Financial Reporting Issues—What Lawyers Need to Know

There are no seminars scheduled for this course at this time. 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 Fraud Recognizing the Symptoms of Fraud, Approaches to Detecting Fraud
10:00 a.m. - 11:30 a.m.	Inadequate Disclosures Balance 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 Fraud Revenue 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 Fraud Sarbanes-Oxley, Internal Controls
3:30 p.m. - 4:00 p.m.	Case Studies Enron, WorldCom
4:00 p.m. - 5:00 p.m.	Ethical Violations Versus Fraud Ethical Responsibility of Managers, Ethical Responsibility of Auditors, Legal Follow-Up on Fraud

No seminars are scheduled for this course at this time.

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