Types of Financial Statement Fraud - Key Schemes and How They Are Carried Out - 2025 (Text Based)

This course provides an overview of the various forms of financial fraud and manipulation that can distort financial statements and mislead stakeholders. It addresses tactics used by some companies to artificially inflate revenue, understate liabilities, mismanage assets, and misreport disclosures. By understanding these fraudulent practices, auditors can better identify these types of frauds and ensure more accurate and transparent financial reporting for stakeholders.

Learning Objectives:

1. Analyze tactics companies may use to inflate revenue, understate liabilities, mismanage assets, or misreport disclosures
2. Evaluate the impact of fraudulent reporting on stakeholders and overall financial transparency
3. Apply auditing techniques to recognize red flags and indicators of financial misstatement
4. Develop strategies to enhance detection and prevention of financial fraud in auditing practice

Instructional Method: Self-Study

Review Date: 07/24/2025

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:  4

For more information regarding administrative policies such as refunds, cancellations, and complaints, please contact FurtherEd at (912) 666-6282.

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.