Fraud continues to be perpetrated and has in many ways grown and expanded in various new and evolving risk areas. 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 digital 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 reviews 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 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.
- Discover and examine the characteristics of organizations that fall victim to fraud.
- Explore the importance of fraud awareness.
- Identify most frequently used fraud controls.
- Explore the most successful detection methods for fraud.
- Discover and examine anti-fraud methods at victim organizations.
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Prerequisites
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.
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
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.
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.