Fraud Case Studies: Professional Misbehavior in the 21st Century

Overview

Savvy accountants pay attention to fraud trends so they can implement preventive and/or detective controls. This course examines novel frauds to explore potential mitigation measures. Participants will see how selected frauds were accomplished so they can consider internal controls that could have foiled the fraudsters' nefarious efforts. We examine broad ethical considerations and specific provisions of the AICPA Code of Professional Conduct. Along the way, we consider dramatic details of several fraud cases to illustrate practical applications that accountants can apply in their professional endeavors.

Highlights

• AICPA Code of Professional Conduct
• Understand factors that allowed selected frauds to occur
• Recognize controls that may have prevented or mitigated selected frauds
• Consider application of these lessons to circumstances you encounter in your professional endeavors
• Apply ethical guidance to scenarios that accounting professionals may encounter in public practice

Prerequisites

None

Designed For

CPAs in public practice or members in industry seeking a current financial accounting and reporting updates with particular emphasis on closely held reporting entities

Objectives

• Salient provisions the AICPA Code of Professional Conduct
• Examination of actual frauds
• Discussion of internal controls that could have prevented or mitigated actual frauds
• Contemplation of epiphanies for your own professional scenarios
• Implications for professional conduct and compliance with professional standards

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.