International Financial Reporting Standards for Financial Statement Fraud

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Course Level
Delivered via
2 Credits
International Financial Reporting Standards for Financial Statement Fraud


This course covers the basics of financial statement fraud including red flags and ways to detect potential schemes, with a focus on International Financial Reporting Standards (IFRS). It provides an overview of IFRS and guidance related to revenue recognition revisions under IFRS.

Key Takeaways:

  • Types of financial statement fraud schemes 
  • How to identify red flags in financial statements  
  • Methods used to detect financial statement fraud 
  • Impact of international reporting standards on reporting processes globally


Basic knowledge of financial transactions and accounting

You Will Learn How To:

Assess international financial reporting standards and their potential impact on the financial reporting process globally

Examine financial statement fraud in general and related fraud schemes

Identify red flags of financial statement fraud schemes

Determine methods used to detect financial statement fraud

Table of Contents

Lesson 1 Financial Statement Fraud
Lesson 2 Responsibility for Financial Statements
Lesson 3 International Financial Reporting Standards
Lesson 4 IFRS 1 First-Time Adoption
Lesson 5 IFRS 13 Fair Value Measurement
Lesson 6 IFRS 15 Revenue from Contracts with Customers
Lesson 7 Revenue Recognition Fraud Schemes
Lesson 8 Improper Deferral of Costs and Expenses
Lesson 9 Improper Asset Valuation
Lesson 10 Improper Recording of Liabilities
Lesson 11 Inadequate Disclosures
Lesson 12 Detecting Fraud Through Financial Statement Analysis

CPE Information

CPE Credit: 2
NASBA Information: Accounting
Advanced Preparation: None
Last Updated: December 2022
Delivery Method: QAS Self-Study


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:


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