Detecting Financial Statement Fraud: Asset, Equity, and Reporting Mismanagement - 2025 (Text Based)

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.

Learning Objectives:

1. Recognize common fraudulent practices involving asset mismanagement, equity manipulation, and deceptive reporting
2. Identify red flags and indicators of misstatements in assets, equity, and financial disclosures
3. Apply auditing techniques to detect fraud and promote transparency in financial reporting

Instructional Method: Self-Study

Review Date: 08/16/2025

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: Basic

NASBA Category: Auditing

Recommended CPE:  2

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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.