Madoff Investment Securities’ Auditor- Audio

Price: $11.25

CPE Credits: 1.0

Category: ,

Course Number: PCEMCMAD/PEMADOMC

madoff ponzi scheme

Description:
This course is an audio file. It is considered self-study. PowerPoint slides  and a copy of the exam are also included.  Bernard Madoff Investment Securities LLC was the source of the largest financial fraud in US history. Madoff perpetrated a simple Ponzi scheme whereby older investors were paid with newer investor funds, thus providing the impression of actual investment returns. The extent of the losses related to Madoff’s Ponzi scheme have been estimated at $50 – $65 billion.
Many are astounded to hear that Bernard Madoff Investment Securities LLC was audited by a CPA. Unfortunately, Madoff’s CPA apparently did not subscribe to the AICPA Code of Conduct as most of the rules contained in the code were ignored. What follows is a case study examining the conduct of Friehling & Horowitz CPA’s P.C., the CPA firm that audited Bernard Madoff Investment Securities LLC, within the context of the AICPA Code of Professional Conduct.

Delivery Method: QAS Self-Study – Audio
Level: Overview.

Prerequisites: None

Advanced Preparation: None

Instructor: Joseph Helstrom, CPA

Format: MP3 file

Passing Grade: 70% or higher

Exam Policies: Exams may be retaken. You have one year from date of purchase to complete and pass the course

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

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

  •  Describe the AICPA’s Code of  Professional Conduct

Description:
This course is an audio file. It is considered self-study. PowerPoint slides  and a copy of the exam are also included.  Bernard Madoff Investment Securities LLC was the source of the largest financial fraud in US history. Madoff perpetrated a simple Ponzi scheme whereby older investors were paid with newer investor funds, thus providing the impression of actual investment returns. The extent of the losses related to Madoff’s Ponzi scheme have been estimated at $50 – $65 billion.
Many are astounded to hear that Bernard Madoff Investment Securities LLC was audited by a CPA. Unfortunately, Madoff’s CPA apparently did not subscribe to the AICPA Code of Conduct as most of the rules contained in the code were ignored. What follows is a case study examining the conduct of Friehling & Horowitz CPA’s P.C., the CPA firm that audited Bernard Madoff Investment Securities LLC, within the context of the AICPA Code of Professional Conduct.

Delivery Method: QAS Self-Study – Audio
Level: Overview.

Prerequisites: None

Advanced Preparation: None

Instructor: Joseph Helstrom, CPA

Format: MP3 file

Passing Grade: 70% or higher

Exam Policies: Exams may be retaken. You have one year from date of purchase to complete and pass the course

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

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

  •  Describe the AICPA’s Code of  Professional Conduct
  • Your ethics course was the most interesting and clear course I have taken. I usually dread the years it is required but this year was a pleasant surprise.

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  • “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