Using Ratios for Fraud Detection in Corporate Revenue Accounts
Mike Morley is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and the U.K. An entertaining and informative speaker, Mike is a recognized authority in the field of finance.
A consultant on SOX and IFRS projects, Mike is the author of “Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
Mike is the author of several books, including:
- “IFRS Simplified” which provides a jump starts for accountants and finance executives who want to quickly and easily get up to date on IFRS.
- “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
- “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Some ratios focus primarily on the revenue accounts, while others focus on the related accounts. Remember, if there is a fraudulent credit to revenue, there must be a fraudulent debit somewhere else in the financial statements. Accountants and internal auditors play an important role in preventing revenue manipulation by ensuring that proper revenue policies and procedures are being followed.
This webinar will provide you with an overview of some of the best practices in ratio analysis for fraud detection incorporate revenue accounts used today.
- External pressures that might lead to committing financial reporting fraud
- Internal red flags that might affect the revenue accounts
- Ratios that help spot unusual financial results
- Ratios that indicate which transactions should be analyzed in detail
- Ratios for finding account balances that might be inflated
- Ratios for verifying the relationship between revenue and other accounts
Course Level - Basic and Intermediate
Who Should Attend
- Board Members
- External Auditors
- Compliance Professionals
- Operational Professionals
- Finance Professionals
- Internal Auditors
Why Should You Attend
When evaluating the potential for fraud in the revenue cycle, ratio analysis is a highly effective technique to highlight revenue and asset account balances that are out of line with previous results, industry averages, or auditing/reviewing expectations. If you work in this area, can you really afford to be without this knowledge?