This course covers fraudulent activities involving asset and equity mismanagement, as well as deceptive reporting practices. It highlights how companies may misstate asset values, manipulate equity, and misreport financial disclosures to mislead stakeholders. By learning to recognize these schemes, auditors can enhance their ability to detect fraud and ensure greater transparency and trust in financial statements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify fraud schemes that involve overstating assets and manipulating equity
Recognize fraud indicators related to depreciation, amortization, and stock option accounting
Differentiate between legitimate and fraudulent related party transactions
Identify indicators of misleading disclosures and misreporting of foreign currencytransactions
Recognize red flags indicating failure to disclose contingent liabilities
Distinguish between legitimate and fraudulent consolidation practices
Major Topics
Asset and Equity Mismanagement
Manipulating Depreciation or Amortization Schedules
Related Party Transaction Fraud
Creating Shell Companies for Fraudulent Transactions
Manipulating Stock Option Accounting
Failure to Consolidate Related Entities
Failure to Disclose Contingent Liabilities
Misreporting Foreign Currency Gains or Losses
Misleading Disclosures
Best Practices for Ethical Financial Reporting
