Fraud Exposed – From Statement Tricks to Cash Flow Manipulation ON DEMAND

Overview

This course explores how companies can manipulate financial statements and cash flow to mislead stakeholders. This course covers schemes such as inflating revenue, understating liabilities, mismanaging assets, and misreporting disclosures. Participants in this course will also learn how cash flow can be distorted through classification and timing tactics, transaction structuring, prepayments, and other arrangements. The course highlights disclosure and presentation strategies, including selective narratives and non-GAAP measures, helping auditors recognize red flags and improve transparency in financial reporting.

Highlights

Revenue and earnings manipulation. Expense and liability fraud. Asset and equity mismanagement. Disclosure and reporting fraud. Classification-based cash flow manipulation schemes. Timing-based cash flow manipulation techniques. Transaction structuring to inflate operating cash flow. Disclosure and presentation techniques.

Prerequisites

None.

Designed For

Auditors, CPAs, CEOs, and other accounting professionals.

Objectives

Identify common methods of manipulating revenue and earnings in financial statements. Recognize indicators of inflating earnings with non-recurring items and overstating deferred revenue. Distinguish between legitimate and fraudulent journal entries. Recognize indicators of backdating transactions and how they can impact financial reporting. Identify fraudulent activities that involve understating expenses and liabilities in financial statements. Recognize common schemes for misclassifying financial statement items and manipulating reserves. Distinguish between legitimate and fraudulent lease classifications under accounting standards, and more.

Preparation

None.

Notice

None.