The Concealment of Assets
RVACFES 60 – The Concealment of Assets – 2 CPE – To purchase this lecture add it to your Cart and follow the on-screen instructions …
Human beings have been hiding assets from each other since the dawn of time. In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset). The typical forensic engagement is often a tug of war between the Forensic Accountant’s client(s) and the entities (public or private) whose assets and liabilities the FA is trying to schedule. Locating hidden assets is an art in itself and the client’s whole litigation strategy can turn on the identification and description of these critical components of the case. This lecture attempts to set the generic scene for the more specific types of asset hiding like money laundering and illegal conveyance.
100 minutes of self study plus 10 minutes to answer 10 questions for a total of 110 minutes.
When you have finished reading your lecture, please return to this page and take the following quizzer ….
Answer the quizzer questions for CPE credit. Don’t forget to hit the Send button when you’ve completed the form! We will e-mail you a certificate of completion.