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: August 17, 2023
77 Reviews (317 ratings)

Reviews

4
Member's Profile
This was an excellent course for increasing awareness of the necessity for a keen eye when reviewing financial statements. All variations are not Fraud, Waste or Abuse but all statements should be looked at with an eye toward "what does not make sense or look right". I realize the course is designed to help with uncovering Fraud, Waste and Abuse, however not all accountants are forensic in their approach to a review. This is true even when a client asks for assistance with some facet of the financials they have been given. The question is always, "What has happened to my COGS? The course's broader appeal is unique. I do believe the course materials should be reviewed and updated. In particular the final exam has a question with one of the answers indirectly pointing to materials covered in ASC 842, Accounting for Leases??? Really?? Generally, the course was interesting, with lots of detail and the cases were fun to work through. I took the position of working out my answers to each case prior to listening to the lecture segment of the case likely solution. Thank you Mr. Granger

5
Anonymous Author
An outstanding overview of excellent information from start to finish. I absolutely loved the pulling-apart of financial relationships to show how marginal-analysis over a period of time can (easily) highlight items/areas of risk. However, I do have one potential concern on the exuberance of a "CFE" going dumpster-diving for evidence, getting search-warrants, etc. A few of these items in this area seemed to be a bit out-of-lane or to be cautioned, concerning role/responsibility. That was the ONLY time my eyebrows went up (i.e., a truly outstanding presentation otherwise).

5
Anonymous Author
I was initially surprised by the storytelling approach of the instructor, since I was expecting something more formal. But over the course of the training, I grew to love the instructor's approach. If I am still a student he will easily become my favorite professor, he made the 8 hours very interesting and dynamic.

4
Member's Profile
Wonderful course, great examples. Was confused by some seemingly conflicting information in the reports but very helpful in understanding the topic. This instructor has a lot of valuable experience that he uses to give a practical understanding of the subject. Looking forward to more courses from him!

3
Anonymous Author
It's okay of a course. Most of this course is repetitive. Maybe if accountants/cpas actually took the idea of fraud seriously might be meaningful. Unfortunately, so many cpas just don't appear just want to push the work through without actually providing accurate financial information.

5
Anonymous Author
Great review of fraud and the tools used to prevent and detect it in a business, as every business faces the possibility of asset misappropriation and financial statement manipulation. I appreciated the descriptions of analysis tools as research functions - trust but verify.

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
Really enjoyed the specific examples of fraud and the case analysis. Would have liked the answers provided (especially the amount of fraud committed on the 1st case) to compare to mine. Two of the review questions were wrong or stated badly and should be corrected.

5
Member's Profile
Good course. We recently uncovered a skimming scheme by a 10+ year employee. We have some controls in place, but he was still able to circumvent them. That sparked my interest in this topic again. Picked up a few ideas that we may be able to implement.

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.

4
Member's Profile
This course was very relevant for me since this is not an area I deal with on a regularly bases. The information was through. The materials could use improvement especially for visual learners like me. Loved the examples.

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
I truly enjoyed this course. the use of real life scenarios made it even more interesting. The instructor was very effective in presenting the course materials. I will recommend this course to anyone.

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
Anonymous Author
The Fraud topic is asways so interesting and this course provided examples and case studies to drive the concepts home in a practical way. I really enjoyed this course and would recommend it.

5
Anonymous Author
Interesting course, with great information about fraud detection and investigation techniques. Case studies provide interesting insight into real world applications of fraud investigation.

5
Anonymous Author
The course materials and the instructor made this a very valuable course. Practical and easy to follow. I recommend a refresher of this course for anyone in a fraud related role.

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
Member's Profile
Great course. I loved the scenarios presented. They offered a great chance to think through different scenarios to gain a better understanding of how easily fraud can occur.

5
Anonymous Author
The course inspired me to become a CFE. It is meaningful and helpful in such a way that it helps me put up a risk-based audit planning/ what could happen type of audit planning.

5
Anonymous Author
This is a very thorough course with thought-provoking exercises. The instructor walks through the example problems which is very helpful in understanding the course content.

5
Anonymous Author
Long course, lots to review and consider. I enjoyed the topics, would like to see the exhibits updated with the results of the analysis for the case studies.

5
Anonymous Author
Great course for all auditors. Can also be very useful for strategizing substantive analytical procedures around balance sheet and income statement testing.

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.

1
Member's Profile
some of questions were subjective vs objective - additional characters of at least 50 are also not necessary in presenting this requested review

5
Anonymous Author
Loved the examples and the use of formulas to explain the fraud concept/ relationship in the balance sheet and financial statements.

5
Anonymous Author
Great presentation by Professor Garland Granger!! Note: He might want to update his profile pic. It would be an improvement :)

5
Anonymous Author
Really enjoyed the teaching style and presentation of the information. The case studies were great examples of how to detect fraud.

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.

3
Member's Profile
Not relevant to me. Definitely took the small business approach. Would have liked a course on fraud related to large companies.

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
Great course that gets to the heart of the issues. Materials flow naturally and are good for the test and future reference.

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
Anonymous Author
The course was highly informative. Nothing surprised me. This course will be beneficial to everyone irrespective of level.

5
Member's Profile
Very good review of the topic. It especially does a good job of covering various fraud schemes committed by individuals.

5
Anonymous Author
Great examples in this class. It was interesting to hear the how and what to look for which made it very practical.

4
Anonymous Author
Great refresher on internal controls and how it applies to real life setting. Also liked the index of important terms.

4
Member's Profile
this was a nice course to learning about Analyzing Financial Information to Reduce Fraud, Waste, and Abuse

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
Member's Profile
Very Current and uses good case studies. Motivated me to read the entire 2022 report to the nations.

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.

4
Member's Profile
its a great course with full of information! i find it useful for me to detect a fraud next time

4
Anonymous Author
Very informative. Good course for being able to spot red flags and possible fraud in reporting.

4
Anonymous Author
Course was good but I thought it was too long. However, there was a lot of good information.

5
Anonymous Author
The course was easy to follow. It covered a great deal of material, but summarized it well.

5
Member's Profile
Excellent course covering the important areas to focus on to limit fraud within a company.

4
Member's Profile
I really enjoyed the case studies. Time allotted to the learning activity was appropriate.

5
Anonymous Author
nofreeadsfromnofreeadsfrommemenofreeadsfrommenofreeadsfrommenofreeadsfrommenofreeadsfromme

5
Anonymous Author
This was a good course overall. Nice source to review basic information. much appreciated.

5
Anonymous Author
learning about fraud is so interesting. I did not like the studies at the end though.

5
Anonymous Author
very useful and meaningful course. very recommended to be taken by professionals.

5
Member's Profile
Great course to review fraud in the Company and ways to monitor and identify it

5
Member's Profile
It is 8 credits course, so the depth of learning is deeper than other courses.

5
Member's Profile
I am really happy taking this course, I have really learned some new lessons.

4
Anonymous Author
Material was good The instructor did a great job Covered big part of fraud

5
Anonymous Author
Great course, clear and concise, would recommend others to take this course

4
Member's Profile
Concepts were clearly explained and very is easy to understand. Thank you!

5
Member's Profile
The course instructor is passionate and provides a great level of detail.

5
Member's Profile
Great course, loved the examples. Speaker was a great motivated speaker.

4
Anonymous Author
Good refresher and good sample exercises that challenge what was taught.

5
Anonymous Author
Good course, really great examples cases! Highly recommend this course!

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

4
Anonymous Author
Very good course for all fraud examiners and internal auditors.

5
Anonymous Author
This was a helpful resource for understanding risk. Thank you.

5
Member's Profile
the case studies were great applications of the course content

5
Member's Profile
Love this instructor - great examples and great explanations

5
Anonymous Author
Great course and the case studies were very interesting.

5
Member's Profile
Interesting course, I especially liked the case studies.

5
Member's Profile
Great course with relatable case studies and examples.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Lesson 1- Course Overview - Part 119:03
  Lesson 2- Course Overview - Part 216:38
  Lesson 3- Course Overview - Part 323:02
  Lesson 4- The Fraud Triangle15:08
  Lesson 5- Behavioral Red Flags and Fraud in the Workplace14:20
  Lesson 6- Three Types of Fraud And Financial Reporting Fraud Part 112:52
  Lesson 7- Financial Reporting Fraud Part 215:19
  Lesson 8- Analytical Symptoms of Revenue - Related and Inventory - Related Fraud12:55
  Lesson 9- Techniques for Asset Overstatement Fraud and Techniques for Understatement of Liabilities and Expenses13:40
  Lesson 10- Review Financial Reporting Fraud Questions #1 and 213:47
  Lesson 11- Review Financial Reporting Fraud Questions #3 and 413:19
  Lesson 12- Types of Misappropriation Schemes (OFA) Part 119:51
  Lesson 13- Types of Misappropriation Schemes (OFA) Part 221:28
  Lesson 14- Making Good Concessions in Ice Hockey A Fraud Related Problem Part 121:11
  Lesson 15- Making Good Concessions in Ice Hockey A Fraud Related Problem Part 222:19
  Lesson 16- Problem #2 - The Case Of The Fraudulent Fix-it Shop19:34
SUPPORTING MATERIALS
  Study Guide: Analyzing Financial Information to Reduce Fraud, Waste, and AbusePDF
  Analyzing Financial Information to Reduce Fraud, Waste, and Abuse Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam