Highlights
• Major financial statement frauds, including sales and other types of revenue, estimates, earnings management and cut-off
• Major misappropriation of asset fraud schemes, including skimming, larceny, and additional schemes that occur in inventory, payables and other accounts
• Review of cases involving common fraud schemes (New cases will be discussed in 2024)
Objectives
• Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts
• Distinguish suspicious journal entries
• Recognize the red flags associated with fraud schemes concerning revenue, inventory, asset overstatements, estimates, and other accounts
• Apply analytical procedures to detect various types of fraud
• Compare particular fraud schemes to landmark cases