Instructor
Jeffrey Sailor
Instructor
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings. For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Fraud remains a significant risk in financial reporting and auditing. This course takes a practical and engaging approach by examining some of the most well-known accounting fraud cases and the lessons learned from them. Through these case studies, participants will gain insight into how fraud occurs, how it is concealed, and the warning signs that may indicate fraudulent activity.
In addition to the case analysis, the course reviews authoritative guidance related to fraud, including fraud risk assessment in an audit environment. Key concepts such as the fraud triangle, common characteristics of fraud perpetrators, and techniques used to detect fraud are addressed. The course also incorporates elements of the COSO Fraud Risk Management Guide to strengthen understanding of internal controls and risk mitigation. Real-world examples and practical discussion are used throughout to reinforce learning.
Upon completion of this course, participants will be able to:
• Describe major accounting fraud cases and the key lessons learned
• Identify the nature of fraud, including its core characteristics
• Apply fraud risk assessment concepts in an audit context
• Recognize common fraud schemes and indicators
• Identify traits commonly associated with white-collar criminals
• Apply techniques used to detect fraud
• Identify key principles of the COSO Fraud Risk Management Guide
• Overview of significant accounting fraud cases
• The fraud triangle and characteristics of fraud
• Fraud risk assessment in auditing
• Common fraud schemes and red flags
• Behavioral traits of fraud perpetrators
• Fraud detection techniques
• COSO Fraud Risk Management Guide
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CPAs, auditors, and accounting professionals responsible for financial reporting or audit functions