CPE & Event Catalog

Reasons for financial statement analysis. Analyzing financial statements. Users of financial statements. Analyzing financial statements. Concerns of users of financial statements. Types of financial statement analysis. Gross profit analysis. Steps to break-even analysis. Horizontal & vertical analysis. Ratio analysis. The overall cash flow pipeline. Measures of earnings quality. Reasonableness of earnings relationship to cash flow.

Fixed asset classification. Capital budgeting fixed assets. Fixed asset recognition. Asset retirement obligations. Fixed asset depreciation. Fixed asset disclosures. Fixed asset record keeping. Fixed asset audit procedures.

The fixed asset register. Ghost assets. Zombie assets. The depreciation problem. Laptop computer controls. Reducing the cost of fixed asset controls.

Fraud focus case: FTX. The company. The fraud. Nature of fraud. The collapse. Arrest. Bankruptcy and investigation. The auditors. Fallout.

Objectives of forensic accounting. Engagement planning. Evidence gathering. Analysis and examination. Bradford's law analysis. Reporting and documentation. Litigation support and follow-up.

Forensic analytics. Forensic analytics steps. Excel data importing and scrubbing. Excel forensic analysis techniques. Supplier-specific analytics.

Breakdown of financial statements. Balance sheet. Key accounting policies and estimates. Understanding footnote disclosures.

Introduction to SEC form 10-K requirements. Overview of sec form 10-K. Key regulatory requirements. SEC review process.

Purpose and importance of MD&A. SEC requirements related to MD&A. SEC's watchful eye on MD&A.

Internal control over financial reporting. Risk factors. Regulatory guidance. Best practices for risk factors. Internal control over financial reporting. Executive compensation. Corporate governance disclosures.

Who is Form 4797 used by. How is Form 4797 used to report.

Basics of gifts. Installment sales. Form 8594.

The franchising process. Fees associated with a franchise agreement. Franchisor accounting issues. Franchisee accounting issues. Contract-related costs. Franchisor revenue recognition. Franchisee revenue recognition.

Fraud triggers. Fraud symptoms. Data analysis. Data analysis techniques. Benford's law. Ease of detection. Cost-effectiveness of investigation. Investigation labor.

Fraud audit techniques using Excel. Excel arrays. Excel text functions. Benford's law.

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.

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.

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