Financial Statement Shenanigans

Overview

Description:
Senior management yearns to report positive news and impressive financial results that will please investors, bankers and drive value higher. While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether in order to portray their financial results in a misleading way.

This session will discuss some common financial statement shenanigans to help prevent them from fooling you.

Learning Objectives:
After attending this presentation you will be able to...

• Identify common ways that financial statement fraud fools users
• Prevent financial fraud from fooling you

Program Content:

• Factors that cause people to commit financial statement fraud
• The seven most common ways of "cooking the books"
• Specific corporate scandals which highlight "financial shenanigans"
• Increasing your awareness of possible techniques to detect financial statement irregularities and potential fraud

Who should attend: Corporate financial managers and public practice CPAs

Developed By: Executive Education, Inc

Instructor: Jay Giannantonio

CPE Credit: 2

Field of Study: Auditing (2 CPE)

Prerequisites: Some audit experience is helpful, but not required

Advanced Preparation: None

Format: QAS Self Study

Highlights

• Factors that cause people to commit financial statement fraud
• The seven most common ways of "cooking the books"
• Specific corporate scandals which highlight "financial shenanigans"
• Increasing your awareness of possible techniques to detect financial statement irregularities and potential fraud

Prerequisites

Some audit experience is helpful, but not required

Designed For

Corporate financial managers and public practice CPAs

Objectives

• Identify common ways that financial statement fraud fools users
• Prevent financial fraud from fooling you

Preparation

None