This course provides an overview of common fraudulent practices aimed at inflating revenue and earnings, as well as manipulating expenses. It examines the tactics used by some companies to misstate revenue, manage earnings artificially, and underreport or misclassify expenses. Understanding these fraudulent schemes allows auditors to better identify signs of manipulation.
Course Publication Date:
April 08, 2025
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
$20.00!
| Author: | Kelen Camehl |
| Course No: | AUD-FSFREV-29005 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Auditing
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Learning Objectives
- Identify common methods of manipulating revenue and earnings in financial statements.
- Recognize indicators of inflating earnings with non-recurring items and overstating deferred revenue.
- Distinguish between legitimate and fraudulent journal entries.
- Recognize indicators of backdating transactions and how they can impact financial reporting.
- Identify fraudulent activities that involve understating expenses and liabilities in financial statements.
- Recognize common schemes for misclassifying financial statement items and manipulating reserves.
- Distinguish between legitimate and fraudulent lease classifications under accounting standards.