Dates & Locations
F 12/9/11 Woodland Hills
F 2/10/12 Costa Mesa
Classes meet
9:00am-5:00pm
taught by
Mark Dauberman
Only $258!
Lunch is included with 8-hour classes
8 CPE Hours
Overview
No Prerequisites
No Advance Preparation
(NASBA: AC, FR)
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All of us are affected by fraud, whether we are victims personally, if the businesses we work for are defrauded, and even as a result of the effects on the economy when it happens to others. The accounting profession is inextricably connected to fraud as almost every significant change to the profession has resulted from some significant fraud scheme. In our profession, we have to deal with fraud from three different points of view:
First, we, like our clients, operate our practices as businesses. We hire employees; deal with suppliers, landlords, and customers; and rely on the performance of products and services we acquire. We are just as susceptible to being the victim of fraud as is any business.
In addition, regardless of the level and type of service we are performing for our client, we are often associated with financial information that will be used by some party other than, or in addition to, our client. Depending on the client's goals in relation to that third party, our client may deceive us, causing us to be associated with fraudulently misstated information.
Finally, our clients may be victimized by their employees, suppliers, or customers. Regardless of the type and level of service we are performing, but particularly when we are associated with a client's financial statements, many clients believe that it is our responsibility to uncover such fraud. The majority of lawsuits against CPAs are brought by their clients and it is not uncommon for a client who has been the victim of employee fraud to sue his or her accountant for not detecting it.
This program is broken into three components:
Fraud fundamentals
- Profiles of fraud perpetrators
- Common fraud schemes
- Conditions under which fraud is committed
Fraud prevention
- Understanding internal controls as they relate to fraud
- Developing control activities that are potentially effective for the prevention of fraud
- Approaches to understanding an entity's controls for audit purposes or for the purpose of developing internal controls
Fraud detection
- The use of analytical procedures as an effective detection tool
- Identifying the risk of material misstatement due to fraud at the financial statement and relevant assertion level
- Design audit programs to increase effectiveness and efficiency and to link audit effort to identified risks
This course is designed for all members of the accounting profession, whether in the capacity of an independent accountant or an internal, and regardless of level, from staff accountant to engagement partner or chief financial officer. It will provide attendees with tools useful for both the prevention and detection of fraud.
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Financial Education Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website