Contact Us : 800.874.5346        International: +1 352.375.0772
Contact Us : 800.874.5346        International: +1 352.375.0772

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
  1. Overview of the Issues
  2. Types of Fraud
  3. The Fraud Risk Model
  4. Too Much Authority -- Horsing Around
  5. Lack of Oversight -- One Bad Apple
  6. Background Checks -- And Check the Checks
  7. Theft of Inventory -- A Jewel Case
  8. A Case of Lapping -- Sleight of Hand
  9. Ghosting of Employees -- Carper Caper
  10. Sale of Scrap -- Another Man’s Treasure
  11. Retail Sales -- Cash Is King
  12. Stealing Information -- Asset of a Different Color
  13. Lack of Segregation of Duties -- Move the Needle
  14. 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.

State Board and other CPE agency registrations can be viewed on our sponsor approvals page.

For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).