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This course uses cases of three recent accounting frauds to demonstrate the importance of internal controls, management oversight by the board of directors and an organizational emphasis on ethics in the prevention of fraud. It also examines the CPA auditor’s responsibility for internal controls and the prevention and detection of fraud as part of its work. The case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods.
Learning Objectives
- Recognize the auditor responsibility for internal controls and fraud detection as part of its audit
- Associate fraud with inadequate internal controls
- Recognize the importance of independent board of director and audit committee oversight inthe prevention of fraud
Last updated/reviewed: November 11, 2019
15 Reviews (44 ratings)Reviews
Anonymous
(Project Manager)
I love reading about the fraud cases, as it provides background on things to watch out for and to help create internal controls that will in effect limit these types of scenarios from occurring.
Sherman Bamford
(Accountant at Carilion Clinic)
Good case studies with analysis of how the fraud was perpetrated, motivation for the fraudulent activities, discussions of internal control failures, and implication for auditors.
Anonymous
(Associate Director, CFCC Assurance)
Very interesting read on a fraud case. Helps reader identify all of the things the entity did wrong in terms of Auditors, Board of Directors and Internal Controls.
Anonymous
(Accountant)
Great class and some interesting insight into the problems that can arise from a lack of internal controls. Made me want to learn more about the auditing process.
Craig Campbell
( at National Reconnaisance Office)
Great examples of how fraud can be conducted and not be detected and how strong internal controls could have prevented the frauds.
Anonymous
()
This course is comprised of case studies and, while interesting, I would have liked more details of the statutes and guidance.
Ashlee Krupa
(Financial Analyst at RJ Corman)
Very interesting and informative. I like how they gave application to both CPAs in industry as well as public accounting.
Anonymous
()
I really enjoyed the accounting fraud text-based course. The examples are very useful to share with my organization.
Anonymous
(Self Employed)
The content was valid, although it was very basic.
Grammatical errors distracted from the course presentation
Jonathan Peck
(Accountant at Google)
very high quality writing! fascinating case studies. the text version works better than videos.
Anonymous
(Internal Audit Manager)
Very well written and concise summaries! I really enjoyed reading about these cases!
Anonymous
()
interesting case studies. well organized content and easy to follow.
Anonymous
()
Accounting Fraud (Text Based Course) is an excellent course.
Anonymous
(Principal)
interesting examples and good overview of accounting fraud
Anonymous
(Senior Accountant)
One of the best classes. I enjoyed each of the cases.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .