This program will discuss: ? The accounting “stories” behind numerous famous financial statement frauds and failed audits, such as McAfee, Parmalat, and WorldCom ? Deceptive accounting practices, specifically revenue recognition ? A forensic approach to recognize the warning signs in areas such as revenue recognition, significant estimates, and choices among accounting methods
Course ID: DAP4
Deceptive Accounting Practices
- Participants will be able to: ? Identify creative accounting practices used to deceive financial statement users ? Identify those risk characteristics normally associated with fraudulent financial reporting ? Emphasize improper revenue recognition practices and techniques to identify them
? Back to the basics-live cases dealing with improper revenue recognition and other misleading practices ? When is revenue “real” ? Reserves, accruals, writedowns, and asset impairments ? Significant estimates ? Fair value abuses
DESIGNED FORPractitioners in industry and in public practice.
FIELD OF STUDY