Unraveling Fraud Risks in Financial Statements - 2025 (Text Based)

This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management's role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud. This course emphasizes fraud prevention, detection, and the importance of ethical decision-making in upholding financial integrity. 

Learning Objectives:

1. Recognize the conditions that enable fraud, including incentive, opportunity, and rationalization

2. Identify fraudulent activities such as fraudulent financial reporting and misappropriation of assets

3. Distinguish between the behavioral and cultural drivers that contribute to fraudulent actions

4. Recall the ethical and legal responsibilities of auditors when addressing fraud risks

5. Determine how management override of controls creates opportunities for fraud

Instructional Method: Self-Study

Review Date: 2/24/2025

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: Beginner

NASBA Category: Auditing

Recommended CPE:  1

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.