Management Fraud FRAUD EXAMINATION ALBRECHT & ALBRECHT Management Fraud CHAPTER 10.

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Presentation transcript:

Management Fraud FRAUD EXAMINATION ALBRECHT & ALBRECHT Management Fraud CHAPTER 10

Management Fraud Review Financial Statement Fraud Statistics

Management Fraud What are the motives for financial statement fraud?

Management Fraud Discuss Detecting Financial Statement Fraud

Management Fraud Complete the Fraud Exposure Rectangle Fraud Exposure Triangle

Management Fraud Discuss Management & Directors

Management Fraud Comment On & Explain Relationships with Others

Management Fraud Review & Explain Organization & Industry

Management Fraud What approach is taken to examining financial statements?

Management Fraud What approach is taken to examining financial statements?

Management Fraud What do the acronyms mean? 1.COSO is 2.SEC is 3.GAAP is

Management Fraud Match Terms & Definitions 10-K 10-Q SEC AAER Quarterly report publicly traded companies file with SEC Government Agency responsible for regulating stock trading & financial Statements of Public companies Annual report publicly traded companies file with SEC Document released by SEC when a company commits financial statement fraud

Management Fraud Terms & Definitions Match Financial Statement Fraud Financial Statements Treadway Commission It recommended changes in financial statements Reports summarizing cash & profits of an organization Intentionally misstating financial statements