Audit Fraud Detection: Red Flags and Risk Areas in Financial Reporting ON DEMAND

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.