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 for 2025 to review frauds within the last year.
Publication Date: June 2025
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
- Crypto Frauds
Learning Objectives
- Identify Red Flags for Fraud
- Identify Fraud Schemes That Affect Businesses
- Identify Fraud Schemes That Affect Individuals
- Identify methods for detecting fraud
- Identify methods for preventing fraud
- Identify ways to report fraud
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (4 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.