Financial Statement Shenanigans

Overview

Senior management yearns to report positive news and impressive financial results that will please investors, bankers and drive value higher. While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether in order to portray their financial results in a misleading way.

Highlights

• Factors that cause people to commit financial statement fraud
• The seven most common ways of "cooking the books"
• Specific corporate scandals which highlight "financial shenanigans"
• Increasing your awareness of possible techniques to detect financial statement irregularities and potential fraud

Prerequisites

Some audit experience is helpful, but not required

Designed For

Corporate financial managers and public practice CPAs

Objectives

• Identify common ways that financial statement fraud fools users
• Prevent financial fraud from fooling you

Preparation

None