Fraud: Ensuring Integrity in Financial Reporting ON DEMAND

Overview

A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Since the turn of the century, the U.S. has seen some large corporate collapses and scandals due to shoddy and deceptive accounting practices. Many companies, shareholders and employees suffered as stock prices fell and reputations were tarnished when businesses conducted questionable practices. This course will explore the common financial shenanigans demonstrated with a series of real-life cases. It also discusses internal control reporting requirements, the role of the audit committee, and disclosure controls and personal accountability.

Highlights

The Need for Financial Reporting Reform. Protecting Investors. Restoring Investor Confidence. Internal Control Reporting Requirements. Promoting Accountability and Transparency.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Identify techniques used to manipulate a company’s financials. Recognize common financial reporting issues. Recognize measurement and recognition of employee stock-based compensation. Identify regulations that protect investors from unethical business practices. Recognize how Sarbanes Oxley Act improves corporate behavior and enhances audit quality. Identify laws that govern social responsibilities of business. Recognize the role of good corporate governance in protecting shareholder value.

Preparation

None.

Notice

None.