CE/CPE Course Information

Lessons for the Accountant from Frauds Related to Misappropriation of Assets

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Delivery Method: QAS Self-Study
Lesson Version: 19-1
Publication/Revision Date: January 25, 2022
Prerequisites/Advanced Preparation: None
Written By: William A. Hillison, Ph.D., CPA, CMA

Learning Objectives	After completing this course, you will be able to Explain the types of fraud and apply the fraud risk model Recognize fraud risk factors in actual cases of misappropriation of assets Discuss the lessons from the fraud cases related to misappropriation of assets Identify controls that may deter or detect fraud. This course was reviewed on January 12, 2024, and no updates or revisions were deemed necessary.
Course Topics	Overview of the Issues Types of Fraud The Fraud Risk Model Too Much Authority -- Horsing Around Lack of Oversight -- One Bad Apple Background Checks -- And Check the Checks Theft of Inventory -- A Jewel Case A Case of Lapping -- Sleight of Hand Ghosting of Employees -- Carper Caper Sale of Scrap -- Another Man’s Treasure Retail Sales -- Cash Is King Stealing Information -- Asset of a Different Color Lack of Segregation of Duties -- Move the Needle Embezzlement and Bribery -- Grave Consequences

Learning
Objectives

After completing this course, you will be able to

Explain the types of fraud and apply the fraud risk model
Recognize fraud risk factors in actual cases of misappropriation of assets
Discuss the lessons from the fraud cases related to misappropriation of assets
Identify controls that may deter or detect fraud.
This course was reviewed on January 12, 2024, and no updates or revisions were deemed necessary.

Course Topics

Overview of the Issues
Types of Fraud
The Fraud Risk Model
Too Much Authority -- Horsing Around
Lack of Oversight -- One Bad Apple
Background Checks -- And Check the Checks
Theft of Inventory -- A Jewel Case
A Case of Lapping -- Sleight of Hand
Ghosting of Employees -- Carper Caper
Sale of Scrap -- Another Man’s Treasure
Retail Sales -- Cash Is King
Stealing Information -- Asset of a Different Color
Lack of Segregation of Duties -- Move the Needle
Embezzlement and Bribery -- Grave Consequences

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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