The Detection and Prevention of Fraud in Financial Statements
CPE 8 | Auditing | Self Study

The Detection and Prevention of Fraud in Financial Statements 

Course Description: 
As the primary agency investigating corporate fraud, the FBI has focused its efforts on cases which involve accounting schemes, self-dealing by corporate employees, and obstruction of justice to conceal fraudulent activities from criminal and regulatory authorities.
According to the Federal Bureau of Investigation (FBI) “white collar” crime, which this course will refer to as corporate fraud is:
“Those illegal acts which are characterized by deceit, concealment, or violation of trust and which are not dependent upon the application or threat of physical force or violence. These acts are committed by individuals and organizations to obtain money or services; or to secure personal or business advantage.”
This course will begin by reviewing the efforts made by several federal corporate crime busting governmental bodies within the United States to prevent fraud. In addition you will be provided with some statistics regarding corporate fraud.
Next, you will be introduced to some of the common characteristics of individuals who are most likely to commit fraud and some steps that you can take to identify them.
Subsequently this course will identify the most frequently occurring types of corporate fraud and point out some processes and procedures which can be put into place in order to prevent these types of fraud from taking place.
Finally, you will be provided with several case studies which will include the type of fraud which was committed and the punishment for the act.