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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 46 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: May 16, 2022
33 Reviews (115 ratings)Reviews
Interesting fraud cases and the structure was good noting the fraud, the motivations and how the fraud could have been prevented/steps to take in the future. However, please proofread the text. There are some obvious grammar and spelling errors that make this look unprofessional.
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.
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.
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.
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.
Interesting cases and great breakdown of how fraud happened and what we as CPAs need to be on the look out for in order to make sure it doesn't happen under our watch.
I really enjoyed this course because it was more of a case study with three different companies as examples. Made things a lot more interesting. Definitely recommend!
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.
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.
This course was all about fraud case studies and what gave rise to the opportunity and also what could have been done to prevent it. Excellent course!
Interesting to read these real-life examples of fraud. Great learning tool to help highlight the importance of SOX and appropriate internal controls.
Great examples of how fraud can be conducted and not be detected and how strong internal controls could have prevented the frauds.
This course is comprised of case studies and, while interesting, I would have liked more details of the statutes and guidance.
Very interesting and informative. I like how they gave application to both CPAs in industry as well as public accounting.
I really enjoyed the accounting fraud text-based course. The examples are very useful to share with my organization.
The content was valid, although it was very basic.
Grammatical errors distracted from the course presentation
The cases were interesting reading and the information was presented in a manner that was easy to understand.
Thank you for the course, it was an easy one to add to my assets.
I wish all courses were like that.
Informative. Lots of information about recent frauds and great information regarding what was missed.
very high quality writing! fascinating case studies. the text version works better than videos.
Interesting and different case studies highlighting how fraud can be perpetrated in many ways.
Great examples Fraud and the importance of good and effective internal controls. Great course!
A good overview of accounting fraud. Many good insights identified. My first text class.
Very well written and concise summaries! I really enjoyed reading about these cases!
The course provided information on fraud occurrences about which I was unfamiliar.
Course was very helpful and gave really good examples on fraud situations
Very interesting cases, all new to me. I like the text-based format.
interesting case studies. well organized content and easy to follow.
Very informative course. Will definitely assist in the audit field.
Accounting Fraud (Text Based Course) is an excellent course.
interesting examples and good overview of accounting fraud
Good course on accounting fraud, thorough and detailed.
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 .