Fraud: Focus on Cash And Assets

The Association of Certified Fraud Examiners (ACFE) has developed a fraud tree which categorizes types of fraud schemes into the following three primary areas:

• Corruption
• Asset Misappropriation
• Financial Statement (FS) Fraud

Previous courses have addressed corruption and asset misappropriation related to fraudulent disbursements and financial statement fraud.   This course will address asset misappropriation – specifically cash on hand and cash receipts.

To identify how fraud can be mitigated, individuals must understand the types of fraud most prevalent to their business.  Asset misappropriation is a scheme in which an employee steals or misuses the employing organization’s resources. For asset misappropriation – cash on hand and cash receipts – this course delves into various components that impact these categories.

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.