This course covers fraudulent activities involving asset and equity mismanagement, as well as deceptive reporting practices. It highlights how companies may misstate asset values, manipulate equity, and misreport financial disclosures to mislead stakeholders. By learning to recognize these schemes, auditors can enhance their ability to detect fraud and ensure greater transparency and trust in financial statements.
Course Publication Date:
April 09, 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-FSFASSET-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 fraud schemes that involve overstating assets and manipulating equity.
- Recognize fraud indicators related to depreciation, amortization, and stock option accounting.
- Differentiate between legitimate and fraudulent related party transactions.
- Identify indicators of misleading disclosures and misreporting of foreign currency transactions.
- Recognize red flags indicating failure to disclose contingent liabilities.
- Distinguish between legitimate and fraudulent consolidation practices.