Discuss the large category of frauds that fall under the heading of Occupational Fraud and Abuse; the deliberate misrepresentation of financial condition of an enterprise accomplished through intentional misstatement or omission of amounts or disclosures in the financial statements to deceive financial statement acts; and describing multiple schemes in detail.

LEARNING OUTCOMES

TOPICS TO BE DISCUSSED

SPECIFIC OBJECTIVES OF THE TOPICS OR SUBTOPICS


Understand what Financial statement fraud and schemes are


Defining Financial statement schemes and Financial statement fraud


Understand their effects in companies and organizations


Understand liabilities and expenses; and their role in financial statement fraud


Focusing on the ways financial statements can be manipulated specifically through liabilities and expense records


Gain mastery on the common methods for concealing liabilities and expenses to perform financial statement fraud


Comprehension on two types of cash receipts schemes


Skimming and Larceny as Cash receipts scheme and the manipulation it includes


Discuss in detail the two types of cash receipts schemes


Comprehension on two types of fraudulent disbursement schemes


Forging checks, submission of false invoices and other disbursements


Discuss in detail the two types of fraudulent disbursement schemes

Reinforce facts and principles covered in the lesson

Slides/Reading Materials

Recapture an overview of and retain in memory the principles of foreign exchange trading


Master the facts and principles covered in the lesson


Short Quiz


Gain mastery of the principles and applications covered in the module

*EVALUATION by the CPD PROVIDER: Passing rate is 75%. Participant can stream the training video and retake for an unlimited number of times until the subject is mastered.

Course Curriculum

  • 1

    Important Reminders Before You Start Your Training

    • Daily Training Limit, Time Zone and Other Reminders
  • 2

    Test Your Knowledge

    • Test Your Knowledge
  • 3

    Handouts

    • Reading Materials

    • Lecture Slides

    • FTFS Video Weblinks
  • 4

    Financial Statement Fraud

    • Introduction
  • 5

    SECTION REVIEW: Financial Statement Fraud

    • SECTION REVIEW: Financial Statement Fraud
  • 6

    Revenue and Expense Fraud

    • Fictitious or Fabricated Revenues
  • 7

    SECTION REVIEW: Revenue and Expense Fraud

    • SECTION REVIEW: Revenue and Expense Schemes
  • 8

    Skimming, Larceny, Register Schemes and Check Tampering

    • Introduction
  • 9

    SECTION REVIEW: Skimming, Larceny, Register Schemes and Check Tampering

    • SECTION REVIEW: Skimming, Larceny, Register Schemes and Check Tampering
  • 10

    Billing Schemes

    • Billing Schemes
  • 11

    SECTION REVIEW: Billing Schemes

    • SECTION REVIEW: Billing Schemes
  • 12

    Payroll Schemes and Non-Cash Theft

    • Payroll Schemes

    • Non-Cash Theft and Larceny
  • 13

    SECTION REVIEW: Payroll Schemes and Non-Cash Theft

    • SECTION REVIEW: Payroll Schemes and Non-Cash Theft
  • 14

    CASE STUDY

    • CASE STUDY: Wirecard and Fabricated Revenues

    • CASE STUDY: Wirecard and Fabricated Revenues - Questions
  • 15

    EXERCISES

    • List of Scenarios

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 - Questions
  • 16

    Quiz

    • Financial Transactions and Fraud Schemes - Part 1
  • 17

    Evaluation Form

    • Evaluation Form and Attendance Sheet (as required under PRC Resolution no. 1244 Series of 2020)

You may also be interested in...

  • $3.45

    $3.45Competence Area A: Securities Regulation Code - Protecting Investors from Stock Market Fraud and Insider Trading

    Buy Now

  • $3.45

    $3.45Competence Area A: Introduction to Anti-Money Laundering 1

    Buy Now