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Tuesday, April 21, 2015 Live

Identifying Fraudulent Financial Transactions (E1504153)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

Financial statement fraud continues to plague corporate America and often remains at the center of the forensic CPA’s investigation. Now, more than ever, it is imperative that CPAs stay current on the requirements of AU-C section 240, the most common fraud schemes and best practices to acquire the tools you need to help you to uncover fraud. This course defines the nature of financial statement fraud, the auditor’s responsibilities for fraud and a framework for preventing and detecting fraud. You will analyze a variety of schemes and learn how to spot the red flags of fraud in financial information.

DESIGNED FOR

Accountants in industry, internal auditors and CPAs in public practice who are responsible for managing fraud risks.

BENEFITS

  • Identify the auditor’s responsibilities for fraud detection
  • Describe a solid framework for detecting financial statement fraud, including the identification of revenue-related exposures and symptoms, inventory and cost of goods sold exposures and symptoms, understatement of liabilities exposures and symptoms, and overstatement of assets
  • Organize the follow-up on symptoms of revenue-related schemes, inventory fraud, understatement of liabilities fraud, and overstatement of assets fraud
  • Recognize instances of inadequate disclosure fraud
  • Employ proven methods of financial statement fraud prevention

HIGHLIGHTS

  • Introduction to financial statement fraud
  • The auditor’s responsibility to detect fraud
  • Identifying fraud exposure
  • Revenue-related financial statement fraud
  • Inventory and cost of goods sold fraud
  • Understatement of liabilities fraud exposures and symptoms
  • Overstatement of assets fraud exposures and symptoms
  • Inadequate disclosure fraud
  • Fraud prevention

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and auditing.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • AICPA members deduct an additional $30 from applicable price.

INSTRUCTOR

Robert Minniti

Robert Minniti, CPA, CFE, Cr.FA, CFF, CVA, CGMA, M.B.A., DBA, MAFF

AICPA

Dr. Robert Minniti, DBA, CPA, CFE, Cr.FA, CFF, CVA, MAFF, CGMA Phoenix, Arizona

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 teaches graduate and undergraduate courses in accounting, fraud examination, fraud criminology, ethics, forensic accounting, external audit, and internal audit, at DeVry University, Grand Canyon 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, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link. AccountingEd, Global Compliance Panel, Clear Law Institute and various state CPA Societies.

PRICING

$399.00 - Nonmember

$299.00 - Member

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs