Senior management yearns to report positive news and impressive financial results that will please investors, bankers and drive value higher. While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether in order to portray their financial results in a misleading way. This session will discuss some common financial statement shenanigans to help prevent them from fooling you.
Factors that cause people to commit financial statement fraud. The seven most common ways of “cooking the books”. Specific corporate scandals which highlight “financial shenanigans”. Increasing your awareness of possible techniques to detect financial statement irregularities and potential fraud.
Some audit experience is helpful, but not required
Corporate financial managers and public practice CPAs.
Identify common ways that financial statement fraud fools users. Prevent financial fraud from fooling you.
Jay Giannantonio is a management consultant with over 30 years of experience specializing in finance transformation, internal audit, fraud, risk management, process improvement and Sarbanes-Oxley compliance issues. His professional experience includes long stays at PwC/Coopers & Lybrand, Verizon/Bell Atlantic and KPMG Consulting in a professional career that began in 1980. Most recently, he was Vice President – Internal Audit for a $1B commercial equipment rental and sales company. Jay lives in the Philadelphia area.
Non-Member Price $99.00
Member Price $79.00