2024 Deceptive Accounting Practices (September 25-Virtual)

The accounting profession and financial markets have been plagued during the past several years with numerous cases of financial reporting problems. This course will go through some real-life examples of financial statement fraud and/or failed audits. The course will cover how to recognize deceptive practices related to revenue recognition, detail related party and off-balance sheet schemes, and how earnings can be manipulated through inappropriate estimates.

Participants will be able to:

• Identify creative accounting practices used to deceive financial statement users
• Identify those risk characteristics normally associated with fraudulent financial reporting
• Emphasize improper revenue recognition practices and techniques to identify them