American Accounting Association


CPE Session 12

How the Games Begin - Detecting Financial Statement Fraud

Presented By:

Patricia Johnson, Canisius College

Description: Financial statement fraud continues to be a significant problem for investors, auditors and analysts. This session will take a look at patterns, tools and non-financial information that can be utilized by these users of financial statements to uncover anomalies and red flags. The objectives of this session are to: 1. Provide participants with examples of financial statement fraud cases that can be used in a variety of accounting courses. 2. Relate the cases to particular topics and courses in the accounting curriculum. 3. Provide suggestions on how to utilize cases for practitioners in training staff. 4. Demonstrate analytical tools that can be used to uncover red flags and unusual patterns in financial statements. 5. Provide attendees with 2 to 3 case examples utilizing a variety of tools for analysis. The cases and examples will be categorized by type of financial statement fraud . Resources will also be provided for use in the classroom.

Field of Study: Accounting
Program Level: Intermediate
Method of Delivery: Group — Live

Intended Audience: Academics and practitioners interested in learning more about financial statement fraud and how to identify it.

Format/Structure: The format of the workshop will consist of presentation and case analysis of financial statement frauds.

Learning Objective: Understand and identify red flags for financial statement fraud Provide examples of areas and patterns that raise concern Utilize ratios and other tools to enhance financial statement analysis Understand the magnitude and prevalence of financial statement fraud

Prerequisites: Attendees should be familiar with basic tools for financial statement analysis. Some knowledge of common fraud schemes would be useful but is not required.

Advanced Preparation Required: None


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