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Course material is Financial Statement Fraud Prevention and Detection . The cost of the text and free shipping is included in the price.
Prerequisite: None
Course level: Basic
Advanced preparation: None
Teaching method: Text and exam
1) Financial Statement Fraud Defined
The learning objectives for this lesson are to gain an understanding of:
- Will History Repeat Itself?
- A Closer Look.
- Definition of Financial Statement Fraud.
- Nature of Financial Statement Fraud.
- High-Impact Fraud Cases.
- Cost of Financial Statement Fraud.
- Fraud Studies and Regulatory Responses.
- Antifraud Programs.
- Occurrence, Prevention, and Detection.
- Lessons Learned and Applications for Practice.
2) Financial Reporting Structure.
The learning objectives for this lesson are to gain an understanding of:
- Introduction.
- Financial Reporting System.
- Importance of Financial Information.
- Annual Financial Reporting Requirements.
- High-Quality Financial Reports.
- Six-Legged Stool of the Financial Reporting Process.
- Corporate Financial Reports.
- Corporate Reporting Challenges.
- Financial Restatements.
- Fair Value.
- Stock Options Accounting.
- XBRL- Generated Financial Reports.
- Antifraud Applications for Practice.
3) Cooking the Books Equals Fraud.
The learning objectives for this lesson are to gain an understanding of:
- Why Does Financial Statement Fraud Occur?
- Profile of Financial Statement Fraud.
- Waste Management, Inc.: Financial Statement Fraud Analysis.
- Antifraud Applications for Practice.
- Notes.
- 4 Realization, Prevention, and Detection.
- Introduction.
- Realization.
- The 3Cs Model.
- Financial Statement Fraud Prevention.
- Financial Statement Fraud Detection.
- Correction Procedures.
- Prevention, Detection, and Correction Strategies.
- Antifraud Applications for Practice.
4) Realization, Prevention, and Detection.
The learning objectives for this lesson are to gain an understanding of:
- Realization.
- The 3Cs Model.
- Financial Statement Fraud Prevention.
- Financial Statement Fraud Detection.
- Correction Procedures.
- Prevention, Detection, and Correction Strategies.
- Antifraud Applications for Practice.
5) Taxonomy and Schemes.
The learning objectives for this lesson are to gain an understanding of:
- Symptoms of Financial Statement Fraud.
- Common Fraud Schemes.
- Common Revenue Fraud Schemes.
- Financial Statement Fraud Red Flags.
- Whistle-blower Regulations.
- Antifraud Applications for Practice.
6) Role of Corporate Governance.
The learning objectives for this lesson are to gain an understanding of:
- Definition of Corporate Governance.
- Role of Corporate Governance.
- Corporate Governance Structure.
- Characteristics of Corporate Governance.
- Corporate Governance Functions.
- Global Corporate Governance.
- Anti-Fraud Applications for Practice.
7) Board of Directors' Oversight Responsibility.
The learning objectives for this lesson are to gain an understanding of:
- The Role of the Board of Directors.
- Composition of the Board of Directors.
- Functions of the Board of Directors.
- Attributes of Boards of Directors.
- Antifraud Applications for Practice.
- Protocol: A Plan for Reaction to Allegations of Misconduct.
8) Audit Committees and Corporate Governance.
The learning objectives for this lesson are to gain an understanding of:
- Audit Committee.
- Audit Committee Attributes.
- Audit Committee Roles and Responsibilities.
- Audit Committee Charters.
- Chairperson of Audit Committees.
- Audit Committee Report.
- Audit Committees' Roles in Preventing and Detecting Financial Statement Fraud.
- Antifraud Applications for Practice
9) Management Responsibility.
The learning objectives for this lesson are to gain an understanding of:
- Management Financial Reporting Responsibilities.
- Management's Role in Financial Statement Fraud Prevention and Protection.
- Management Motives and Incentives.
- Management Override of Internal Control.
- Gamesmanship.
- Risk Management.
- Antifraud Applications for Practice.
10) Role of the Internal Auditor.
The learning objectives for this lesson are to gain an understanding of:
- Internal Auditors and Corporate Governance.
- Internal Auditors' Responsibilities.
- Internal Audit Fraud Standards.
- Efficacy of Internal Audit in Financial Statement Fraud Prevention and Detection.
- Cooperation between External and Internal Audit.
- Internal Audits and the Audit Committee.
- Internal Control.
- Antifraud Applications for Practice.
11) Role of External Auditors.
The learning objectives for this lesson are to gain an understanding of:
- Independent Audit of Financial Statements.
- Independent Auditor and Financial Statement Fraud.
- Independent Audit and Internal Control.
- The Report on Internal Controls.
- Fraud Detection Audit Procedures.
- Materiality Guidance.
- Risk-Factors of Financial Statement Fraud.
- Communication of Fraud.
- Antifraud Applications for Practice.
12) Governing Bodies
The learning objectives for this lesson are to gain an understanding of:
- Role of Regulation in Corporate Governance.
- Sarbanes-Oxley Act Of 2002.
- Securities and Exchange Commission.
- SEC's Regulation Fair Disclosure.
- Financial Fraud Detection and Disclosure Act of 1992.
- Private Securities Reform Act of 1995.
- SEC and Financial Statement Fraud.
- SEC Fraud Prevention Activities.
- SEC Fraud Detection Activities.
- SEC Fraud Enforcement Activities.
- Role of the Financial Accounting Standards Board.
- Antifraud Applications for Practice.
13) Fraud in a Digital Environment.
The learning objectives for this lesson are to gain an understanding of:
- Digital Economy.
- Electronic Commerce.
- Changes in Business Environment.
- Electronic Financial Reporting.
- Antifraud Applications for Practice.
14) Fraud Examination Practice, Education and Research.
The learning objectives for this lesson are to gain an understanding of:
- The Interrelationship: Auditing, Fraud Examination and Forensic Accounting.
- Forensic Accounting Practice.
- Fraud Examination.
- Certification in Financial Forensics.
- Training Competent and Ethical Fraud Examinaers and Forensic Accountants.
- Fraud Examination and Forensic Accounting Education.
- Role of Research in a Profession.
- Antifraud Applications for Practice.
