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The concept of fraud is all around us.  As technology continues to advance, so do the methods used to perpetrate fraud.  In addition, the fraudster seems to be getting more intelligent and developing innovative ways to plague businesses and individuals.

In today’s world, internal controls are a critical element to allow organizations to prevent and detect fraud.  Without proper internal controls, the “opportunity” portion of the fraud triangle is exposed.  It becomes an area where employees and other professionals can take advantage and perpetrate fraud.

This course review the top internal controls organizations can use to prevent and detect fraud. A great deal of information and statistics is taken from the Association of Certified Fraud Examiners (ACFE) 2016 Report to the Nations. Other good resources include the Kroll Fraud Report and the Committee of Sponsoring Organizations fraud guidance at COSO.org

Learning Objectives

  • Explore the internal control connection to fraud.
  • Recognize the characteristics of organizations that fall victim to fraud.
  • Explore the importance of fraud awareness.
  • Identify the most frequently used fraud controls.
  • Explore the most successful detection methods for fraud.
  • Explore anti-fraud methods at victim organizations.
Last updated/reviewed: October 10, 2018

32 Reviews (116 ratings)Reviews

5
Anonymous Author
Great course for learning about fraud and anti-fraud techniques.
4
Anonymous Author
This course is helpful and a good refresher. The time allotted is sufficient to cover all the relevant topics associated with the course. The instructor is very good and knowledgeable. The examples provided in each topic is also very helpful and the slides provided is very well summarized. This course is highly recommended.
4
Member's Profile
I really liked the breadth of the discussion. It will certainly help in developing fraud policy as well as Fraud prevention programs, including developing employee awareness of red flags
5
Anonymous Author
This course provided a helpful overview of the importance of internal controls. It also provided reminders of how vital 'hotlines' are in detecting fraud.
5
Member's Profile
Very informative, utilizing ACFE recommended and supported Fraud methods. It is focused and to the point without any unnecessary strolls out to left field.
5
Member's Profile
It remind me again that well established internal control system in a company contribute to protect a company from any wrong incident.
4
Member's Profile
Great course review on internal controls and preventing fraud. Lists some important information on preventing and detecting fraud.
5
Member's Profile
I really learned a lot about the internal control methods and effectiveness to prevent fraud at different types of institutions.
5
Member's Profile
Excellent course on internal controls. A great overview of the importance and use of controls to prevent and detect fraud.
5
Member's Profile
INTERESTING STATISTICS AND DETECTION POLICIES - CONTINUALLY CHANGING CLIMATE AND CHALLENGES
4
Anonymous Author
Highly recommended this course for auditors learning to look for fraud gaps and analyzing organizational controls.
5
Anonymous Author
Легко читается, легко усваивается. Спасибо, было интересно.
4
Member's Profile
Great review regarding Fraud and what to look for to detect Fraud. Highly recommended course for auditors.
5
Member's Profile
This course was thorough and thought provoking, so much so that I have a list of action items to revisit.
5
Member's Profile
good overview of the topic. highlights important proactive steps and provides examples of bad practice.
4
Anonymous Author
Great course, covered the essentials of the topic and the price was great as well, would recommend it!
3
Member's Profile
Provided good information from the ACFE 2016 report on fraud prevention and detection statistics.
5
Member's Profile
I'm doing this course while two guys in my department are California Dreamin'. Move back there!
5
Member's Profile
Excellent course. this class provided really good insights into fraud techniques and detection.
5
Member's Profile
Some different perspectives on the fraud prevention courses I have taken before. Interesting.
5
Member's Profile
The lecture was interesting, and the lecturer seemed invested in the discussion. Great class.
5
Anonymous Author
Good and holistic overview of fraud. Relevant to auditors, risk management personnel, etc.
5
Anonymous Author
A very good course on a very relevant topic. I was very interested in this subject.
5
Anonymous Author
I really enjoyed this course!!! Very good information and was presented very well.
4
Anonymous Author
This was a good course on what fraud is and how it can be detected and prevented
5
Member's Profile
Good information on Friday and more importantly fraud prevention techniques.
5
Anonymous Author
Excellent class for introducing the concepts of managing Fraud
5
Member's Profile
Good course. This was at the right level for a non-practioner.
3
Member's Profile
Great review and reminder about fraud detection techniques.
5
Anonymous Author
Complete summary of controls to prevent and detect fraud
5
Member's Profile
Very thorough review which provides current information
5
Member's Profile
There are lots of details about fraud in this course.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

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 .

3 QuestionsCourse Questions and Answers

Member's Profile

Hello Lynn. I really enjoyed your presentation. Do you cover in another course what to do when a company has found fraud? I am guessing there would be a list of procedures & rules of evidence to follow. Thank you

Member's Profile

Hi Bev. Thank you for the note. I have a whole series of courses in fact I have a certificate program on Fraud with Illumeo. If you look at the certificate program you will see manybof my Fraud courses. A couple are private just for certificate subscribers. But I have at least 20 hours of courses open on Fraud. The best way to find them is to see the certificate link highly suggest the certificate course if your budget allows.

Member's Profile

not sure if i filled out the valuation correctly, taken earlier today.
i should have filled out all "excellent". i suspect i completed the wrong end of the spectrum. i apologize if i did.

Course Syllabus
INTRODUCTION AND OVERVIEW
  3:52Introduction to Fraud: Focus on Internal Controls to Prevent and Detect Fraud
Prevent and Detect Fraud
  6:29Internal Control Connection to Fraud
  17:39Fraud Awareness
  5:11Victim Organizations
  4:01Concealment Methods
  1:29Top Controls to Implement
  13:53Data Analytics
  4:12Management Review
  10:42Hotlines
  4:49Fraudulent Documents
  7:54Document Destruction
  6:39Other Controls
  12:00Detection
CONCLUSION
  2:02Conclusion
CONTINUOUS PLAY
  1:40:53Fraud: Focus on Internal Controls to Prevent and Detect Fraud Continuous Play
Supporting Materials
  PDFSlides: Fraud: Focus on Internal Controls to Prevent and Detect Fraud
  PDFFraud: Focus on Internal Controls to Prevent and Detect Fraud Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM