This course will discuss how related party transactions can be used to perpetrate fraud. In addition, we will discuss some massive financial statement frauds that have used these transactions to deceive financial statements users.
Course ID: RPFU
Related Party and Fraud Update
Learning Objectives
After completing this course, participants will be able to:
- Distinguish related party transactions from arm’s length transactions as well as disclosed related party transactions and undisclosed related party transactions.
- Recognize how related party transactions can be used to perpetrate fraud.
Major Topics
- Related Party Transactions vs. Arm’s Length Transactions
- Disclosed vs Undisclosed Related Party Transactions
- How bad actors can use related party transaction to perpetrate fraud
Who Should Attend
Auditors involved with entities with related party transactions and accounting professional who are interested in fraud.
Fields of Study
AuditingPrerequisites
None