- NY Credits : 4.0
- TX Credits : 4.0
Fraud 101 - Fraudulent Financial Reporting
The CPA profession has celebrated more than a century of service to the business and investing community. The accounting profession, for the most part, has been allowed to operate in a self-regulated environment. A significant part of that self-regulation is that the accounting profession is responsible for establishing the accounting standards by which financial statements are to be prepared, and the auditing and other attest standards that CPAs follow in providing assurance on those financial statements. This program will focus on fraudulent financial reporting.
Upon successful completion of Fraud 101 - Fraudulent Financial Reporting, the user should be able to:
recognize the key concepts and definition of fraud,
identify differences between civil and criminal life in relation to fraud,
recognize fraudulent financial reporting, and
recognize the auditor's responsibility concerning fraud in a financial statement audit.