Financial Statement Fraud


Instances of financial statement fraud have occurred ever since the first financial statements were prepared. Financial statement fraud poses a significant threat to all businesses regardless of size. In this program, we will discuss fraud, fraud risk assessments, the Fraud Triangle, who commits fraud, fraud red flags and motivations to commit fraud, common fraud activities, COSO internal controls, anti-fraud controls and numerous financial statement fraud case studies.


  • Overview of financial statement fraud
  • COSO and COSO Principle 8 concerning fraud
  • 2018 Report to the Nations
  • Fraud Triangle
  • Fraud classification
  • Financial statement fraud risk assessments
  • Identifying red flags of financial statement fraud
  • Financial statement fraud and who commits it
  • Financial statement fraud activities (cases)
  • Preventing and detecting financial statement fraud
  • Best practices anti-fraud controls


Participants will be able to:

  • Define fraud in the context of financial statement fraud
  • Describe financial statement frauds and how they occur
  • Recognize both soft and hard indicators of fraud
  • Identify red flags of financial statement fraud
  • Identify who commits financial statement fraud and the incentives motivating them to do so
  • Perform a financial statement fraud risk assessment
  • Recognize the most common financial statement fraud activities through case analysis
  • Identify best practices anti-fraud controls

Designed For

CPAs, accountants, and financial professionals in industry and public practice.


Rebecca Lee

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