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: August 24, 2023
81 Reviews (301 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.

5
Anonymous Author
Very good basic introductory information to help any business think about where they need to start to prevent fraud. Fraud is a risk to all size entities and all types of businesses and anyone who subscribes to illumeo can benefit from this course.

5
Member's Profile
This was a very good review of the basics of employee fraud. The instructor is very easy to follow, knows the subject matter, and has a pleasant speaking voice. I will look for more course from this instructor.

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.

5
Member's Profile
A very good introduction with detailed content in many areas particularly the different types of fraud, the red flags to watch for and the many different options for internal controls to prevent fraud

3
Member's Profile
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5
Anonymous Author
Great introductory course on fraud which focuses on detailing the different red flags by scheme type (i.e. procurement, T&E, reporting, etc) along with best practices to defend against them.

4
Anonymous Author
Good overview of fraud with focus on internal fraud. Interesting real world examples. The section on identifying red flags and fraud risk mitigation were especially clear.

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.

4
Member's Profile
The content was great. The material was definitely eye opening as I had no idea this level of fraud took place in the industry today.

5
Anonymous Author
good and informative course to understand fraud basics, notably the reasons why fraud is committed and types of internal fraud

4
Member's Profile
The material was good but the presentation was a bit slow. Nevertheless it is a good topic that I will pursue more in-depth

5
Anonymous Author
Good overview of fraud with examples, as well as guidance on how to perform a fraud risk assessment for an organization.

4
Anonymous Author
This is a refresher training on fraud. Nothing surprised me. This training will be most beneficial to beginners.

5
Anonymous Author
The course was exactly as it stated it would be. The fraud triangle was exceptionally explained and illustrated.

5
Anonymous Author
Great course. Good material and very informative presentation. The visuals were helpful and I learned a lot.

4
Member's Profile
interesting. good to watch out for. I have to keep writing. still not long enough. still not long enough

2
Member's Profile
This is the worst speaker I have listened to. He constantly stumbled over his words and slurred his words.

5
Member's Profile
Good examples of contemporary and historical cases. Good visual diagrams to help understand the material.

5
Anonymous Author
Good statistical information; and many tips on areas to monitor and/or review for implications of fraud.

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
Easy to understand and follow. The examples were good to see fraud in action. Enjoyed the speaker.

3
Member's Profile
Material/presentation was dry. More interactive instruction for these type of lessons would help.

5
Anonymous Author
Well presented and well explained. Fraud is not easy to detect unless it is not well understood.

4
Anonymous Author
Overall, good high-level discussion on fraud basics and good internal controls to keep in mind.

3
Anonymous Author
Content presented was intriguing, but presenter wasn’t engaging as others in this platform.

4
Anonymous Author
Good presentation. Material presented in orderly fashion. Found all information interesting.

3
Anonymous Author
Good introductory course and refresher. Presentation could've been done in 45 minutes or less.

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.

4
Anonymous Author
A good introductory course about fraud schemes within an organization.

5
Anonymous Author
great class. I love learning about fraud and how it effects the company

4
Member's Profile
Good general overview of basic fraud identification and understanding.

4
Anonymous Author
This course provides a basic understanding of employee related fraud.

5
Anonymous Author
The course is informative and great presentation from the instructor.

4
Member's Profile
brought forward some very interesting ideas that will provide useful

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
Anonymous Author
The red flags of fraud are critical to know for any business.

4
Member's Profile
Good review of fraud. I like the use of real life examples.

5
Anonymous Author
A very interesting and informative course on employee fraud.

5
Anonymous Author
The material was interesting and the timing was just right.

5
Anonymous Author
Good information and well presented with detailed slides

3
Member's Profile
A great summary, re-cap of fraud risks, and fraud flags.

5
Member's Profile
Really good course on the basics of fraud identification

4
Anonymous Author
The course covered the basics in a straight forward way.

5
Member's Profile
The real life examples were good to give a background.

4
Member's Profile
Good overview of Fraud committed by internal employees

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  What is Fraud and Who Commits Fraud Internally6:36
Detecting Fraud
  The Faces of Employee Fraud28:47
  Red Flags of Internal Fraud19:48
Preventing Fraud
  Anti-Fraud Controls and Conclusion13:49
SUPPORTING MATERIALS
  Slides: How to Detect and Prevent Employee FraudPDF
  How to Detect and Prevent Employee Fraud Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam
Continuous Play