Instructor for this course
more

The Association of Certified Fraud Examiners (ACFE) has introduced the concept of a fraud tree.  The tree delineates three major categories of fraud as:

  • Corruption
  • Asset Misappropriation
  • Financial Statement Fraud

This course evaluates the concepts that fall within the corruption segment of the fraud tree.  We examine the various components of corruption and solutions that can be used to mitigate corruption impacts.  In doing so, we evaluate the types of corrupt activity that may lend itself to financial fraud.

In addition, we evaluate the sub-components of the corruption leg of the fraud tree.  They include:

  • Bribery
  • Conflict of Interest
  • Illegal Gratuities
  • Economic Extortion

To identify how fraud can be mitigated, individuals must understand the types of fraud that are most prevalent to their business.

Learning Objectives

  • Explore the definition of corruption and its connection to fraud.
  • Explore types of financial corruption, causes and specific business sectors involved.
  • Explore the Association of Certified Fraud Examiners (ACFE) fraud tree that includes corruption.
  • Explore the concepts of conflict of interest (COI), bribery, illegal gratuities, and economic extortion.
Last updated/reviewed: November 12, 2020

Included In Certifications

This course is included in the following Certification Programs:

11 CoursesBusiness Fraud Identification and Prevention Certification

  1. Introduction to Forensic Accounting
  2. The Fraud Triangle
  3. Fraud: Focus on Corruption
  4. Fraud: Focus on Fraudulent Disbursements
  5. Fraud: Focus on Cash And Assets
  6. Fraud: Focus on Inventory
  7. Fraud: Focus on Financial Statement Fraud – Part One
  8. Fraud: Focus on Financial Statement Fraud – Part Two
  9. Fraud and COSO 2013
  10. Top Fraud Schemes
  11. Fraud Risk Assessments

30 Reviews (112 ratings)Reviews

5
Anonymous Author
Good course on providing understand of fraud and corruption with some practical case studies. The presentation is clear and very easy to understand, even for the freshers.
5
Member's Profile
Interesting course for Sourcing, Audit, Risk
5
Anonymous Author
Good real world examples to aid in understanding. Lynn is a good instructor and her classes are very easy to understand. Her slides are through enough to provide for later recall on the subject matter.
5
Anonymous Author
A great refresher course regarding fraud and corruption. It discusses the different types of fraud and corruption, as well as, the techniques on how to identify these red flags and how to manage them.
4
Anonymous Author
Excellent introduction to the fraud tree presented by the experienced Lynn Fountain. Very clearly described these components and relevant everyday considerations. Great course!
5
Member's Profile
I cannot say enough about Lynn and her courses. In this course she gives a great overview with case studies that can build out ones acumen in this arena.
4
Anonymous Author
Course covered the topics stated. Presenter was appropriately detailed and explained the Fraud Tree effectively and efficiently, with relevant examples.
5
Anonymous Author
Subject matter was interesting and course delivery and materials were easy to understand. Helpful information for those involved in procurement.
5
Anonymous Author
The course provided great information in learning what constitutes corruption under the ACFE Fraud Tree. Great course!
4
Anonymous Author
Good content and examples used to tie concepts to activities. Clear explanations on the different types of corruption.
5
Anonymous Author
Great course from Lynn. Great examples and explanations which would be hard to learn somewhere else.
4
Anonymous Author
Great course on fraud and corruption. I never knew that corruption is now considered part of fraud.
5
Anonymous Author
This course was well prepared and well presented with excellent insights and practical examples.
5
Member's Profile
Good course. Useful information, well presented. Test questions clear and covered in material.
4
Member's Profile
Nice overview and good explanation on the differences between corruption and fraud.
5
Member's Profile
This was a really good course. The subject matter was very relevant and helpful
5
Member's Profile
Great review course or introductory course. As always, very well presented.
4
Member's Profile
Good use of time to cover the material. More examples would be appreciated
5
Anonymous Author
I thoroughly enjoyed this course. The course content was easy to follow.
4
Anonymous Author
A pretty educational course to refresh my knowledge on corruption.
5
Anonymous Author
crucial topic to be included in audit plan for the coming year.
5
Anonymous Author
I thought this course complements my job as a risk specialist.
4
Anonymous Author
Interesting course covering the various types of corruption.
4
Member's Profile
interesting topic and good coverage of relevant material.
4
Member's Profile
Loved this course. It makes me think of becoming a CFE.
5
Member's Profile
This course provides a detailed review of corruption.
5
Member's Profile
Very much enjoyed the subject matter of this course.
5
Anonymous Author
very informative.indepth understanding of corruption
5
Member's Profile
Good review of corruption. Good use of examples.
5
Anonymous Author
Good presenter who can maintain your interest.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed 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
  3:24Introduction to Fraud Tree: Focus on Corruption
Focus on Corruption
  2:54Corruption
  10:01Types of Corruption
  9:50Corruption in Sectors
  8:09Causes and Types of Corruption
  14:17ACFE Fraud Tree Corruption
  7:27Bribery
  12:03Bid Rigging
  4:58Illegal Gratuities
Conclusion
  8:15 Economic Extortion
CONTINUOUS PLAY
  1:21:18Fraud Tree: Focus on Corruption
SUPPORTING MATERIALS
  PDFSlides: Fraud Tree: Focus on Corruption
  PDFFraud Tree: Focus on Corruption Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM