Fraud involves an intentional act to deceive, which may result in material misstatement in the financial statements due to fraudulent financial reporting or misappropriation of assets. Management's responsibility is to design, implement, maintain and monitor a system of internal control to prevent, or detect and correct, fraud. This fraud CPE course will focus on real-life and practical examples of fraud in smaller- and mid-size environments, including nonprofits.
Learning Objectives
Upon completion of this course, participants will be able to:
Recall the cause and impact on real-life fraud cases
Explain what to be alert for in an audit in order to identify fraud potential
