- NY Credits : 4.0
- TX Credits : 4.0
It will come as no surprise to anyone that confidence in corporate America has been shaken by a series of accounting scandals. The scandals of Enron and Parmalat and others have heightened sensitivities over the role structured financing has played in questionable accounting practices. As business combinations have become more complicated and reports of accounting scandal and fraud become more prevalent, other authorities have intervened. In this program, we will focus on basic elements of fraud, evaluating the risks of fraud and discussing ways to implement the processes, procedures, and controls needed to mitigate such risks.
This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
explain the concept of fraud,
identify the fundamental elements to prevent, deter, and detect fraud,
identify why small businesses are vulnerable to various types of fraud, and
explain the auditor's responsibility concerning fraud in a financial statement audit.