Course purpose
This course introduces the examination of suspected intentional financial-statement misstatement. It connects reporting incentives and management override to assertions, journal entries, estimates, revenue, inventory, related parties and disclosures, while distinguishing an investigative finding from an auditor’s opinion or a legal determination.
Learning outcomes
On successful completion, the learner should be able to:
1. Distinguish financial statement fraud from error and asset misappropriation in a reporting context.
2. Connect suspected misstatement methods to financial-statement assertions and targeted evidence procedures.
3. Evaluate and communicate possible intentional misstatement, management override and limitations responsibly.
