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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 41 courses »To Access This Course:
This course uses a fascinating case study on accounting frauds at Koss Corporation 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.
Learning Objectives
- Recognize the SEC rules regarding smaller reporting entities.
- Recognize the auditor responsibility for client internal controls.
- Identify the Koss Corp. embezzlement and financial statement fraud with inadequate internal controls.
Last updated/reviewed: June 23, 2021
14 Reviews (38 ratings)Reviews
Anonymous
(Senior Auditor)
Very interesting case study and interesting course! Definitely enjoyed the course structure/pace as well! Love these real world case studies and also appreciated the instructor giving the additional pictures and info on the items that were purchased.
Anonymous
()
Course fully met objectives. Showed importance of testing and validating the effectiveness of internal controls to prevent fraud.
Anonymous
(-)
Good example review that shows the importance of internal controls and management overview that was lacking in this case.
Anonymous
(Deputy IG)
Interesting case studies. The discussion on internal control weaknesses that led to the fraud was very beneficial.
Anonymous
(Vice President / Technology and Planning)
Very interesting case of a multi-year financial statement fraud. The scope of of this fraud was huge.
Erica Claudin
(Director, Financial Reporting at Charter Communications)
Found this to be interesting and a good reminder that these instances of fraud do happen in real life.
Anonymous
(Staff Accountant)
This is an interesting case study. A good reminder of the importance of internal controls.
Anonymous
()
Great course of Koss corporation - a Case Study in Fraud which added value to me
Dorothy Burns
(Staff Auditor II at DHHS)
The instructor didn't present the materials effectively as I would have hoped.
Anonymous
()
A little slow, but still exemplified the need for proper internal controls.
Anonymous
(--)
While material covered was engaging, flow of presentation felt stagnant.
Sophia Kasozi
(- at City of Edmonton)
Excellent discussion on the implications of weak internal controls.
Anonymous
()
Very good course had not heard of this before. Thank you.
Michael DeSanto
(Sr. Financial Auditor at Google)
Very interesting, had not heard about this before!
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 .