Identify common types of financial statement fraud. Identify factors to consider when assessing fraud risk. Explain the kind of symptoms the fraud exposures exhibit. Identify scheme-specific fraud exposures. Explain factors to be considered when evaluating red flags. Describe revenue-related financial statement fraud. Describe how inventory is overstated to commit fraud. . Identify how the cost of goods sold is manipulated to commit fraud. . Describe understatement of liability fraud