CPAR Accounting & Financial Reporting

CPAR - 2020/October, Seg.02 - COVID-19: Are Your Financial Statements Infected? - Part II

COVID-19 imposed certain pressures on C-suite executives and has created an environment that is ripe for fraudulent activity. Pressure is one of the three legs in the fraud triangle model that can lead someone to commit fraud, along with perceived opportunity and rationalization. It’s easy to talk in general terms about pressure, opportunity and rationalization, but how does each one surface in day-to-day operations, especially during the pandemic? Todd Rahn, senior managing director and lead of accounting advisory practice on the west coast and Chris Brown, senior managing director, from FTI Consulting, continue our segment discussing related pressures, incentives and opportunities to commit financial reporting fraud that should be considered in an entity's risk assessment from a corporate perspective.

Learning Objectives:

  • Identify types of pressures, opportunities and rationalization executives are faced with,
  • Recognize challenges companies and auditors face on inventory observations,
  • Identify impairment considerations of other non-financial assets, and
  • Determine loan modification challenges under current expected credit losses (CECL).

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speakers / Authors:

Todd Rahn, FTI Consulting

Chris Brown, FTI Consulting


Price (USD)

Standard: $69.90


Course Code : CPAR1480-FM

Release Date : 10/30/2020
Expire Date : 12/12/2021
Credits :
CPE 2.00
QAS 2.00

Course Level : Update
Length : 1hr 40min
Course Type : Self-Study

Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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