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Drawing from lessons learned from recent enforcement actions regarding violations of the U.S. Foreign Corrupt Practices Act (FCPA) and developments in the anti-fraud landscape, this course is designed to examine the typical red flags and highlight the best practices on fraud prevention and monitoring initiatives.

In this course, we will explore best practices on how to:

  • Develop a fraud risk management program;
  • Prepare a fraud risk assessment;
  • Deter, prevent or detect fraud risks;
  • Monitor fraud risks; and
  • Enhance FCPA compliance.

Learning Objectives

  • Explore key factors contributing to fraudulent behaviors
  • Identify common fraud schemes
  • Discover the process to mitigate fraud risks
  • Explore the fraud risk assessment process
  • Identify key anti-fraud controls
Last updated/reviewed: November 23, 2019

63 Reviews (225 ratings)Reviews

5
Member's Profile
Excellent coverage of important components. The presentation is really useful for my future reference.
4
Member's Profile
From the title I was hoping that the course would drill down further into internal controls themselves and how to identify control gaps in order to better mitigate fraud risk. However, it was a good overview of fraud risks and risk assessments. It was well organized and presented.
5
Anonymous Author
The instructor provides a great foundation for how to mitigate the risks of fraud at the Company. Additionally, I enjoy hearing about the consequences Companies have faced when they do not have effective fraud mitigation controls as a reminder of the importance of this assessment.
5
Anonymous Author
This course provides a basic understanding of identifying fraud, including risk examples, warning signs/red flags, and the monitoring process. It also dives into examples of mitigating risk and performing a fraud risk assessment.
5
Member's Profile
I liked the step by step process on how to mitigate fraud risk. Fraud risk is important to be knowledgeable of at every level of the company, and I think those course lays out a good plan on how to control the risk for everyone.
5
Member's Profile
My favorite course so far! I like to learn about Fraud Risks because not only does it make you stand out, but it is knowledge that can be applied to your clients to create a meaningful and impactful difference.
4
Member's Profile
The Presentation was clear and interesting and the Instructor's explanation was easy to Understand although i would have preferred if he could have further explained the FCPA and SEC's roles and duties
3
Anonymous Author
This course was a good refresher of fraud risk mitigation, fraud risk assessments, and fraud monitoring. However, the instructor read verbatim from the slides so it was a little drawn out.
4
Member's Profile
Material was laid out pretty well, but the slides seemed a little too packed. The text on the slides could be slimmed down or spread out (i.e. more slides with less text).
4
Member's Profile
Although the information presented was good, the presentation was a little dry. Most fraud courses I have taken in the past were much more engaging and interesting.
5
Member's Profile
Very well organized. Excellent use of slides and inclusion of a sample Fraud Risk Assessment. A lot of good information that can be implemented in any organization.
5
Anonymous Author
Anthony's course was concise but to the point and was a good refresher for those of us not engaged in fraud risk assessment and mitigation on a regular basis.
4
Anonymous Author
I enjoyed this course although I am very green when it comes to fraud risks and mitigation. I found it kept my interest and was easy to understand.
5
Member's Profile
Comprehensive overview with detailed steps to a good fraud mitigation program. Instructor laid out what was to be covered and then covered it.
5
Member's Profile
Good course. Lot of helpful information which was presented in a fashion that was easy to understand and retain. Would recommend the course.
5
Member's Profile
Course provides great details on FCPA compliance. It also includes real examples of the action taken by the SEC for violations of the FCPA.
4
Anonymous Author
good overview of FCPA, potential fraud risks and areas to keep in mind as you design controls and review transactions and look for signs.
4
Member's Profile
Great real world examples to help drive home the point that fraud is a real and continuing risk that we need to deal with as auditors.
4
Anonymous Author
This course covers the basics on how a company may mitigate/reduce their risk exposure to fraud through effective internal controls.
5
Anonymous Author
Great course. The presenter has covered well how assessment of risk and implementation of internal controls can reduce fraud risks
4
Member's Profile
Pretty good discussion on mitigating fraud risk. It's an hour, so it can't cover too much. But, it's a little generic. OK.
5
Member's Profile
very useful. I appreciated the comprehensiveness of the content and the topic was interesting and well presented. Thank you
5
Anonymous Author
В курсе приведены основы основ. Излодежено очень доступно! Спасибо
5
Anonymous Author
It's very educational, without any nonsense. It's the most rewarding, knowledge packed 1-hr CPE I'd attended thus far.
5
Member's Profile
Good overview of ways to identify/assess fraud risk and implement monitoring programs to help mitigate the risk.
5
Anonymous Author
I liked how there was an overview at the end of the course in order to help me remember all the key take aways.
2
Member's Profile
The slides provided as a PDF were 90% blank. This makes the PDF useless as a reference guide for the future.
5
Anonymous Author
This was the first course that I've taken under this instructor and the information is on point and timely.
5
Member's Profile
Course well laid out and very thorough. A difficult process to explain well, but this course did that.
5
Anonymous Author
Not my favorite course...too repetitive for my liking. I think the instructor could have done better.
5
Member's Profile
A very good course on internal controls. A good refresher for starting an internal audit position.
4
Anonymous Author
The course explains basic of Fraud risk and would be useful to all who is working related areas.
4
Member's Profile
I thought it covered a lot of material clearly and quickly. No surprises, but a good refresher.
5
Anonymous Author
I took this course as a refresher. It was a well presented course and hit all the objectives.
3
Member's Profile
basic presentation for main concepts of fraud... good overview of FCPA, potential fraud risks
5
Member's Profile
The lesson is a simple refresher to solidify your knowledge related to fraud risk mitigation.
4
Anonymous Author
the course gave me a high lively overview, but with enough specifics to make it meaningful.
4
Anonymous Author
Good information. Provides a good overview of FCPA for individuals with limited experience.
4
Member's Profile
This is a high level overview of fraud risks. A good introduction to mitigating risks.
4
Member's Profile
Go into more detail instead of the overarching frauds that we see and read about daily.
5
Anonymous Author
This was a great class on how to mitigate fraud risks with effective internal controls.
4
Anonymous Author
This is a good course on how to mitigate fraud in a short and concise framework.
4
Anonymous Author
Good talk. Would have been better if there are more real life scenarios/samples.
4
Member's Profile
very good and informative, easy to follow
4
Anonymous Author
The presentation was very good and the information very useful and relevant.
4
Member's Profile
Decent course for those unaware of how fraud is mitigated within a company
4
Anonymous Author
Good overview of FCPA, detailed and informative, and clearly explained.
4
Anonymous Author
Good course at a good price, covered all the areas needed for the course.
4
Member's Profile
Good overview, though I expected more details on fraud risk assessment.
5
Anonymous Author
Good Course. A quick refresher on some basic internal control concepts
5
Member's Profile
Great course for novices and refresher for experienced professionals,
4
Anonymous Author
Good High Level Overview of the concepts and some key tips to avoid.
4
Anonymous Author
A good review course of fraud risks with FCPA and fraud mitigation.
5
Member's Profile
This is such a Great course, material was very well presented.
5
Member's Profile
Excellent, great course, ready to implement this knowledge.
5
Member's Profile
Very general in nature. Name of training is more promising.
5
Anonymous Author
This course was well developed and well presented.
4
Member's Profile
Really enjoyed the FCPA explanations and examples.
4
Anonymous Author
Very good overview of effective internal controls.
4
Member's Profile
simply and ease to understand
5
Member's Profile
Easy quick survey
5
Anonymous Author
Great course.
4
Member's Profile
Good

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required 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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:59Introduction to How to Mitigate Fraud Risks with Effective Internal Controls
Mitigate Fraud Risks
  10:50Current Regulatory Land Scape
  5:57Fraud Risks Overview
  8:48Typical Warning Signs and Red Flags
  10:56Challenges to Effective Fraud Risk Management
CONCLUSION
  9:21Fraud Monitoring Process
Continuous Play
  49:50How to Mitigate Fraud Risks with Effective Internal Controls
SUPPORTING MATERIALS
  PDFSlides: How to Mitigate Fraud Risks with Effective Internal Controls
  PDFHow to Mitigate Fraud Risks with Effective Internal Controls Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM