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Organizations of all kinds and sizes are increasingly threatened by fraud. For example, 5% of all gross revenue is lost to fraud each year, according to the Association of Certified Fraud Examiners.

Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless crimes committed by employees against organizations of all kinds and sizes.

Through a combination of lectures, case studies and reviews, this course provides CFOs and other corporate finance professionals with a strong foundation of practical knowledge about how the common frauds are committed.

In this course we will discuss:

  • Who commits fraud
  • Why employees commit fraud
  • How to detect red flags of common schemes
  • Essential fraud detection tools and techniques
  • Software tools for auditing for fraud
  • Best practices for developing and implementing anti-fraud controls

Learning Objectives

  • Discover the breadth and depth of the fraud problem
  • Identify the motives of internal fraudsters
  • Be able to explain the mechanics of specific fraud schemes
  • Identify the red flags of fraud
  • Be able to detect and investigate employee fraud
  • Build an anti-fraud control environment
Last updated/reviewed: October 28, 2018

48 Reviews (168 ratings)Reviews

3
Anonymous Author
This course had all of the basics one would expect in an introductory fraud course. However, I found the pace to be unnecessarily drawn out. I think this material could be streamlined and the class time shorten significantly, without compromising the core material.
4
Member's Profile
I didn't like that definition of the fraud is too simplified in this course, though it's OK for practical usage. What I really liked is FR mitigation cycle, I never met such good representation of the process; and the list of red flags is important and useful.
4
Member's Profile
I liked the instructor mentioning the audience that no matter how diligent you are in fraud risk assessment there will always be individuals who will cross the line. Internal controls are so important.
3
Anonymous Author
The information is something all auditors should know. I wish we could have seen more information about fraud will change with more automation and electronic documents.
4
Anonymous Author
The course is very helpful and informative. The instructor is very clear. He used illustrations and provided samples that keep the audience engaged.
4
Anonymous Author
Great course. I liked the easy to remember concepts such as the fraud triangle, as well as learning the red flags of financial reporting fraud.
5
Member's Profile
Good examples of contemporary and historical cases. Good visual diagrams to help understand the material.
4
Anonymous Author
Nice course to do in an hour during lunch break. There is nothing that I dislike about this course.
5
Member's Profile
I really enjoyed learning statistics about employee fraud and the different types of internal fraud.
5
Anonymous Author
Well presented and well explained. Fraud is not easy to detect unless it is not well understood.
5
Member's Profile
A good high level, introductory overview of fraud and where it can appear in organizations.
5
Anonymous Author
The real life examples significantly helped to demonstrate the magnitude of Employee Fraud.
4
Anonymous Author
Very basic course on the risks of fraud and the need to be aware of the red flags.
2
Member's Profile
The presenter is very monotone and does not maintain your attention throughout.
5
Anonymous Author
We can use tips listed here, in our day to day life as well as at work place.
4
Anonymous Author
Great course. Too long for one hour of CPE credit, should be 1.5 hours.
5
Member's Profile
Very practical and concise to increase awareness and help detect fraud.
4
Anonymous Author
Well taught course describing employee fraud and prevention techniques.
5
Member's Profile
Very helpful- gives concrete best practices to protect AP and AR.
4
Anonymous Author
Never know who to suspect in your organization? Great insight!
4
Member's Profile
Good review of fraud. I like the use of real life examples.
5
Anonymous Author
The material was interesting and the timing was just right.
5
Anonymous Author
Good information and well presented with detailed slides
5
Member's Profile
Really good course on the basics of fraud identification
5
Member's Profile
The real life examples were good to give a background.
5
Member's Profile
Some new approach in this course, enjoyed it.
4
Anonymous Author
Good insight into some typical fraud schemes
4
Anonymous Author
Enjoyed the presentation. A little slow.
4
Anonymous Author
A good overview and areas to watch for.
2
Anonymous Author
work on vocal variety - monotone
2
Member's Profile
very slow. presenter monotone.
Member's Profile
Basic level of fraud detection.
4
Member's Profile
good material and information.
5
Member's Profile
Logical and easy to follow.
5
Member's Profile
Interesting and informative
5
Member's Profile
Liked the slides and cases.
4
Anonymous Author
It was a very good course
5
Member's Profile
Interesting information.
4
Anonymous Author
Expert in the field.
4
Member's Profile
Good fraud overview
5
Member's Profile
Great course!!!
4
Anonymous Author
Good overview.
5
Anonymous Author
Great overview
4
Anonymous Author
Good course.
4
Anonymous Author
Good basics
4
Member's Profile
Good Course
4
Member's Profile
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5
Anonymous Author
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Prerequisites

Course Complexity: Intermediate

Prerequisite: Exposure to internal controls

 

Advanced Preparation: None

 

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
  6:36What is Fraud and Who Commits Fraud Internally
Detecting Fraud
  28:47The Faces of Employee Fraud
  19:48Red Flags of Internal Fraud
Preventing Fraud
  13:49Anti-Fraud Controls and Conclusion
SUPPORTING MATERIALS
  PDFSlides: How to Detect and Prevent Employee Fraud
  PDFHow to Detect and Prevent Employee Fraud Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM
Continuous Play