When an economy turns down, a sector bursts a bubble or political situations cause financial chaos, the sick and the weak companies become exposed. Strong economies or inflated Financial Statements enable a cover-up to deceive lenders, investors and many others who rely on reports prepared by accountants. When things go bad, the senior executives soon accuse the accountants for issuing such false reports.
These types of deceptions are primarily committed by a senior executive or owner seeking to survive, one way or another. Whether their career’s survival or the company’s survival is the issue, deceptive activities often become a strong consideration. These situations include both publicly-traded as well as privately-held companies.
During this course, you will learn:
- what types of fraud become uncovered by a downturn
- what types of activities occur as perceived corrective measures
- how to recognize the cover-ups created and to conceal such activities
- how to recognize subtle and direct manipulation tactics used by the client
- the position of the CFO in deception
- how to approach your client when your client is suspected to be the perpetrator.
- how to protect your practice and your license
Companies discussed are manufacturers, retailers, wholesalers, service companies and real estate related companies.
Cases and examples come from unreported fraud as well as publicly exposed ones.
Dates & Locations
