Koss Corporation – A Case Study in Fraud
This video uses a case study of embezzlement and financial statement fraud at a small public company to demonstrate the importance of internal controls, management oversight by the board of directors and an organizational emphasis on ethics in the prevention of fraud. It also examines the CPA auditor’s responsibility for internal controls and the prevention and detection of fraud as part of its work. The company that the case study utilizes is Koss Corporation.

Course Publication Date: June 22, 2020

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $10.00!

Author:Mill Creek Publishing
Course No:AUD-FRAUDG-2970
Recommended CPE:1.00
Delivery Method:QAS Self Study
Level of Knowledge:Basic
Advanced Preparation:None
Recommended Field of Study:Auditing
Learning Objectives
  • Recognize the SEC rules regarding smaller reporting entities
  • Recognize the auditor responsibility for client internal controls
  • Identify the Koss Corp. embezzlement and financial statement fraud with inadequate internal controls

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423


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