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Fraud Schemes

Exam Questions: 80
Course Level: Basic
Pages: 314 | Content: 294, Supplemental: 20
NASBA Area of Study: Auditing
Not Acceptable for: Enrolled Agents
Version: 8320

This course will define and describe many types of corporate fraud schemes that all companies should be on the lookout for. It will identify the schemes, note red flags to be aware of, and tools that can be used to offset or avoid the likelihood of the fraud being successful. PLEASE NOTE: The course content contains material from course #8310: Financial Statement Fraud, therefore, we recommend you not take both of these courses in the same CPE reporting period. Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Cash Receipt Schemes and Other Asset Misappropriations
  • Cash Disbursement Schemes
  • Corruption and the Human Factor
  • Financial Statement Fraud
Objectives
  • To recall the characteristics of various asset misappropriation schemes
  • To recognize the characteristics of various cash disbursement schemes
  • To identify the four classifications of corruption schemes
  • To identify various schemes associated with financial statement 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.