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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: September 18, 2018

42 Reviews (155 ratings)Reviews

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.
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
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.
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.
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
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