Financial Statement Fraud (“FSF”) is the deliberate misrepresentation of the financial condition of an enterprise accomplished through the intentional misstatement or omission of amounts or disclosures in the financial statements to deceive financial statement users. It involves overstating assets, revenues and profits and understating liabilities, expenses and losses - Association of Certified Fraud Examiners (ACFE).

The session will address common schemes perpetrated by upper-level management to achieve their fraudulent objectives, red flags which may indicate the presence of manipulation, application of basic investigative and statistical techniques to detect FSF and evaluation of risk factors involved in financial reporting practices.