Financial statement fraud has wiped off billions from stock markets and ruined investors’ confidence. If we analyse cases of major financial statement fraud such as Enron, WorldCom, Parmalat and others, it becomes obvious that it is not the regulations to blame. In most instances, the signs were very visible, but deliberately ignored. In this session, we will analyse these cases and learn where things went wrong so we can attune ourselves, with professional skepticism, to detect and prevent financial statement fraud.
You Will Learn How To:
- Examine auditors’ responsibility regarding fraud
- Evaluate the importance of sticking to audit fundamentals
- Appraise the role of internal audit to detect fraud
Recommended Prerequisites: Basic understanding of auditing practices
Field of Study: Auditing