Cases in Financial Statement Fraud and Auditor Deception - 2024 (Text Based)

This course uses cases of three recent accounting frauds 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 case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods.

Learning Objectives:

1. Recognize the auditor responsibility for internal controls and fraud detection as part of its audit
2. Associate fraud with inadequate internal controls
3. Recognize the importance of independent board of director and audit committee oversight in the prevention of fraud

Instructional Method: Self-Study

Review Date: 8/30/2024

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of the date of receipt of this course for CPE Credit

Prerequisites: None

Level: Beginner

NASBA Category: Auditing

Recommended CPE: 1

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FurtherEd 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.