1 CPE Senior management yearns to report positive news and impressive financial results that will please investors, bankers and drive value higher. While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether in order to portray their financial results in a misleading way. This course discusses some common financial statement shenanigans to help you avoid being fooled by them.
This course covers:
- In-depth discussion of common financial reporting irregularities
- Methods of detecting these irregularities and their “red flags”.
- Reviews of the factors present when confronting financial statement fraud.
- Foolproof ways to prevent them from fooling you!
Learning Objectives
- Identify the seven most popular recipes for “cooking the books”.
- Recognize the triggers that cause people to commit financial statement fraud.
- Discover infamous corporate scandals highlighting “financial shenanigans”.
- Discover techniques for increasing awareness and detecting financial statement irregularities and potential fraud.
Last updated/reviewed: March 11, 2024
49 Reviews (169 ratings)
Reviews
Margo Palmer
( at NA)
It’s not just about the numbers - bring a good judge of people is so important in forensic accounting/fraud detection. The instructor gave a high-energy and well-organized presentation of the material.
Anonymous
(Senior Accountant)
The course put fraud into perspective and provided real life examples of events that have happened over time. I enjoyed the additional quotes incorporated and how the professor made the material engaging.
Anonymous
(Assurance Specialist)
I really enjoyed this course. Simple and straightforward. Good refresher of revenue recognition and financial statements fraud prevention tips.
Laura Reames
(Owner at Reames CPA Services)
I really like the way this guy laid out the class. It was informative, but also made it very interesting to follow.
bev stenger
(CPA owner at Stenger Consulting)
Very good presentation. Lots of tips and examples to mull over. Will definitely search for more courses by Jay G.
Anonymous
(Internal Audit Manager)
Great presentation of the topic and I really enjoyed the instructor's energy. Some really good takeaways!
Anonymous
()
Very well done basic overview of the topic. Well presented at the appropriate pace - not too fast or slow.
Margaret Mueller
(Retired Controller at Self-employed)
Upbeat speaker. I especially liked the lists of types of financial statement fraud that he provides
KURT LETAIN
(CFO at ENGINEERED ASSEMBLIES INC.)
Good refresher. Sometimes seeing the forest but you need to be in the trees from time to time.
Anonymous
(-)
Great explanation of the fraud triangle and financial statement shenanigans regarding revenue.
Terri Salazar-Rodriguez
(None at None)
Alot of information - Fraud Triangle and CDEF Revenue Recognition very useful.
Anonymous
(Accounting Manager)
Very funny course. The comics provided were cute but spoke volumes.
Brian Johnson
(Self Employed at Self Employed)
Very informative as well as interesting. Nice presentation style
Ivan Makarov
(Vice President of Finance at SmugMug)
Awesome class and instructor. Informative and educational.
Robert Workman
(Senior Lean Development Officer at Confidential)
Good introduction to fraud, symptoms and what to look for
Anonymous
(Supervisory Special Agent)
A knowledgeable speaker, a good basic entry-level course.
Anonymous
(CPA)
A very entertaining presentation., not boring at all !!
Anonymous
(CFO)
Liked relating concepts to easy to remember acronyms.
Anonymous
()
Great reference material. Would recommend to others.
Ara Toroyan
(Director - Financial Planning & Proc.. at NCCI Holdings, Inc.)
Nice class. Covered a lot of material very quickly.
Anonymous
(CEO)
good course, everyone should watch this to be aware
Anonymous
(-)
Very good summary of fraud concepts. Thank you.
Monica Stavig
(CFO at Stryker Energy Directional Services)
Quick and to the point with easy reminder tips.
Anonymous
(CFO)
great course for all professionals in business
Siva Vinay
(Controller at Park n Fly)
well structured and great points and insight
Charles Tuggle
(Retired 2003 at Plant Engineer Pulp and Paper)
Very good presentation. Kept me interested.
Anonymous
(None)
very interesting and engaging presentation
Tim Philips
(Controller at Self)
This was more of a fraud concept class.
Peter Abader
(- at BMO)
good for Beginners / intermediate level
Martin Clancy
(CFO at DataCore Software)
A basic introductory course
Phillip Read
(Senior Manager & Chartered Professio.. at Jain & Company Chartered Accountants)
well spoken - good content
Anonymous
(Director of Accounting and Finance)
Good refresher course
Anonymous
()
good review/refresher
Anonymous
(Director Controller Services)
Topic Presented well
Anonymous
(senior accountant)
good detailed slides
Anonymous
(Vice President Finance EMEA & ASIA P..)
Basic understanding
Anonymous
(Director, Compliance and Insurance)
Good overall review
Anonymous
(-)
Good fraud summary
Lou Mortillaro, CMA
(Accounting Manager at American Financial Resources)
Great Fraud review
S Marie Vernon
(- at --)
Very informative!
Anonymous
(Vice President, Global Accounting &a..)
Great overview
Sylvia Ratliff
(internal audit consultant at self employed)
very well done
Robert Godfrey
(CPA at Robert Godfrey, CPA)
Fascinating
Anonymous
(CPA/Investment Advisor)
Good primer
Anonymous
(NA)
Engaging
Haley Gismondi
(CPA - Fund Accounting at Technology Crossover Ventures)
Helpful
Anonymous
(Insurance Broker)
Good
Anonymous
(Vice President - Finance)
.
Anonymous
(-)
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Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Jay GiannantonioPrinciple/Managing Director
About Illumeo
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- Phone: 408-400-3993
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- Av #221, Campbell, CA 95008
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