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HEL964 – Crossing the Line Case Studies

Course and Test $ 30.00
Course and Test PDF $ 15.00
Additional Hard Copy Test $  3.00
Additional Online Test $  3.00
SKU: HEL964 Category:

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CPE Credit Hours: 1

Field of Study: Auditing


This course is based on two recent financial statement fraud cases: Dewey & LeBoeuf and ContinuityX. Dewey & LeBoeuf was a high-profile law firm that, at its peak, had over 3,000 employees and over 1,400 lawyers. It is alleged that personnel at Dewey & LeBoeuf made inappropriate financial adjustments starting in 2008 to meet its bank lending covenants and planned to conceal these adjustments from its “clueless auditor.” Dewey & LeBoeuf declared bankruptcy in 2012.

ContinuityX was an internet services reseller that, according to an SEC complaint, fabricated 99% of its revenue. It was audited by a firm that was fined and disciplined by the SEC, and the partner responsible for the audit was also fined and permanently suspended from practicing before the SEC. ContinuityX declared bankruptcy in 2013.

Both cases involve financial statement fraud, auditor deception and some lessons to be learned.

More Information

This is a self-study CPE course.
Program level: Overview
Prerequisites: None
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase