October 2013
Beginner
544 pages
20h 52m
English
Content preview from Principles of Fraud Examination, 4th Edition
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EXHIBIT 12-1
CHAPTER 12
FINANCIAL STATEMENT FRAUD SCHEMES
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
| 12-1 | Define financial statement fraud and related schemes |
| 12-2 | Understand and identify the five classifications of financial statement fraud |
| 12-3 | Explain how fictitious revenues schemes are committed, as well as the motivation for, and result of, committing such fraud |
| 12-4 | Explain how timing difference schemes are committed, as well as the motivation for, and result of, committing such fraud |
| 12-5 | Describe the methods by which concealed liabilities and expenses are used to fraudulently improve a company's balance sheet |
| 12-6 | Understand how improper disclosures may be used to mislead potential investors, creditors, or other users of the financial statements |
| 12-7 | Recognize how improper asset valuation may inflate the current ratio |
| 12-8 | Identify detection and deterrence procedures that may be instrumental in dealing with fraudulent financial statement schemes |
| 12-9 | Understand financial statement analysis for detecting fraud |
| 12-10 | Identify and characterize current professional and legislative actions that have sought to improve corporate governance, enhance the reliability and quality of financial reports, and foster credibility and effectiveness of audit functions |
CASE STUDY: THAT WAY LIES MADNESS1
“I'm Crazy Eddie!” a goggle-eyed ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.