CPE & Event Catalog

Benford's law overview. History of Benford's law. Using statistics to interpret results. Benford's law example with manipulated data. Using Excel to identify subsets of data for further analysis. Advantages of Benford's law. When to use Benford's law. Benford's law used with world populations. Benford's law summary.

Fraud. Fraud and theft schemes. Financial statement fraud. Fraud policies and controls. Fraud detection. Fraud investigation. Investigation of concealment and conversion. Fraud interviewing techniques. Fraud report. Legal aspects of fraud.

Introduction to fraud. Who commits fraud and why. Fraud prevention: pressures and rationalizations. Fraud prevention: opportunities. Fraud detection. Fraud investigation and audit. Review of auditor's responsibility with respect to fraud.

Explain the expectation gap with financial statement users regarding the auditor's responsibilities for preventing and detecting fraud. Fraud inquiries and engagement team discussion points. Identifying and responding to fraud risk on an audit. Testing journal entries and other tests for management override. Required fraud and noncompliance communications by various auditing.

Fraud schemes by employees. Financial statement fraud schemes. Fraud schemes by outsiders.

Employee fraud schemes. Financial statement fraud schemes. Outsider fraud schemes.

Real-life and practical examples of fraud in smaller and mid-size environments, including nonprofits.

Fraud in government. Impact if the fraud triangle. Payroll fraud. Procurement fraud. Travel and entertainment expense reimbursement fraud. No-show fraud. Financial statement fraud. Social security fraud. Medicare and Medicaid fraud. Unemployment program fraud.

Information-based schemes. Trade-based schemes. Action-based schemes. Closing price manipulation schemes. Spoofing-based fraud. Cornering schemes. Misleading customers schemes. Fraud in specific financial markets. The impact of regulation.

How many corporations, companies, and not-for-profit organizations have committed fraud? Responsibility for detecting fraud. Studying fraud cases. Evolution of fraud audit standards. Definition of fraud. Types of fraud. The 3 characteristics of fraud.

Full disclosure principle. Accounting policies. Subsequent events. Common disclosures. Summary of significant accounting policies. Unconditional purchase contract obligations. Segmental reporting. Related parties. Risks and uncertainties. Accounting changes and error corrections. Interim financial reporting.

Audit strategies. Auditing cash. Auditing accounts receivable. Auditing inventories. Auditing investments. Auditing fixed assets. Auditing goodwill and intangibles. Auditing accounts payable and accrued expenses. Auditing income taxes. Auditing revenues. Auditing payroll and operating expenses.

The foundation of the accounts payable function. Master vendor file: where the process should begin. Invoice processing. Checks: the original payment vehicle. Corporate procurement cards: streamlining the payment process for small purchases. Electronic payments: the most efficient payment process, and more.

Economic pandemonium. Organizational ability to deal with enterprise risk compromised. Staff expectations and capabilities. Ineffective business principles.

Future of interest rates. Future of the dollar as world currency. Fate of the states.

Presentation of financial statements. Balance sheet. Comprehensive income. Income statement. Statement of cash flows. Notes to financial statements. Accounting changes and error corrections. Changing prices. Earnings per share, and more.

Inputs, processes, and outputs. Recognizing assets acquired and liabilities assumed. Contingent consideration. Measurement periods and adjustments during the measurement period. Definition of customer. Combination of contracts. Performance obligations. Input and output methods, and more.

Cost principles for federal grants. Allowable costs. Arms-length transactions. Allocability. Charges relate to benefits. Allocable costs. Consistent treatment. Inconsistent treatment of unemployment insurance taxes. Adequate documentation.

Rules regarding allowable costs. Cost principles for federal grants. General cost principles. Allowable costs. Reasonable and necessary costs. Allocability. Allocable costs. Shared organizational costs. Consistent treatment.

General standards AR-C Section 60. Engagement principles under SSARS. Definitions and requirements. Client relationships and engagements.