could curb accounting fraud

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.