• Course Information
    4.4 (882)

    Title: Fraud: Ensuring Integrity in Financial Reporting
    Category: Accounting and Auditing
    Field of Study: Auditing - Fraud
    Course Code: A022-0301
    CPE Credits: 6.0
    Price: $49.95
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Description

Description:
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices.

This course is divided into four parts. Chapter 1 identifies the common financial shenanigans demonstrated with a series of real-life cases and addressed ongoing financial reporting issues (e.g., restatements, SEC enforcement actions). The failure of corporate governance and auditor's role in Enron's collapse are also discussed. Chapter 2 explains the basic accounting rules for stock-based compensation. It also identifies regulations that protect investors from unethical business practices. Chapter 3 focuses on the impact of Sarbanes-Oxley Act including the creation of PCAOB, reforms of corporate America, and improvements in audit quality. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability. Chapter 4 identifies ways to promote high levels of accountability and transparency. It explains the importance of business ethics and corporate social responsibility. It also discusses the role of good corporate governance in protecting shareholder value.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Auditing - Fraud

Passing Score: 70%

Publication Date: 10/25/2022

Technical Details: Auditing: Technical

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Objectives

Objectives:
1. Identify techniques used to manipulate a company's financials.
2. Recognize common financial reporting issues.
3. Recognize measurement and recognition of employee stock-based compensation.
4. Identify regulations that protect investors from unethical business practices.
5. Recognize how Sarbanes Oxley Act improves corporate behavior and enhances audit quality.
6. Identify laws that govern social responsibilities of business.
7. Recognize the role of good corporate governance in protecting shareholder value.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA, CMA, CFE

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