Accounting Fraud and Embezzlement: Case Studies from the Trenches
Author: Allison McLeod
| CPE Credit: |
2 hours for CPAs |
This course examines recent events involving the theft of company or public money and the circumstances that allowed the fraud to occur. We will be looking at a variety of case studies to illustrate these points. This course is ideal for CPAs, government finance personnel, all Internal Auditors, lawyers, governance professionals, accountants and human resource personnel.
Publication Date: August 2025
Topics Covered
- Reasons why fraud occurs
- Case studies of situations where embezzlement occurred
- Red flags indicating that an organization is at risk of defalcation.
- Steps to prevent fraud
Learning Objectives
- Identify the factors that create an environment for fraud to easily occur
- Identify areas where there could be an inadvertent failure to separate duties
- Explain the proper role of an external auditor and identify areas where independence can be compromised
- Identify the organization whose Code of Conduct states that members should follow the most restrictive rules when multiple standards apply
- Identify the principle that requires a member to carry out professional responsibilities with skill and careful attention
- Identify the medical school case study in which the finance director illegally bought and resold hardware worth over $40 million while falsifying records and communications
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Regulatory Ethics (2 hours)
Program Prerequisites
None
Advance Preparation
None
