Accounting & Auditing

Benford’s Law: How to Use It to Spot Fraud

Conventional wisdom suggests that each digit has an equal chance of being the first digit, but Benford's law shows that lower numerals always have a greater chance at being the leading digit compared to higher numerals.

Fraud Talk: Behind the Scenes of Wirecard's Billion-Dollar Accounting Fraud

In this episode of Fraud Talk, Mason Wilder, CFE, ACFE senior research specialist, and Brian Fox, vice president of strategic partnerships at Thomson Reuters and president & founder of Confirmation, discuss the rise and fall of the German payments group, Wirecard. 

The Oversight Role of Supreme Audit Institutions

Supreme Audit Institutions (SAIs) play an important role in national and global economy by ensuring that public resources are managed properly and in accordance with established rules.  

Shakira Tax Evasion Case: Did the Hips Don't Lie Singer Lie About Where She Was Living?

International pop star Shakira has been in the spotlight this past week – not because of a new album or performance, but for a looming trial in a tax fraud case.

Top 8 Concealment Methods Used by Fraudsters

An act of fraud rarely occurs without subsequent acts to hide it. In the time after a fraud takes place, perpetrators are working in multiple ways to either circumvent controls or take advantage of a lack of controls.

What Is Benford's Law and Why Do Fraud Examiners Use It?

Benford’s Law can be a tricky concept to grasp at first, but it provides an extra method for fraud examiners to test data for potentially fraudulent activity. Here’s more on what it is exactly and how fraud examiners can use it.

The Role of Forensic Accountants in Measuring and Detecting Fraud in Employee Loss Claims

Simple Frauds That Should Have Been Caught

The $200,000 Car: When Fraudsters Use Audit Guidelines to Steal

The ACFE Warns Against Changing Sarbanes-Oxley Rules

A measure approved last week by the House Financial Services Committee to change Sarbanes-Oxley audit rules would lead to a higher incidence of fraud and an increase in the amount of fraud losses, according to the Association of Certified Fraud Examiners (ACFE).

How Internal Audit Powers Fraud Investigations and Protects Organizations from Within

Among the most valuable assets in an organization’s fraud prevention toolkit is its internal audit team. Internal auditors have the advantage of an insider’s view of an organization’s controls, making them uniquely positioned to help identify fraud risks and support investigations.

Auditing for Internal Fraud

As an auditor, finding fraud is part of your professional responsibility. Auditing for Internal Fraud will help you develop and sharpen your existing skills...

Root Cause Analysis: Getting to the Root of the Matter

Management, auditors, and anti-fraud professionals are regularly monitoring for the red flags of fraud in organizations more today than ever before...

Embedding Fraud Detection into Internal Audit (Expert Insights Self-Study)

Auditing CPE Bundle

Professional Skepticism: The Power of Fraud Knowledge (On-Demand Webinar)

Did you know that lack of professional skepticism is cited as one of the main reasons for audit failure? In this on-demand webinar...

Dusting Your Data for Fraud’s Fingerprints (On-Demand Webinar)

Fraudsters think that they won’t get caught because they are unique and smart and because nobody’s looking...

Why Audits Fail to Find Fraud (On-Demand Webinar)

Could auditors be overlooking fraud in your organization? This on-demand webinar examines five case studies in which auditors glossed over frauds of more than...

Finding Fraud Through Internal Audit: 3 Case Studies (On-Demand Webinar)

In this on-demand webinar, you will learn about three fraud cases detected by internal audit, each of which led to criminal prosecution. You will discover what...

How to Use Analytics to Identify Specific Fraud Schemes (On-Demand Webinar)

Many webinars focus on general discussions around analytics, fraud schemes and the use of technology...

How to Prevent Accounting Fraud Using the Pareto Principle (On-Demand Webinar)

Public and private organizations are vulnerable to accounting fraud risk. As shown by public accounting scandals, accounting fraud can have a devastating impact...

Fraud Investigations from A-Z (On-Demand Webinar)

No two fraud examinations are alike. Despite this, every fraud investigation that you encounter follows a series of logical steps and requires specific techniques to reach...

Combating Crypto Crimes: Pig Butchering Scams and NFT Thefts in the Web 3.0 Space

Theft, fraud and money laundering of cryptocurrency assets threaten the integrity of blockchain technology as billions of dollars are estimated to be lost each year...

Don’t Just Check the Box: Planning and Executing Grant Audits to Identify Fraud (On-Demand Webinar)

This webinar will explore real case studies in which auditors identified fraud during routine grant audits using innovative audit procedures...

Show Me the Money: Indirect Methods of Determining Income (On-Demand Webinar)

Determining whether all income has been accurately and truthfully disclosed in divorces and other litigations can require using indirect methods to reconstruct...

Your Path to Becoming a Successful Fraud Examiner (Expert Insights Self-Study)

The skills and processes required to conduct fraud examinations can be overwhelming for investigators, regardless of their level of education or experience...

Corporate Con: Internal Fraud and the Auditor (Workbook/Online Video Self-Study)

Learn about internal fraud schemes, the detection methods used to uncover them and preventive measures that can help reduce the incidence of internal fraud.

How to Detect and Prevent Financial Statement Fraud (PDF Workbook/Online Video Self-Study)

How to Detect and Prevent Financial Statement Fraud provides an overview of financial statement fraud, including why it is committed and what the motives are behind…

Cooking the Books: What Every Accountant Should Know About Fraud (PDF Workbook/Online Video Self-Study)

Learn methods of detecting and preventing financial statement and financial reporting fraud through two notorious financial statement fraud cases: WorldCom and HealthSouth.

The Art of Determining Predication

You will learn what predication is, why it is important and how to determine if predication is present.

Mind the Gap: What Is the Auditing Expectation Gap? (Nano Self-Study)

Understanding GAAP Principles (Nano Self-Study)

The U.S. generally accepted accounting principles (GAAP) ensure that financial statements accurately reflect the business's health and adhere...

International Financial Reporting Standards for Financial Statement Fraud (Online Self-Study)

Discover the basics of financial statement fraud including red flags and ways to detect potential schemes, with a focus on International Financial Reporting Standards (IFRS).

Grant Fraud: Recognition, Prevention and Detection

Uncovering Fraud with Advanced Financial and Ratio Analysis

Auditing for Vendor Fraud (Online Self-Study)

Discover the measures can be taken to minimize this risk and prevent and detect vendor fraud by examining why vendor audits should be conducted and more.