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2024 Was It Fraud or Just Poor Audit Quality?

 Various
 
1.6
Registration is Open
Member Price
$59.00 Regular Registration
Your Price
$79.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Mon, 06/02/2025 from 3:00 pm to 4:27 pm
 Wed, 06/11/2025 from 9:00 am to 10:27 am
 Thu, 06/26/2025 from 12:00 pm to 1:27 pm
 Fri, 07/11/2025 from 2:30 pm to 3:57 pm
 Wed, 07/23/2025 from 10:00 am to 11:27 am
 Thu, 08/14/2025 from 2:30 pm to 3:57 pm
 Tue, 08/26/2025 from 10:00 am to 11:27 am
 Sat, 09/06/2025 from 2:30 pm to 3:57 pm
 Wed, 09/17/2025 from 10:00 am to 11:27 am
 Fri, 10/03/2025 from 2:30 pm to 3:57 pm
 Fri, 10/24/2025 from 10:00 am to 11:27 am
 Fri, 11/07/2025 from 2:30 pm to 3:57 pm
 Tue, 11/18/2025 from 10:00 am to 11:27 am
 Wed, 12/03/2025 from 2:30 pm to 3:57 pm
Designed For:

Accountants and auditors at all levels

Prerequisite:

None

This session describes a state agency's quality review of a not-for-profit organization's A-133 Single Audit.  The case study describes the organization audited, its federally- and state-funded programs, and the CPA firm retained to do the audit.  Various anomalies in the financial statements alerted state officials to potential problems, and a detailed quality review followed.  Find out how the entity turned hundreds of thousands of dollars in bank overdrafts into hundreds of thousands of dollars of cash on its balance sheet.  Explore other “creative” ways to deal with fixed assets, accounts receivable, and related-party transactions.  Were the auditors just sloppy, ignorant, negligent?  Or were they active participants in producing fraudulent financial statements?  You be the judge.

Delivery Method: Individual webcast
CPE Credit: Accounting, Auditing
Program Level: Basic

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • How easily financial statements can be manipulated
  • How checklist auditing is dangerous
  • Consequences for poor or negligent audit work
  • The importance of auditor objectivity and independence

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.