Fraud: Focus on Corruption

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.