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: January 11, 2023
48 Reviews (222 ratings)

Reviews

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

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!

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
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
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.

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
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.

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.

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
Anonymous Author
The course materials and the instructor made this a very valuable course. Practical and easy to follow.

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

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

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