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If you are reading this, this course is for you. It is
not just for accountants and auditors . It is for
anyone and everyone who is interested in the
manipulation and falsification of Financial
The course is of particular interest to the
accounting profession, the world of finance and to
business in general.
Fraud in Financial Statements is found in almost
all countries. Asian countries and in particular
Singapore, China, Philippines and Malaysia are
not exempted from such an economic malady.
Studies have shown that financial statement
misstatements have occurred at both large and
small companies, at times causing a huge impact
on the bottom line and the share price. Financial
statement fraud causes a decrease in the market
value of a stock of approximately 500 to 1,000
times the amount of the fraud. The latest is of
course the infamous SATYAM case.