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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: June 8, 2021

22 Reviews (97 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
Anonymous Author
This program was awesome and I really enjoyed Garlands style and charisma. Even though I am taking constantly courses related to fraud prevention and detection this one has a lot of interesting new information or perspectives to look at stuff.
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
I needed more than 8 hours for completing this course. But I very much liked the examples, where the instructor led us through investigation of tutorial fraud cases. I never saw such technique in other courses. Great work!
5
Member's Profile
Maybe because the instructor is from my part of the country, I always enjoy listening to him. This is a great course. The material was easy to understand and was presented in an informative and fun way.
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
Great class, engaging instructor, good materials! This instructor can hold my attention and his mix of details and case studies is perfect. I recommend this course very highly.
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
Member's Profile
Overall this course on Fraud and its implications is amazing and thorough. I did not expect this level of detail and information.
5
Member's Profile
The course was really wonderful, This course has definitely increased my Knowledge. Wish more course of Prof Garland is added.
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
This is a great course for Controllers who are interested in how they can monitor the financial statement to prevent fraud.
5
Member's Profile
A very emotional and effective coach. To improve the effectiveness of the course, there are many examples.
5
Member's Profile
A great refresher on fraud concepts with challenging case studies to also work off of to help reinforce.
5
Member's Profile
Good coverage of various topics and appropriate material to support learning, especially the case studies.
5
Member's Profile
Nice clear course material, excellent lecturer. His style is engaging and interesting and quite clear.
5
Anonymous Author
I liked that his whole presentation followed the study guide. It made it easier to learn and follow.
5
Anonymous Author
Presenter was charismatic. Content was interesting, but better visuals and examples could be used.
5
Anonymous Author
learning about fraud is so interesting. I did not like the studies at the end though.
5
Member's Profile
I am really happy taking this course, I have really learned some new lessons.
5
Member's Profile
Well presented. Presenter was easy to follow with good examples.
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