Instructor for this course
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This 8 credit hour course, taught by Garland Granger, CIA, CPA, CFE. covers how to identify, eliminate, and deal with the risks and unnecessary expenses in a business setting. 

In this course we iscover the possible causes of fraud, waste, and abuse, identify who commits fraud and why, discover the various types of fraud and determine ways to detect and prevent them, consider techniques to obtain the necessary accounting or operational information, explore how to communicate with clients and/or management about the problems facing them when fraud occurs, discover how to work with both internal and external benchmarking to help determine if fraud may have occurred, and discover how to apply the techniques through the use of several fraud cases.

Learning Objectives

  • Discover the possible causes of fraud, waste, and abuse.
  • Identify who commits fraud and why.
  • Discover the various types of fraud and determine ways to detect and prevent them.
  • Consideration of techniques to obtain the necessary accounting or operational information
  • Explore how to communicate with clients and/or management about the problems facing them when fraud occurs.
  • Discover how to work with both internal and external benchmarking to help determine if fraud may have occurred.
  • Discover how to apply the techniques through the use of several fraud cases
Last updated/reviewed: November 18, 2019

9 Reviews (49 ratings)Reviews

4
Anonymous Author
Content of the course was very good and the instructor provide many examples to bring it to life. I appreciated the case study/problems at the end of the course. My only criticism is that that some of the exam question were poorly written and had more than one correct answer.
5
Member's Profile
This provided a lot of information for finance leaders to consider in order to strengthen internal controls to mitigate fraud. The case studies were very helpful to analyze financial data that may give indications of potential fraud.
5
Anonymous Author
Very good discussion of methods of preventing fraud and detecting instances of fraud, based on information from the Association of Certified Fraud Examiners. The case studies were very helpful.
5
Member's Profile
This was a good course. I had problem with some of the problems involving ratios and could not see the best way to solve them. Maybe that could be improved. Overall, a great course.
5
Anonymous Author
Excellent course, Great for novices and as a review for experienced personnel. Probably should be updated since references are from 2012-14 era.
5
Anonymous Author
Very well summarized. I really liked the structure of this course. Basics of fraud schemes combined with real case examples.
5
Member's Profile
Good coverage of various topics and appropriate material to support learning, especially the case studies.
5
Anonymous Author
learning about fraud is so interesting. I did not like the studies at the end though.
5
Anonymous Author
Analyzing Financial Information to Reduce Fraud, Waste, and Abuse

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  19:03Lesson 1- Course Overview - Part 1
  16:38Lesson 2- Course Overview - Part 2
  23:02Lesson 3- Course Overview - Part 3
  15:08Lesson 4- The Fraud Triangle
  14:20Lesson 5- Behavioral Red Flags and Fraud in the Workplace
  12:52Lesson 6- Three Types of Fraud And Financial Reporting Fraud Part 1
  15:19Lesson 7- Financial Reporting Fraud Part 2
  12:55Lesson 8- Analytical Symptoms of Revenue - Related and Inventory - Related Fraud
  13:40Lesson 9- Techniques for Asset Overstatement Fraud and Techniques for Understatement of Liabilities and Expenses
  13:47Lesson 10- Review Financial Reporting Fraud Questions #1 and 2
  13:19Lesson 11- Review Financial Reporting Fraud Questions #3 and 4
  19:51Lesson 12- Types of Misappropriation Schemes (OFA) Part 1
  21:28Lesson 13- Types of Misappropriation Schemes (OFA) Part 2
  21:11Lesson 14- Making Good Concessions in Ice Hockey A Fraud Related Problem Part 1
  22:19Lesson 15- Making Good Concessions in Ice Hockey A Fraud Related Problem Part 2
  19:34Lesson 16- Problem #2 - The Case Of The Fraudulent Fix-it Shop
SUPPORTING MATERIALS
  PDFStudy Guide: Analyzing Financial Information to Reduce Fraud, Waste, and Abuse
  PDFAnalyzing Financial Information to Reduce Fraud, Waste, and Abuse Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM