Fraud Stories: The Tricolor Collapse (1st Ed.)

Overview

You may be surprised to learn how artificial intelligence is transforming the music you love. For example, what happens when AI creates songs based on other people’s work without credit or payment — How should musicians disclose the role of AI in their recordings — The challenges that AI poses for music, such as threats to intellectual property, confidentiality, fairness, and professional reputations, are also emerging in accounting. This one-hour ethics course invites you to explore one of your favorite subjects outside of work. You’ll discover how the five principles of ethical intelligence can help you listen to music in ways you never considered before. You’ll also see how these same principles guide you in making the best decisions in your accounting practice. This course offers NASBA-approved non-technical (behavioral) ethics credit and counts toward your 80-hour CPE requirement; however, it does not satisfy the California Board of Accountancy’s four-hour technical (regulatory) ethics requirement.

Highlights

• Fraud
• Internal controls
• Auditing
• Ethical issues
• Advanced accounting issues
• Risk management

Prerequisites

None.

Objectives

• Identify key fraud risk factors in subprime lending environments, including rapid growth, weak internal controls, and complex financing structures.
• Explain how schemes such as double pledging and data manipulation are used to inflate collateral and mislead lenders and auditors.
• Evaluate audit and oversight failures in detecting fraud and apply practical strategies to improve risk assessment and fraud detection.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.