Instructional Delivery Method: Group Live-Seminar

CPE Credit and NASBA Field of Study: 8 Hours, Auditing

This comprehensive one-day seminar shows accountants and auditors how to analyze potential fraud in conformance with the requirements of SAS 99. Participants will examine over 40 illustrations of fraud, learn the associated red flags that lead to suspicion of fraud and will learn how to detect fraud. Participants leave this seminar with a systematic manner of detecting fraud in their organization or in a client’s organization.

  • Understand COSO and Internal Control Concepts


  • Understand the Fraud Triangle and SAS 99 Requirements Related to Fraud


  • Understand How and Why Fraud Transpires, Recognize Fraud’s Red Flags and Detect Fraud for:


  • Major Balance Sheet Account Frauds: Cash, Receivables, Inventory, Fixed Assets, Payables, Long-Term Debt and Equity


  • Major P&L Account Frauds: Revenues, Cost of Sales, Payroll and related disbursement frauds


  • Fraudulent Financial Reporting


  • Key Components of SAS 99 – Fraud Risk Assessment (FRA)


  • Examination Overview


  • Cash Theft/Fraud Schemes – 5 Examples,
    31 Red Flags and Detection Methodology


  • Receivables Theft/Fraud Schemes – 5 Examples, 36 Red Flags and Detection Methodology


  • Revenue/Receivable Fraudulent Financial Reporting –7 Examples, 30 Red Flags and Detection Methods


  • Inventory Fraud Schemes – 5 Examples,
    35 Red Flags and Detection Methodology


  • Fixed Asset Fraud Schemes – 4 Examples
    11 Red Flags and Detection Methodology


  • Payables/Disbursement Fraud Schemes
    – 11 Examples, 60 Red Flags and Detection Methodology


  • Payroll Frauds – 5 Examples, 15 Red Flags and Detection Methodology


  • Debt and Equity Fraud Schemes
    – 5 Examples, 8 Red Flags and Detection Methodology


  • Potential Abuses with QuickBooks and Similar G/L Software

Who should attend: This seminar is ideal for CFOs, Controllers, Staff Accountants, Finance and Accounting Department Personnel, Independent Auditors, Internal Auditors, and Government and Private Industry Financial Professionals.

Prerequisites: Basic Knowledge of Auditing and Internal Control

Program Level: Basic

Advance preparation: None

For a comprehensive course description and to view a brochure click a link below:

To register for this In-House Seminar, please fill out this questionnaire to help pinpoint your group's in-house needs, and assist NCCE in putting together a top-notch in-house seminar for your organization.


Cost effective for 10 or more employees. Click here for more information on in-house seminars.

NCCE is only holding in-house seminars right now but NCCE will offer our seminars including Recognizing the Red Flags of Fraud to the public starting in 2013.


Click here to be put on a notification list for NCCE's public seminars starting in 2013.

The National Center for Continuing Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
For more information regarding administrative policies such as complaint and refund,
please contact our offices at 850-561-6081.

National Center for Continuing Education

967 Briarcliff Drive - Tallahassee, FL - 32308 - Fax: (850) 222-4862

Phone: (850) 561-6081 -