Financial Reporting Issues—What Lawyers Need to Know
To find out more about when and where you can participate in this course, click on a seminar in the "Upcoming Seminars" column on the right.
Or, you can find out more information by contacting Telestrat at or
by calling 1.877.647.5460.
In the wake of the massive corporate accounting scandals such as Enron, WorldCom, and Parmalat, the importance of detecting financial reporting problems has taken on new proportions. No longer reserved exclusively for accounts and financial analysts, accounting problems affect most attorneys who now must detect and report any suspicions of questionable reporting practices as per the Sarbanes-Oxley Act of 2002. This Continuing Legal Education (CLE/MCLE) course is designed to equip attorneys with the basic skills to determine signs of corporate accounting problems along with guidance on what to do when confronted with such matters.
Click here to download Chapter 1 of The Wall Street MBA by Telestrat President Reuben Advani
| 9:00 a.m. - 10:00 a.m. |
The Nature of FraudRecognizing the Symptoms of Fraud, Approaches to Detecting Fraud |
| 10:00 a.m. - 11:30 a.m. |
Inadequate DisclosuresBalance Sheet, Income Statement, Cash Flow Statement, Footnotes |
| 11:30 a.m. - 12:00 p.m. |
MD&A Report |
| 12:00 p.m. - 1:00 p.m. |
Lunch (on your own) |
| 1:00 p.m. - 3:00 p.m. |
Financial Statement FraudRevenue Recognition, Percentage of Compliance, Inventory Valuation, Fictitious Sales, Deferred Expenses, Unrecorded Liabilities, Mark-to-Market Accounting, Off-Balance Sheet Structures |
| 3:00 p.m. - 3:30 p.m. |
Preventing FraudSarbanes-Oxley, Internal Controls |
| 3:30 p.m. - 4:00 p.m. |
Case StudiesEnron, WorldCom |
| 4:00 p.m. - 5:00 p.m. |
Ethical Violations Versus FraudEthical Responsibility of Managers, Ethical Responsibility of Auditors, Legal Follow-Up on Fraud |