2 CPE 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.
Last updated/reviewed: August 16, 2023
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
58 Reviews (217 ratings)
Reviews
Margo Palmer
( at NA)
A great course on the components of corruption. Ms. Fountain's courses on forensics/fraud are extremely interesting - this one was no exception. There were lots of lists and definitions; the course was well-organized. All good stuff...
Anonymous
(Internal Control Manager)
When checking this e-learning it was a very nice experience to realize that in our company how important is that the employees are properly educated and also that safe environment is created for them to talk/report suspicious cases.
K Harper
( at JLL)
Interesting course for Sourcing, Audit, Risk
Anonymous
(CPA, CFE, MBA)
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.
Anonymous
(Accounting Manager)
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.
Dorothy Burns
(Staff Auditor II at DHHS)
Regarding employees accepting gifts from external parties, you could inform the listeners that a policy for accepting gifts sets boundaries for employees including executives to abide by.
Anonymous
(-)
Excellent introduction to the fraud tree presented by the experienced Lynn Fountain. Very clearly described these components and relevant everyday considerations. Great course!
Anonymous
(Associate Director)
Great overview of common forms of corruption and red flags on identifying them. Recommend to any CPA to have a good foundation / understanding of the common forms of corruption.
Anonymous
(Assistant Internal Audit Manager)
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.
Anonymous
()
in our days with the highly growth rate of the business and corruption in same time, i believe this course have useful and great brief to detect and prevent it.
Lawrence Hirsch
(Controller at Builders design)
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.
Anonymous
(Manager)
Course covered the topics stated. Presenter was appropriately detailed and explained the Fraud Tree effectively and efficiently, with relevant examples.
Anonymous
(Associate Director)
Subject matter was interesting and course delivery and materials were easy to understand. Helpful information for those involved in procurement.
Anonymous
(Internal Review Specialist)
The course provided great information in learning what constitutes corruption under the ACFE Fraud Tree. Great course!
Anonymous
(Audtor)
Good content and examples used to tie concepts to activities. Clear explanations on the different types of corruption.
Anonymous
(Accounts Payable Specialist)
An excellent overview of corruption as it pertains to fraud that covers the bases but doesn't overstay its welcome.
Anonymous
(Systems and Procedures Analyst)
The Fraud: Focus on Corruption course was beneficial, because of how critical fraud has become in the work place.
Inna Shmukler
(Controller at Fornetix LLC)
Very interesting and informative course. Lots of new and useful information. Very well organized and presented.
I really liked the examples. I did not know anything much about corruption but this was a good introduction.
Anonymous
(Internal Control Officer)
Very well structured and explanatory. I mike the references to the fraud tree and the supporting examples
Anonymous
(SFA)
Great course from Lynn. Great examples and explanations which would be hard to learn somewhere else.
Anonymous
(Consultant - Process Specialist)
Great course on fraud and corruption. I never knew that corruption is now considered part of fraud.
Anonymous
(CFO)
This course was well prepared and well presented with excellent insights and practical examples.
Mahmoud Elsayed
(Internal Audit manager at GET Group)
Instructor is very nice and her way is soft and smooth . I enjoyed listening to her for 2 hours.
Anonymous
(IT Advisory Snr. Associate)
This is more of a refresher course. Nothing surprised me. Everyone will gain from this training.
Jack Brown
(Consultant at JB Consulting LLC)
Good course. Useful information, well presented. Test questions clear and covered in material.
Mark Zaepfel
(Senior Auditor at CBP - Customs & Border Protectio..)
Good course, Very interesting. A lot of sounds like a lot that is going on in the world.
Arlene Anderson
(Senior Auditor at CBP DHS GOV)
I liked the detail explanation and the examples for the different types of corruption.
Anonymous
()
This is a very interesting course on corruption and fraud presented in a clear manner
Sophia Kasozi
(- at City of Edmonton)
Nice overview and good explanation on the differences between corruption and fraud.
David Robertson
(N/A at N/A)
Thorough review of corruption practices. Refreshing on the red flags was valuable.
Lilian Valcarcel
(Assurance Specialist at Anglo American PLC)
Well paced and structured. The instructor is eloquent and provides clear examples.
Anonymous
(Associate Director)
In my opinion this course was easy to follow and provided some useful information.
Steven Whitehead
( at Neighborhood Health Plan)
This was a really good course. The subject matter was very relevant and helpful
Anonymous
()
This course provides a good understanding of fraud in the context of corruption.
Anonymous
(Internal controls manager)
This course gave again good points to think about processes in the companies.
Anonymous
()
The information for this course was presented clearly for the subject matter.
Craig Campbell
( at National Reconnaisance Office)
Great review course or introductory course. As always, very well presented.
Warren McLean
(Self Employed at Retired)
Good use of time to cover the material. More examples would be appreciated
Anonymous
()
great course afadfdfadfasdfasdfadsf adfadsfadfadsfadfafa afadfasdfdsfadsf
Anonymous
(Manager - Compliance and Risk Management)
I thoroughly enjoyed this course. The course content was easy to follow.
Anonymous
(Audit Manager)
A very thorough review of the ACFE corruption branch of the fraud tree.
Anonymous
(System Procedure Analyst)
Lynn did a great job of explaining the different types of Corruptions.
Anonymous
(Financial Reporting Manager)
Course is ok. Slides are useful. It's nice that you get 2 CPE hours.
Anonymous
(Internal Auditor)
great course, great teacher, everything is clear and understandable
Anonymous
(CPA, CFE, CGMA)
A pretty educational course to refresh my knowledge on corruption.
Anonymous
(Head of Internal Audit)
crucial topic to be included in audit plan for the coming year.
Anonymous
(Accountant, Internal Auditor, Risk Speci..)
I thought this course complements my job as a risk specialist.
Anonymous
()
Interesting course covering the various types of corruption.
Muhammad Baig
(Managing Director at N/A)
interesting topic and good coverage of relevant material.
Ara Toroyan
(Director - Financial Planning & Proc.. at NCCI Holdings, Inc.)
Loved this course. It makes me think of becoming a CFE.
Anonymous
(Grey Market Program Manager)
Very simple and easy course which is explained clearly.
Anonymous
(Internal Audit Manager)
Overall, good course and discussion on these topics.
Sonya Brander
(Chair at WHO)
This course provides a detailed review of corruption.
Theodore Zeck
(Certified Public Accountant at Theodore R. Zeck, CPA)
Very much enjoyed the subject matter of this course.
Anonymous
(SURVEILLANCE LEADER)
very informative.indepth understanding of corruption
Chris Grimes
(Rules Master at Cisco)
Good review of corruption. Good use of examples.
Anonymous
(Sr. Auditor)
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
.
Lynn FountainCPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
About Illumeo
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- Phone: 408-400-3993
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