Fundamentals of Fraud Prevention & Detection
Author: Arturo Ramudo, CPA, CISA
Electronic version only
This course addresses fraud related issues from the perspective of small- and medium-sized accounting firms. The goal of this course is to enhance the accountant’s ability to recognize, detect, and prevent fraud; increase fraud awareness; help accountants and auditors understand their role in addressing fraud; and identify the most common types of fraud currently perpetrated in today’s fast-paced business environment. Topics include an assessment of the statistical information identified by the Association of Certified Fraud Examiners in their 2020 Report to the Nations; a summary of the fraud related requirements for preparation, compilation, review, and audit engagements; and a look back at the top ten accounting scandals.
With this four-hour course you will:
- Get a 125-page PDF manual
- Identify potential red flags indicating that material fraud may exist
- Identify the typical profile of someone that commits fraud, embezzlement, or misappropriates assets
- Identify the fraud triangle: pressure, opportunity, and rationalization
- Identify why individuals commit fraud
- Identify the most common types of fraud and when fraud is most likely to occur
- Identify the best methods for fraud detection
- Identify the accountant’s responsibility to report fraud under the compilation and review standards
- Identify the auditor’s fraud related responsibilities for financial statement engagements
- Identify the benefits employers can achieve with an effective whistleblower program
- Identify methods to reduce a CPA’s exposure to fraud risk
Course level: Basic
No advanced preparation is required.
When must I complete the fraud course?
Within each renewal cycle.
Is the fraud course in addition to the A&A requirement?
Yes, you must take 24 hours of A&A within each renewal cycle, plus 4 hours of fraud.
Can I fulfill my requirement with self-study?
Yes, Spidell offers a comprehensive, practical course so you can complete your requirement. Plus, Spidell’s self-study provides case studies and examples.
Course materials produced by Arturo Ramudo, CPA, CISA
Arturo is a former Board of Accountancy investigator, a nationally recognized public speaker, researcher, and seminar leader with 35 years of experience in taxation, ethics, standards of practice, and internal quality control. Art owns and operates his own public accountancy firm offering services to both the public and private sectors. He represents CPAs before the California Board of Accountancy’s disciplinary committee, provides litigation support, performs peer reviews, and offers advisory services concerning all aspects of ethical practice.
Want to order by phone? Call us at: (714) 776-7850
Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 4 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Accounting (Fraud). Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.