Koss Corporation – Case Study in Fraud- Video

Price: $14.99

CPE Credits: 1.0

Category: , ,

Course Number: VAUKOSMC

Koss fraud case - Fraud CPE

Description:
Koss Corporation –This case study examines a $34 million embezzlement that grew over the span of 10 years at a small public company with revenues of approximately $40 million.  It is the story of a shopaholic VP of Finance, ineffective internal controls, collusion to conceal a massive theft, and lots and lots of luxury item purchases.  The embezzlement and the related financial statement fraud to conceal it, the internal controls (or lack of them), the role of Sarbanes-Oxley and the audit firm are all discussed.

Delivery Method: Online QAS Self -Study

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Insructor: Joseph Helstrom, CPA

Format: Video (MP4)

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA Registry #109234,  Click here to view specific state approvals.

By the end of the course participants should be able to:
Recognize the SEC rules regarding smaller reporting entities
• Define the auditor responsibility for client internal controls
• Associate the Koss Corp. embezzlement and financial statement fraud with inadequate internal controls

“This is a compelling case for internal controls for smaller public entities.” Overall Course Rating: 5 – Caroline W. 12/31/2017
5 Star CPE Rating

Description:
Koss Corporation –This case study examines a $34 million embezzlement that grew over the span of 10 years at a small public company with revenues of approximately $40 million.  It is the story of a shopaholic VP of Finance, ineffective internal controls, collusion to conceal a massive theft, and lots and lots of luxury item purchases.  The embezzlement and the related financial statement fraud to conceal it, the internal controls (or lack of them), the role of Sarbanes-Oxley and the audit firm are all discussed.

Delivery Method: Online QAS Self -Study

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Insructor: Joseph Helstrom, CPA

Format: Video (MP4)

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA Registry #109234,  Click here to view specific state approvals.

By the end of the course participants should be able to:
Recognize the SEC rules regarding smaller reporting entities
• Define the auditor responsibility for client internal controls
• Associate the Koss Corp. embezzlement and financial statement fraud with inadequate internal controls

“This is a compelling case for internal controls for smaller public entities.” Overall Course Rating: 5 – Caroline W. 12/31/2017
5 Star CPE Rating

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