Detecting and Preventing Financial Statement Fraud (6 hrs)
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Course Description

Detecting and Preventing Financial Statement Fraud

This course will begin by reviewing the efforts made by several federal corporate crime busting governmental bodies within the United States to prevent fraud.  In addition you will be provided with some statistics regarding corporate fraud.

Next, you will be introduced to some of the common characteristics of individuals who are most likely to commit fraud and some steps that you can take to identify them.

Subsequently this course will identify the most frequently occurring types of corporate fraud and point out processes and procedures that can be put into place in order to prevent these types of fraud from taking place.

Finally, you will be provided with several case studies which will include the type of fraud which was committed and the punishment for the act.

Course information

Price: $77
Course No. MC001
Format: Online pdf (158 pages).
Prerequisites: None
Advance Preparation: None
Level: Overview
CPE Credit: 6 Hrs.
Field of Study: Auditing
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: March 2016


Upon completion of this course, you should be able to:

  • Recognize some of the major organizations who have been working diligently to eliminate corporate fraud in the U.S.
  • Recognize the national statistics regarding corporate fraud in the United States.
  • Identify the general characteristics of the people who are most likely to commit fraud and how to better identify them as well as the most common types of fraudulent activities which are occurring in corporations today.
  • Identify the various types of schemes used to perpetrate misstatements on the financial statements and misappropriation of assets.
  • Recognize the financial cost of fraud.
  • Recognize the most common method in which fraud is reported according to ACFE statistical studies.
  • Recognize why fraud is not always reported by executives and the chief reasons why even CPA’s do not always want to participate with law enforcement officers while investigating a fraud incident.
  • Recognize a condition (risk factor) which is typically present when fraud occurs.
  • Identify the most common schemes which those who commit corporate fraud usually utilize.
  • Recognize warning signals of potential embezzlers.
  • Recognize the Fraud Deterrence Initiative and the story behind how it got started
  • Identify the various corporate fraud cases which the FBI and DOJ has prosecuted.

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Top Student Reviews

  1. By Kurt Hyde on January 30, 2018
    good basic course. takes exactly 6 hours