Audit Fraud Detection: Red Flags and Risk Areas in Financial Reporting ON DEMAND
Available Until
Your Desk
8.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
This auditing CPE course equips auditors with the knowledge to identify key red flags and potential fraud in financial reporting. It explores risks related to revenue recognition, internal controls, and compliance, helping auditors spot warning signs of misstatements, weak controls, and suspicious audit evidence. The auditing CPE course also covers various forms of financial fraud, including tactics used to inflate revenue, understate liabilities, mismanage assets, and misreport disclosures.
Highlights
Red flags in financial and revenue reporting. Financial statement irregularities. Key financial ratios and benchmarks. Unusual accounting practices. Using analytics and trend analysis. Revenue recognition red flags.
Prerequisites
None.
Designed For
Auditors, CPAs, CEOs, and other accounting professionals.
Objectives
Identify red flags in financial statements that suggest potential misstatements or fraud. Recognize common issues in revenue recognition practices that could indicate improper reporting. Distinguish between normal financial reporting practices and warning signs of manipulation. Recognize behavioral red flags that may indicate fraudulent or unethical conduct. Identify management-related risks in estimates and representations that could affect audit outcomes, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $113.00
Member Price $98.00