The average financial statement fraud scheme results in a $5 million overstatement of assets or revenues and understatement of liabilities or expenses within a company. The infamous fraud involving the “Crazy Eddie” chain of electronics stores in New York was no exception. In this compelling DVD self-study course, you will hear Sam Antar, a former fraudster, describe a frenetic world of flamboyant pitchmen, manipulated competitors, bait-and switch schemes, and inventory fraud.

The workbook contains in-depth information about financial statement fraud, as well as interactive, practical problems and case studies. It also includes new discussions of fraud schemes including fraudulent off-balance sheet transactions, stock options backdating, and improper pension and post-retirement benefit accounting schemes.

What you will learn:

• In-depth exploration of financial statement fraud at HealthSouth
• Case examples throughout the course
• Discussion of Auditing Standard no. 5
• Fraud detection responsibilities of management and auditors
• Financial statement fraud scheme classifications
• Fictitious revenues and concealed liabilities and expenses
• Improper disclosures and asset valuations

Table of Contents (pdf)

Last updated: August 2008.

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• Corporate Fraud Handbook, 2nd Edition
• Business Fairy Tales: Grim Realities of Fictitious Financial Reporting
• Corporate Fraud: Case Studies in Detection and Prevention