9362022 4.00

Author: Robert K Minniti

CPE Credit:  4 hours for CPAs

One of the main reasons CPAs and other accountants often fail to detect fraud is that they are too honest. They find it difficult to think like a criminal.

This course is designed for individuals who would like refresh their understanding of fraud schemes and to learn how to recognize the red flags for detecting fraud. Understanding how criminals commit fraud is the first step in preventing fraud. This course is updated to review frauds that were prevalent in the last year including frauds related to COVID-19 and the war in Europe.

Publication Date: July 2022

Designed For
CPAs, CFEs, and others in the accounting field and is appropriate to fulfill the 4 hour fraud requirement for California CPAs.

Topics Covered

  • Fraud Theories
  • Fraud Statistics
  • Reporting Fraud
  • Common Fraud Schemes
  • Types of Tax Frauds
  • Types of Bid Rigging
  • Phishing, Vishing & Smishing
  • Cyber Frauds
  • Cryptocurrency Frauds
  • Money Laundering
  • Corruption
  • COVID-19 Frauds
  • Post Fraud Reactions


Learning Objectives

  • Identify red flags for fraud
  • Recognize fraud schemes that affect businesses and individuals
  • Identify which type of corruption bid rigging normally falls under
  • Describe the fraud triangle
  • Recognize the most common concealment method used by fraudsters
  • Describe an example of CryptoLocker
  • Identify types of corruption
  • Recognize the most common behavioral red flag for fraud
  • Identify which type of payroll fraud uses fictitious employees
  • Recognize which accounts receivable frauds involves management misstating the accounts receivable balance to lenders
  • Describe what is not tied to bidder exclusion
  • Recognize types of management payroll fraud
  • Describe types of money laundering which can involve using lawyers
  • Identify how phishing is done
  • Recognize which type of cyber-attack is used to try to take down a website



Instructional Method

NASBA Field of Study
Accounting (4 hours)

Program Prerequisites

Advance Preparation

Additional Course Details

  • Filed of Study: Accounting
  • Publisher: Wolters Kluwer
  • Course Level: Basic
  • Pre-Requisites: None
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