Shell Games: Investigating Shell Companies

Shell Games
Course Level
Delivered via
2 Credits


Do you really know who your vendors and customers are? While you may have a name on a contract, an email address, a physical address and a bank account, it doesn't necessarily mean they are legit. If they are a shell company, how would you know? More importantly, how would you investigate them to know for sure?

In this course, enhance your investigative knowledge of shell companies and learn how they are used by international fraudsters.


Experience with the nature and establishment of shell companies their purpose and use in disguising potential fraud

You Will Learn How To:

Recognize how and why shell companies are used for criminal purposes

Identify regions in which shell companies are commonly registered

Recall methods used to identify and investigate shell companies, including red flags

CPE Information

CPE Credit: 2 Credits
NASBA Information: Auditing
Advanced Preparation: None
Last Updated: July 2023
Delivery Method: QAS Self-Study


Ryan C. Hubbs, CFE, CIA, CCEP - Speaker


CPE Credit

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound


The Association of Certified Fraud Examiners, Inc. 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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