Mobile Edition

The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them (AITMCF01)

Date:Thursday, April 5, 2018
Time:9:00 AM - 12:59PM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Course Level:Intermediate
Early Bird Price:$159.00 FICPA Members, $199.00 Non-Members


Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material fraud schemes continue to succeed? This webcast provides descriptions of how the most common types of financial statement and misappropriation of asset fraud schemes are detected. Cost-effective internal controls which can be implemented to prevent these schemes are provided in the webcast along with classic and contemporary real-world fraud cases reviewed in detail to reinforce how these schemes are perpetrated due to internal control failures and other factors. Red flags that might possibly be indicative of these fraud schemes are addressed.


When you complete this webcast, you will be able to:

 Identify the schemes used to misstate revenue, inventory, asset overstatements, estimates, and other accounts.

Distinguish suspicious journal entries.

 Determine the red flags associated with fraud schemes concerning revenue, inventory, asset overstatements, estimates, and other accounts.

Apply analytical procedures to detect various types of fraud.

Compare particular fraud schemes to landmark cases.

Major Topics:


Major financial statement frauds including, among others, sales and other types of revenue, estimates, journal entries and other accounts

Major misappropriation of asset fraud schemes including skimming, larceny, and additional schemes that occur in inventory, payables and other accounts

Review of landmark cases where the fraud scheme(s) occurred: WorldCom, Phar-Mor, McKesson and Robbins, Waste Management, MiniScribe, Stew Leonard and others

Who Should Attend:
Business owners, managers, supervisors, employees, accountants and auditors

Experience in accounting and reporting


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.