2020 Fraud Review (Currently Unavailable)

Author: Robert K Minniti

CPE Credit:  4 hours for CPAs

One of the main reasons CPAs and other accountants often fail to detect fraud is that they are too honest. They find it difficult to think like a criminal. This course is designed for individuals who would like to refresh their understanding of fraud schemes and to learn how to recognize the red flags for detecting fraud. Understanding how criminals commit fraud is the first step in preventing fraud.

Publication Date: February 2020

Designed For
CPAs, CFEs, and others in the accounting field and is appropriate to fulfill the 4 hour fraud requirement for California CPAs.

Topics Covered

  • Definition of Fraud
  • Fraud Research
  • Occupational Frauds
  • Non‐Occupational Frauds
  • Small Business Fraud Risks
  • Government Fraud Risks
  • Not‐For‐Profit Fraud Risks
  • Red Flags for Fraud
  • Common Fraud Schemes
  • Consequences of Committing Fraud

Learning Objectives

  • Identify red flags for fraud
  • Recognize fraud schemes that affect businesses and individuals
  • Describe the three steps of money laundering
  • Identify types of inventory fraud
  • Recognize types of cyber fraud involves using stolen user IDs and passwords to try to access multiple IT systems
  • Differentiate types of frauds and what is involved
  • Describe the Social Learning Theory and who developed it
  • Recognize the most common concealment method used by fraudsters
  • Describe examples of corruption
  • Identify examples of expense reimbursement fraud


Instructional Method

NASBA Field of Study
Accounting (4 hours)

Program Prerequisites

Advance Preparation

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