CPAs spend most of their working lives reviewing bank statements and books and records of businesses. They are experts in understanding how to prepare financial statements according to GAAP. But would a CPA know a possible money laundering transaction if they saw it? Would they know about a money laundering business? Money laundering is a subject of many action and thriller movies, but rarely understood. This presentation will educate the CPA in understanding the basics of money laundering and how to identify money laundering. This presentation will help the CPA know the truth about money laundering, how to identify it, the statutes that define it, and the court cases that interpret it. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Analyze the roles, responsibilities, and key skills required for forensic accountants.
- Evaluate the ethics in forensic accounting and strategies for ethical decision-making.
- Prepare clear, concise, and objective expert reports, including understanding their components and best practices.
- Conduct thorough investigations, gather evidence, and write accurate and detailed investigation reports.
- Critique investigation reports and economic damage calculations through real-world examples and case studies.
Major Topics
The major topics covered in this class include:
- A step-by-step process from the initial client phone call to you writing a report of your findings for any civil or criminal actions that may be pursued
- How to advise your client in approaching an allegation of embezzlement
- What pitfalls may arise in finding the truth
- The best practices to ensure that the evidence is preserved properly for potential civil or criminal actions
