Fraud Schemes

Price: $29.85

CPE Credits: 3.0

Category:

Course Number: AAFSMESB

fraud schemes

Description:The Fraud Schemes course describes the different types of fraud schemes that may be perpetrated against a business. These schemes are broken down into schemes by employees, financial statement fraud, and schemes by outsiders. Accompanying the descriptions of fraud schemes are discussions about how to minimize the effects of fraud on a business. Table of Contents Delivery Method: Online QAS Self Study. Level: Overview. Prerequisites: None Advanced Preparation: None

Author: Steven Bragg, CPA Publication: October 2017 Format: PDF Pages: 58 Passing Grade: 70% Exam Policies: Exam may be retaken. Course must be completed within one year of purchase. CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the characteristics of each type of employee fraud scheme.
  • Recognize the methods used by employees to falsify their expense reports.
  • Recognize the techniques used to artificially assist suppliers in winning bids.
  • Note how a payables clerk can obtain a valid signature on a check intended for personal use.
  • Describe how stock option backdating can benefit employees.
  • Identify the tools available to a management team that wants to inflate sales.
  • Note how the reported asset balances in the balance sheet can be artificially altered.
  • Point out the circumstances in which a management team is more tempted to set up a large loss reserve.
  • Recognize the methods available for using fixed assets to alter reported expense levels.
  • Identify the methods available for falsely reducing reported liability levels.
  • Describe the reasons why cash flows may be mis-reported.
  • Note the possible indicators of application fraud.
  • Describe the controls that can be used to mitigate the effects of outsider fraud schemes.
  • Cite the underlying mechanics of a bust-out scam.
  • Point out the indicators of a possible money laundering scheme.

   

Overall course rating: 5:  Caroline W. 12/26 5 Star CPE Rating

Description:The Fraud Schemes course describes the different types of fraud schemes that may be perpetrated against a business. These schemes are broken down into schemes by employees, financial statement fraud, and schemes by outsiders. Accompanying the descriptions of fraud schemes are discussions about how to minimize the effects of fraud on a business. Table of Contents Delivery Method: Online QAS Self Study. Level: Overview. Prerequisites: None Advanced Preparation: None

Author: Steven Bragg, CPA Publication: October 2017 Format: PDF Pages: 58 Passing Grade: 70% Exam Policies: Exam may be retaken. Course must be completed within one year of purchase. CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the characteristics of each type of employee fraud scheme.
  • Recognize the methods used by employees to falsify their expense reports.
  • Recognize the techniques used to artificially assist suppliers in winning bids.
  • Note how a payables clerk can obtain a valid signature on a check intended for personal use.
  • Describe how stock option backdating can benefit employees.
  • Identify the tools available to a management team that wants to inflate sales.
  • Note how the reported asset balances in the balance sheet can be artificially altered.
  • Point out the circumstances in which a management team is more tempted to set up a large loss reserve.
  • Recognize the methods available for using fixed assets to alter reported expense levels.
  • Identify the methods available for falsely reducing reported liability levels.
  • Describe the reasons why cash flows may be mis-reported.
  • Note the possible indicators of application fraud.
  • Describe the controls that can be used to mitigate the effects of outsider fraud schemes.
  • Cite the underlying mechanics of a bust-out scam.
  • Point out the indicators of a possible money laundering scheme.

   

Overall course rating: 5:  Caroline W. 12/26 5 Star CPE Rating

  • “Thank you for a high quality CPE resource. As a CPA in a small nonprofit, I find your library quite helpful to meet my needs. I appreciate the service.”- 

    - Cheryl

  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

    - California Ethics Course

  • “It is rare that i can actually say that I enjoyed a CPE course but I found this one informative and very interesting, relying more on the author’s examples and not just quoting tax code!  [Healthcare Reform: The affordable Care Act Tax Provisions]

    - Thomas