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Courses/Accounting & Tax/Financial Reporting & Statements

Financial Statement Shenanigans: Stop Them from Fooling You

Identify common ways that financial statement fraud fools' users.

Created byJay Giannantonio
4.6
(730 reviews)
IntermediateUpdated Mar 19, 2025
Financial Statement Shenanigans: Stop Them from Fooling You

What You'll Learn

check_circleUnderstand Motives: Comprehend the reasons behind financial statement fraud.
check_circleSpot Fraud Techniques: Recognize common methods for manipulating financial data.
check_circleAnalyze Cases: Review real-world corporate scandals involving financial misconduct.
check_circleStrengthen Detection Skills: Enhance their ability to identify irregularities and potential fraud.

About This Course

Senior management yearns to report positive news and impressive financial results that will please investors and bankers, and drive value higher.

While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether to misrepresent their financial results.

The major topics covered in this class include:

  • Factors that cause people to commit financial statement fraud
  • The seven most common ways of "cooking the books"
  • Specific corporate scandals that highlight "financial shenanigans"
  • Increasing your awareness of possible techniques to detect financial statement irregularities and potential fraud

Field of study: Auditing

Your Instructor

Jay Giannantonio
Jay Giannantonio

Accomplished Finance Transformation Executive

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star781 reviews

Accomplished Senior Finance Transformation leader with proven success in guiding companies to improve finance operations, impact business growth, and maximize profits through achievements in financial management, cost reductions, internal controls, and efficiency improvements. Extensive finance, administration, and public accounting experience in diverse industries including manufacturing, pharmaceutical, and business services companies. A recognized expert in EPM program and project management, The Balanced Scorecard/KPI ideation, Risk Assessment, COSO, Internal Audit, Project Management, ERP financial business requirements, and SOX compliance in complex systems. Agile and Scrum frameworks experience.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6
Student's Choice
730 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.