Focus on Fraud: FTX! What Happened? ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This insightful course, led by Jeff Sailor, provides an essential guide for accounting and finance professionals to understand and identify fraud within financial reporting. Using the notable case of Sam Bankman-Fried and FTX as a primary example, the course offers a practical perspective on fraud detection and prevention. Participants will benefit from learning the two types of fraud and gaining a deeper understanding of the fraud risk triangle, a crucial concept in identifying potential fraud risks. The course provides a detailed analysis of the actual fraud that occurred at FTX, offering a real-world example to elucidate how fraud can manifest in a corporate setting. Additionally, the course delves into the failures of audit firms in the FTX case, providing critical insights into the weaknesses that allowed the fraud to go undetected. Jeff Sailor’s engaging and humorous presentation style not only makes the learning experience more enjoyable but also aids in the retention and understanding of complex topics. By the end of the course, participants will be equipped with the knowledge to recognize fraud patterns and safeguard their organizations against similar risks, enhancing their professional competence and the integrity of their financial reporting.
Highlights
Fraud focus case: FTX. The company. The fraud. Nature of fraud. The collapse. Arrest. Bankruptcy and investigation. The auditors. Fallout.
Prerequisites
None.
Designed For
CPAs, CFOs, COOs, entrepreneurs, and other financial professionals.
Objectives
Identify the two types of fraud. Identify the fraud risk triangle. Describe the actual fraud committed at FTX. Describe what went wrong with the audit firms.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $33.00
Member Price $29.00