Analyzing Financial Information to Reduce Fraud, Waste, and Abuse

Course Details

Course Name: Analyzing Financial Information to Reduce Fraud, Waste, and Abuse

CPE Credits: 8

Type: Online/Video

Exam: Passing grade (70%)

Price: ~~$120~~ $108

Description:

As our stagnant economy lingers, auditors, accountants and managers are experiencing more pressure (and opportunities) to improve net income by reducing costs. However, fraud, waste, and abuse can have a negative impact on net income. This seminar will take a fresh look at how to evaluate existing financial and operating data to identify and eliminate unnecessary and inappropriate expenses and reduce the risk of fraud. Participants will examine accounting information on a disaggregated (below the surface) basis to perform the necessary analytics. The primary focus of this seminar is to reduce the incidents of fraud, waste, and abuse and detect the breakdowns within the internal control system.

Topics:

Course overview – Part 1

Course overview – Part 2

Course overview – Part 3

The fraud triangle

Behavioral red flags and fraud in the workplace

Three types of fraud and financial reporting fraud – Part 1

Financial reporting fraud – Part 2

Analytical symptoms of revenue – related and inventory – related fraud

Techniques for asset overstatement fraud and understatement of liabilities and expenses

Review financial reporting fraud questions #1 and 2

Review financial reporting fraud questions #3 and 4