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CPE Self-Study

Financial Statement Fraud and Asset Misappropriation

  • $49.00-$59.00
    Financial Statement Fraud and Asset Misappropriation Online Access Product #: 159967
    AICPA Member: $49.00
    Non-Member: $59.00

AICPA's Fundamentals of Forensic Accounting Certificate Program

This course is part of the Fundamentals of Forensic Accounting Certificate Program – a comprehensive, integrated curriculum - covering AICPA's entire Body of Knowledge in this topic area. The program will provide you with the training, knowledge, and practical guidance needed for a solid understanding of financial forensics. Credit for individual courses purchased can be applied to the full program when you enroll within one year of the original purchase date. Please visit cpa2biz.com/forensic for information on the complete program.

This course describes some of the issues that allow financial statement fraud to occur, including a lack of adequate internal controls over the accounting processes, management overrides of internal controls, and pressure to achieve specific financial results. Frequent types of financial statement fraud are explained as well as how internal investigations are often triggered and evidence is collected by a forensic accountant in an investigation. Common types of internal and external asset misappropriation are identified in addition to relevant case studies profiling common fraud schemes.

Learning Objectives:

  • Identify various types of financial fraud
  • Describe the duties of a forensic accountant in a fraud case
  • List the steps of a financial fraud investigation
  • Describe the types of Financial Statement Fraud and summarize the most common
  • Financial Statement Fraud Schemes
  • Describe instances of Asset Misappropriation
  • Define the Foreign Corrupt Practices Act

Prerequisite: None

Advanced Preparation: None

Discounts

FVS Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org if you have any questions or encounter any issues.

Find out more information on the Forensic and Valuation Services Member Section.

About the Authors

Dr. Robert Minniti, DBA, CPA, CFE, Cr.FA, CFF, CVA, MAFF, CGMA

Dr. Robert Minniti, DBA, CPA, CFE, Cr.FA, CFF, CVA, MAFF, CGMA

Phoenix, Arizona

Bob Minniti is the President and Owner of Minniti CPA, LLC. Bob is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, is certified in Financial Forensics, is a Master Analyst in Financial Forensics, is a Chartered Global Management Accountant and is a licensed private investigator in the state of Arizona.

Bob received his doctoral degree in business administration from Walden University. Bob received his MBA degree and Graduate Certificate in Accounting from DeVry University's Keller Graduate School of Management and received his Bachelor of Science in Business Administration degree from the University of Phoenix.

Bob is a professor teaching graduate and undergraduate level courses in accounting, fraud examination, fraud criminology, ethics, forensic accounting, external audit, internal audit, tax, and real estate finance at DeVry University, Grand Canyon University, Northwestern University and the University of Phoenix. He has designed graduate and undergraduate courses for Grand Canyon University, Northwestern University and Anthem College.

He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, real estate financing, internal control development, business continuations planning, risk management, financial forecasting and Sarbanes-Oxley compliance work.

Bob is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants. Bob served on the American Board of Forensic Accounting for 5 years and the final 2 years as Chairman of the Board. He also served on the Board of the American College of Forensic Examiners for 2 years.