Webinar: Was It Fraud or Just Poor Audit Quality?
WB1123 | Course | Basic | Scheduled
Description
This session describes a state agency's quality review of a not-for-profit organization's A-133 Single Audit. The case study describes the organization audited, its federally- and state-funded programs, and the CPA firm retained to do the audit. Various anomalies in the financial statements alerted state officials to potential problems, and a detailed quality review followed. Find out how the entity turned hundreds of thousands of dollars in bank overdrafts into hundreds of thousands of dollars of cash on its balance sheet. Explore other “creative” ways to deal with fixed assets, accounts receivable, and related-party transactions. Were the auditors just sloppy, ignorant, negligent? Or were they active participants in producing fraudulent financial statements? You be the judge.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.60 | Auditing |
Designed For
Accountants and auditors at all levels
Prerequisites
None
Highlights
- Financial statement manipulation
- Ethics enforcement process
- Auditor conflicts of interest
Objectives
- How easily financial statements can be manipulated
- How checklist auditing is dangerous
- Consequences for poor or negligent audit work
- The importance of auditor objectivity and independence
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $59.00
- Non-Member (Early Bird)
- $79.00
- Member
- $59.00
- Non-Member
- $79.00