Financial Statement Fraud
The presentation will look at a number of case studies and will show what happened, who the main players were, how the fraud was perpetrated and what were the penalties if any.
Presentation
Recording
Financial statement fraud is one of the few frauds typically conducted by numerous individuals, often involving the senior members of the organization. The most costly of all reported frauds, financial statement fraud according to the ACFE has a mean average of $800,000 per case. Double-entry bookkeeping has been with us since 1340, but assets being on the same side as expenses will always allow people with ingenuity to manufacture financial statements. As some people say, our books are balanced 50% is genuine and 50% is made up.
The presentation will look at a number of case studies and will show what happened, who the main players were, how the fraud was perpetrated and what were the penalties if any.