more
Patricia McCarthy, Member
Patricia McCarthy has been in software training for over 24 years, has worked in a variety of positions including audit, treasury, finance and operations, is certified as a MOS expert in Excel, and is a published writer.
This instructor has 41 courses »To Access This Course:
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: June 7, 2021
22 Reviews (71 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.
Anonymous
(Owner)
Interesting case studies on fraud. Understanding these studies, the motivations to commit fraud, and the proper controls to reduce the risk can help to both identify fraud and reduce fraud risk.
Tracey Fischer
(Senior Internal Auditor at Self)
I enjoyed reading real-life fraud cases. I personally could use more accounting experience, as I did not understand why it was unexpected that A/R was higher at year end was a red flag.
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
Anonymous
(CPA, CFE, MBA)
The cases were interesting reading and the information was presented in a manner that was easy to understand.
Anonymous
(SFA)
Thank you for the course, it was an easy one to add to my assets.
I wish all courses were like that.
Jonathan Peck
(Accountant at Google)
very high quality writing! fascinating case studies. the text version works better than videos.
Corey Masters
(Accountant, Internal Auditor, Risk Speci.. at Self)
A good overview of accounting fraud. Many good insights identified. My first text class.
Anonymous
(Internal Audit Manager)
Very well written and concise summaries! I really enjoyed reading about these cases!
William Barron
(CONSULTANT at Parallel)
The course provided information on fraud occurrences about which I was unfamiliar.
Anonymous
()
interesting case studies. well organized content and easy to follow.
Anonymous
(Auditor)
Very informative course. Will definitely assist in the audit field.
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 .