2024 Fraud Review
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. This course is updated to review frauds within the last year and to meet the requirements for California’s 4-hour fraud requirement.
Publication Date: June 2024
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
- Fraud Theories
- Fraud Statistics
- Reporting Fraud
- Fraud in the News
- Financial Statement Frauds
- Asset Misappropriation
- Counterfeit Currency
- Inventory Frauds
- Cash & Credit Card Frauds
- Payroll Frauds
- Tax Frauds
- Bid Rigging
- Phishing, Vishing & Smishing
- Cyber Frauds
- Data Breaches
- Criminals Using AI to Commit Fraud
Learning Objectives
- Identify Red Flags for Fraud
- Identify Fraud Schemes that Affect Businesses
- Identify Fraud Schemes that Affect Individuals
- Identify who developed the fraud triangle theory
- Identify the percentage of the population that uses one password for multiple accounts
- Identify the year in which the SEC received the most tips from whistleblowers
- Identify the dollar amount in losses in 2023 from cyber frauds
- Identify the percentage of fraudulent credit and debit card transactions that are under $100
- Identify the most common type of ransomware software used in February 2024
- Identify the most commonly used password in 2022
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (4 hours)
Program Prerequisites
None
Advance Preparation
None
