Unraveling Fraud Risks in Financial Statements ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management’s role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud. This course emphasizes fraud prevention, detection, and the importance of ethical decision-making in upholding financial integrity.
Highlights
Fraud overview. Fraudulent financial reporting. Misappropriation of assets. Conditions for fraud. Management and fraud risks. Management override of controls. Ethical responsibilities and legal considerations.
Prerequisites
None.
Designed For
Auditors, CPAs, and other accounting professionals.
Objectives
Recognize the conditions that enable fraud, including incentive, opportunity, and rationalization. Identify fraudulent activities such as fraudulent financial reporting and misappropriation of assets. Distinguish between the behavioral and cultural drivers that contribute to fraudulent actions. Recall the ethical and legal responsibilities of auditors when addressing fraud risks. Determine how management override of controls creates opportunities for fraud.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $67.00
Member Price $58.00