Uncovering Fraud with Advanced Financial and Ratio Analysis

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Course Level
Delivered via
4 Credits
Uncovering Fraud with Advanced Financial and Ratio Analysis


Data analytics can be a valuable tool for fraud examiners. Examining important patterns in data allows you to understand what is occurring within an organization and also enables effective decision-making. Ratios and financial analysis are used by many professionals to analyze organizations’ performance and financial health. Moreover, they can also be used to help you identify the red flags of fraud.  

In this course, you will learn about using ratios and other analytical techniques as tools for detecting all three categories of fraud: asset misappropriations, financial statement fraud and corruption.

Topics Covered Include:

  • Different fraud schemes detected through ratio analysis
  • Cash conversion cycle analysis
  • Micro-level composition ratios
  • Spending ratios 
  • DuPont Model and multiple-ratio scores to detect fraud
  • Other types of financial and ratio analysis
  • Nonfinancial data in fraud detection


A solid understanding of the creation of and relationships between an organization’s financial statements and records.

You Will Learn How To:

Determine the fraud detection capabilities of traditional horizontal, vertical and ratio analyses.

Recognize the different financial analyses aimed at detecting specific types of fraud schemes.

Identify financial anomalies, including duplicate transactions and violations of Benford’s Law.

Apply complex ratios and other multiple-factor analyses.

Plan targeted ratios that combine nonfinancial data with financial data.

Table of Contents

Lesson 1 Introduction
Lesson 2 Ratio Analysis and Fraud Detection
Lesson 3 Financial Ratios - Part 1
Lesson 4 Financial Ratios - Part 2
Lesson 5 Financial Ratios - Part 3
Lesson 6 Using Multiple-Ratio Scores to Detect Fraud
Lesson 7 Other Types of Financial and Ratio Analysis
Lesson 8 Using Nonfinancial Data in Fraud Detection
Lesson 9 Conclusion

CPE Information

CPE Credit: 4
NASBA Information: Accounting
Advanced Preparation: None
Last Updated: October 2023
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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