On-Demand: Problems in Financial Reporting

In the wake of the massive corporate accounting scandals and the recent financial crisis, the importance of detecting problems in financial reporting has taken on new proportions. No longer reserved exclusively for accountants, financial disclosure is a concern for most lawyers who must be able to detect and report any suspicious of questionable reporting practices. This course is designed to equip lawyers with the basic skills to determine signs of corporate accounting fraud along with guidance on what to do when confronted with such matters.

Course Outline:

I. Introduction
II. Financial Statement Fraud
  • Revenue Liabilities
  • Contingent Liabilities
  • Inventory Valuation
  • Unrecorded Liabilities
  • Mark-to-Market Accounting
      III. Sarbanes-Oxley Compliance
      • Public Company Accounting Oversight Board
      • Rules for Lawyers
      • Proposed Changes