Financial Statement Frauds

Thumbnail – Financial Statement Fraud


  • Intermediate



  • 5 SIDC CPE points
  • 4 FIMM CPD points


ICF Competency Type / Title / Level

  • Functional – Process Skills / Due Diligence / Level 3


Learning Outcome

  • Discuss general characteristics of financial statement fraud
  • Recognise various causes of financial statement fraud
  • Analyse financial statement frauds using real case studies


Course Synopsis

Financial scandal is a persistent fact of investment life, affecting businesses of all sizes and investors of all over the world. While there is no foolproof method of preventing the scandal, the risk can be minimized with a good understanding of the “why and how” of the fraud. This course is primarily directed toward the mitigation of financial statement fraud. It will take the participants on the journey of international and Malaysian financial statement frauds, providing a basic summary of better practical techniques in fraud prevention and detection.


Course Content

Total learning: 11 lessons / 1 quiz Time: 60 minutes
  • Downloadable Notes  0/1

    • 1.1
  • Overview  0/1

    • 2.1
  • Cases of International Financial Statement Fraud  0/6

    • 3.1
    • 3.2
    • 3.3
    • 3.4
    • 3.5
    • 3.6
  • Cases of Malaysian Financial Statement Fraud  0/2

    • 4.1
    • 4.2
  • Prevention and Detection  0/1

    • 5.1
  • Summative Assessment  0/1

    • Quiz6.1


Dr. Theang Kok Foo

Dr Theang is a Certified Public Accountant in California, U.S.A, with over 25 years of experience in the financial sector. He began his career as an auditor with Ernst & Young in Washington, D.C. and is currently working as a licensed equity dealer with a major stockbroker in Malaysia. He is also a professional trainer who conducts investment seminars for Malaysia’s leading financial institutions on a regular basis. His areas of expertise include portfolio management, fundamental analysis, technical analysis and market forecasting. Dr Theang obtained his PhD in Finance from Monash University Malaysia. He also has a Master of Science in Accounting from the University of Delaware as well as a Bachelor of Science in Accounting from the University of Louisiana at Lafayette.


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(SST included)


  • 5 SIDC CPE points
  • 4 FIMM CPD points