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Financial Statements Fraud

Financial Statements Fraud

Why Attend

Internal fraud cases and illegal accounting schemes committed by corporations or individuals are becoming more prevalent. Therefore, the existence of a robust fraud prevention, detection, and control system is critical to ensure that an organization is financially sound. This course takes participants from the theory and concept of fraud detection to its implementation and practice in order to protect investors and companies from fraud in financial statements. In addition, this course provides the necessary tools to help professionals add value to their organization by examining financial statements and determining if there is a likelihood of fraudulent financial reporting.

Associations
Associations
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Overview
Course Methodology

The course uses a blend of instructor presentations, individual and group exercises, analysis of actual case studies, and the application of analytical tools learned during the course.

Course Objectives

By the end of the course, participants will be able to:

  • Identify fraud and fraudsters
  • Recognize different types of fraud schemes in organizations
  • Analyze company financial statements to determine if there is earnings manipulation
  • Assess quality of financial statements using different tools
  • Implement fraud controls to decrease the likelihood of fraud in the organization
Target Audience

Professionals in the field of finance and accounting, controllers, accounting managers, senior and chief accountants, financial analysts, internal and external auditors, and accountants at all levels seeking to enhance their financial statement fraud detection skills.

Target Competencies
  • Detecting fraud
  • Preventing fraud
  • Identifying fraud
  • Controlling fraud
  • Recognizing fraud schemes
  • Assessing bankruptcy risk
  • Identifying earnings management
  • Examining financial statements quality
Note

This is a hands-on training course using laptops, which will be made available by Meirc Training & Consulting for courses held in the UAE. For courses outside the UAE, participants are required to bring their own laptops with a fully functioning version of Microsoft Excel (Office 365, Excel 2021 or higher).

Course Outline
  • Identifying fraud and fraudsters
    • Introduction to fraud
    • Fraud triangle
      • Pressure
      • Rationalization
      • Opportunity
    • Fraudsters’ profile 
  • Fraud schemes
    • Executive fraud
    • Fraud schemes in financial statements
    • Fraud schemes in assets
    • Fraud schemes in liabilities
    • Fraud schemes in expenses
    • Fraud schemes in sales
  • Ratio analysis
    • Michael Porter's five forces
    • Common size analysis
    • Altman Z-score assessing potential bankruptcy
  • Assessing quality of financial reports
    • Framework for assessing quality of financial reports
    • Potential problems that affect the quality of financial reports
    • Beneish model: M-score on manipulated earnings
    • Evaluating the earnings quality of a company
    • Evaluating the cash flow quality of a company
    • Indicators of balance sheet quality
  • Internal control environment
    • Fraud detection
    • Fraud prevention
    • Fraud response
    • Internal controls
    • Corporate governance and ethics
    • Code of conduct
    • Internal control environment
Associations
Associations
National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

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Schedule & Fees

2025 Schedule & Fees

There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

2026 Schedule & Fees
Per participant
  • 9 - 13 Aug, 2026
  • English
  • Dubai
  • Venue to be assigned
Fees + VAT as applicable (including coffee breaks and a buffet lunch daily) Discount Plans & Cancellations Policy

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

Virtual Learning

This course is also offered in Virtual Learning, click on the course below.

Financial Statements Fraud - Virtual Learning
Meirc Online Learning Solutions
Financial Statements Fraud - Virtual Learning
9 - 13 Aug, 2026
English
Virtual Learning
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