White collar criminals have spent decades fooling auditors to conceal financial statement fraud. They hide money, manipulate accounts, and inflate revenue... But in addition to the technical accounting aspects of fraud, many of the misdeeds are possible due to social engineering and manipulation of interpersonal relationships. Learn the seven easy steps fraudsters use to get away with financial statement fraud, even under the watchful eyes of the auditors.

This session is intended to alert executives, auditors, and investigators to the technical and interpersonal aspects of white collar crime that cause audit failure. It’s a well-known fact that audits often fail to detect fraud. This is primarily because traditional audits are not designed to detect fraud, but also because white collar criminals are adept at concealing their crimes. Learn the most common financial statement line items that executives use to conceal their frauds, and how they do it. Discuss the social aspects of audits and how white collar criminals help auditors fail in detecting fraud.

• Learn common technical aspects of financial statement frauds that escape detection by auditors
• Discuss social engineering tools used by white collar criminals to build rapport with auditors and decrease their professional skepticism
• Discuss well-known white collar criminals who used these techniques in furtherance of their crimes
• Discover ways that auditors can increase their chances of detecting financial statement fraud