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.
Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.
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.
- 1. Fraud in the Workplace - 2021 Update
- 2. Accounting Fraud (Text Based Course)
- 3. Internal and System Controls Overview
- 4. Understanding and Responding to Bribery & Corruption Red Flags
- 5. Auditor’s Guide to IT Auditing – Part 4
- 6. The Obligations of a Public Insurance Adjuster
- 7. Ethics - Identifying & Preventing Discreditable Acts (Text Based Course)
- 8. Sarbanes-Oxley (SOX) Section 404
- 9. Due Diligence Background Investigations: A 3-Step Process for Minimizing Risk
- 10. Performing an Effective Business Risk Assessment in Crisis Times
Included In Certifications
This course is included in the following Certification Programs:
11 CoursesBusiness Fraud Identification and Prevention Certification
- Introduction to Forensic Accounting
- The Fraud Triangle
- Fraud: Focus on Corruption
- Fraud: Focus on Fraudulent Disbursements
- Fraud: Focus on Cash And Assets
- Fraud: Focus on Inventory
- Fraud: Focus on Financial Statement Fraud – Part One
- Fraud: Focus on Financial Statement Fraud – Part Two
- Fraud and COSO 2013
- Top Occupation Fraud Schemes - ACFE Report to the Nations
- Fraud Risk Assessments
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Prerequisites
No Advanced Preparation or Prerequisites are needed for this course.