Course Category: Interactive Self-Study eBook

This course addresses red flags auditors should be mindful of in compliance audits, cybersecurity evaluations, and going concern assessments. Topics include how to spot violations of legal and regulatory requirements, signs of inadequate cybersecurity measures, and how to evaluate the going concern assumption in light of financial difficulties or operational risks. The course also discusses…

This course explores common red flags found in financial reporting and revenue recognition that auditors should watch for during an audit. Key topics include identifying unusual patterns in financial statements, such as irregular revenue or expense recognition, discrepancies in accounts, and indicators of financial manipulation. The course also covers red flags in revenue recognition practices,…

This course focuses on red flags related to internal controls and audit evidence. This course covers weaknesses in internal controls that could indicate potential financial mismanagement, fraud, or operational inefficiencies, such as inadequate segregation of duties, lack of oversight, or unexplained adjustments. It also examines how auditors can detect suspicious audit evidence, including inconsistent or…

This course looks at how the timing of cash coming in and going out can affect reported liquidity. It covers common tactics like speeding up collections, slowing down payments, and using short-term window dressing near period end. As you work through the material, you will see how these timing choices can make cash flow look…

This course provides a comprehensive overview of the auditor’s responsibilities in complex financial reporting environments, with a strong focus on how companies manipulate financial statements and operating cash flow through revenue and expense schemes, asset and disclosure distortions, classification and timing tactics, structured transactions, and misleading presentation, including non-GAAP measures. Building on that foundation, the…

This course outlines the responsibilities auditors have when addressing possible illegal acts during an audit. It covers the definition of illegal acts in the audit context, how such acts may affect financial statements, and the practical limits of what auditors can detect. Major topics include recognizing signs of violations, evaluating their impact, responding appropriately when…

This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and…

This course provides an overview of the various forms of financial fraud and manipulation that can distort financial statements and mislead stakeholders. It addresses tactics used by some companies to artificially inflate revenue, understate liabilities, mismanage assets, and misreport disclosures. By understanding these fraudulent practices, auditors can better identify these types of frauds and ensure…

This course looks at the ways companies can influence operating cash flow and make liquidity appear stronger than it really is. It covers common methods, including reclassifying activities, factoring receivables, and using supplier finance programs. Timing-based tactics, such as accelerating collections or delaying payments, are also reviewed. The course examines how transaction structures, prepayments, and…

This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management’s role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud.…