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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: May 23, 2018

Included In Certifications

This course is included in the following Expert Certifications:

11 CoursesBusiness Fraud Identification and Prevention Certification

  1. Intro to Forensic Accounting and Investigation
  2. Dissecting the Fraud Triangle
  3. Fraud: Focus on Corruption
  4. Fraud: Focus on Fraudulent Disbursements
  5. Fraud: Focus on Cash Component of Asset Misappropriation
  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

12 Reviews (44 ratings)Reviews

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.
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
The course provided great information in learning what constitutes corruption under the ACFE Fraud Tree. Great course!
4
Anonymous Author
Great course on fraud and corruption. I never knew that corruption is now considered part of fraud.
4
Member's Profile
Good use of time to cover the material. More examples would be appreciated
4
Anonymous Author
A pretty educational course to refresh my knowledge on corruption.
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
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