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How to Detect and Prevent Financial Statement Fraud
How to Detect and Prevent Financial Statement Fraud Author:Association of Certified Fraud Examiners According to the book Corporate Fraud Handbook by Joseph T. Wells, the average financial statement fraud scheme results in a $5 million overstatement of assets or revenues and understatement of liabilities or expenses of a company. The infamous fraud involving the "Crazy Eddie" chain of electronics stores in New York was no exception. Sam... more » Antar was one of the masterminds behind this multi-million dollar fraud. In How to Detect and Prevent Financial Statement Fraud's compelling video course, you will hear Antar describe a frenetic world of flamboyant pitchmen, manipulated competitors, bait-and-switch schemes, and inventory fraud.
The workbook contains in-depth information about financial statement fraud, as well as interactive, practical problems and case studies, is also included in this course. In fact, Antar assisted the ACFE by providing an analysis of the actual Crazy Eddie financial statements and why the auditors should have spotted the red flags present. Using the analytical techniques described in the workbook, you will be asked to examine the financials to try and detect red flags of fraud. You can then evaluate your detective skills by learning exactly what parts of the financials were fraudulent and how they could have been discovered. By learning from the experts - including one criminal mind - you will increase your ability to detect and prevent financial statement fraud.
The key elements of How to Detect and Prevent Financial Statement Fraud include:
- Fraud detection responsibilities of management and auditors