"Most interesting class I've ever been to!"
- Michele McKinley, Martin Werbelow
Several types of fraud leave no paper trail yet can destroy the credibility of a financial statement. Many are committed by the senior executives or owners while avoiding the internal controls and audit scope. If the company becomes unstable, the accountants will be blamed for failing to detect this financial erosion when issuing the financial statement. This course uses real life situations and examples from privately owned as well as publicly held companies. It will teach how each fraud works, how to detect each one, how each gets exposed before detection, and what can be done to protect yourself and your license. Participants may discuss their own experiences in this seminar.
Types of Financial Statement fraud:
- “Two sets of books”: Who is really being cheated?
- Skimming: Taking revenue before it is recorded.
- Income Diversion: Unseen revenue off the books.
- Corruption: Abuse of position for personal gain.
- Bribery: A cost of doing business? Or, endangering the life of the businesses?
- Money Laundering: Financial “hide and go seek”.
In this class you will:
- Learn to detect their signals and clues.
- Recognize the cover-ups.
- Understand the structures of these transactions.
- Learn forensic techniques to expose and stop these types of fraud.
- Learn how to approach your client when your client may be the perpetrator.
Cases and examples come from unreported fraud as well as publicly exposed ones.
Dates & Locations
