2023 Fraud Review

Author: Robert K Minniti

One of the main reasons CPAs and other accountants often fail to detect fraud is that they are too honest. They find it difficult to think like a criminal.

This course is designed for individuals who would like to refresh their understanding of fraud schemes and to learn how to recognize the red flags for detecting fraud. Understanding how criminals commit fraud is the first step in preventing fraud. This course is updated to review frauds that were prevalent in the last year including frauds related to COVID-19 and the war in Europe.

This course has been updated for 2023 to include a discussion of recent frauds from the news.

Publication Date: June 2023

Designed For
CPAs, CFEs, and others in the accounting field and is appropriate to fulfill the 4 hour fraud requirement for California CPAs.

Topics Covered

• Fraud Theories
• Fraud in the News
• Phishing, Vishing & Smishing

Learning Objectives

• Identify Red Flags for Fraud
• Identify Fraud Schemes That Affect Businesses
• Identify Fraud Schemes That Affect Individuals
• Identify the type of payroll fraud that uses fictitious employees
• Identify the most sought-after information when criminals steal data
• Identify the type of cyber-attack used to try to take down a website
• Identify what percentage of the population uses one password for multiple accounts
• Identify the type of fraud scheme that is most likely to involve shell companies

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (4 hours)

Program Prerequisites
None

Advance Preparation
None