1 CPE 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
- 1. COVID-19 Impact on Payroll and Payroll Fraud
- 2. Enterprise Risk Assessment
- 3. Compliance with Good Faith Settlement Practices Regulations
- 4. Understanding Methods for Mitigating International Trade Risk
- 5. Introduction to Forensic Accounting
- 6. Test Your Fraud IQ - Segment One
- 7. COSO 2013 Control Activity
- 8. Complying With the Foreign Account Tax Compliance Act (FATCA)
- 9. Understanding and Responding to Bribery & Corruption Red Flags
- 10. How to Acquire a Policy of Third Party Liability Insurance
82 Reviews (303 ratings)
Reviews
Anonymous
(Assurance Specialist)
Great course that summarizes employee fraud! Peter provides valuable insights and guidance.
Anonymous
(Sr Internal Auditor)
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.
Vasily Chesalov
(Not Provided at PJSC AVTOVAZ)
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.
Anonymous
(N/A)
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.
Margo Palmer
( at NA)
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.
Nicole Cunnea
(Implementation consultant at ADP)
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.
catherine BADERMAN
(VP Business Operations at Heidrick & Struggles)
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
Julie Montes
(Senior Recruiter at CNM LLP)
..............................................................................................................................................................................................
Anonymous
(Associate Director, CFCC Assurance)
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.
Anonymous
(-)
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.
Anonymous
(Senior Accountant)
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.
Anonymous
(Director)
The course is very helpful and informative. The instructor is very clear. He used illustrations and provided samples that keep the audience engaged.
Anonymous
(Independent Financial Consultant)
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.
Stephen Leitz
(Owner and Founder at Workforce 2080 LLC)
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.
Anonymous
(Internal auditor)
good and informative course to understand fraud basics, notably the reasons why fraud is committed and types of internal fraud
Beverly Allgood
(Revenue Agent at Department of the Treasury)
The material was good but the presentation was a bit slow. Nevertheless it is a good topic that I will pursue more in-depth
Anonymous
(Finance Manager)
Good overview of fraud with examples, as well as guidance on how to perform a fraud risk assessment for an organization.
Anonymous
(IT Advisory Snr. Associate)
This is a refresher training on fraud. Nothing surprised me. This training will be most beneficial to beginners.
Anonymous
()
The course was exactly as it stated it would be. The fraud triangle was exceptionally explained and illustrated.
Anonymous
(Manager)
Great course. Good material and very informative presentation. The visuals were helpful and I learned a lot.
Patty Holley
( at HOLLEY FINANCIAL)
interesting. good to watch out for. I have to keep writing. still not long enough. still not long enough
Dorothy Burns
(Staff Auditor II at DHHS)
This is the worst speaker I have listened to. He constantly stumbled over his words and slurred his words.
Stephanie Pan
(Tax Associate at NFP)
Good examples of contemporary and historical cases. Good visual diagrams to help understand the material.
Anonymous
(Executive Assistant - Director of Admini..)
Good statistical information; and many tips on areas to monitor and/or review for implications of fraud.
Anonymous
(CPA, CFE, CGMA)
Nice course to do in an hour during lunch break. There is nothing that I dislike about this course.
Drew Semple
(Senior Associate at RSM)
I really enjoyed learning statistics about employee fraud and the different types of internal fraud.
Anonymous
(Director)
Easy to understand and follow. The examples were good to see fraud in action. Enjoyed the speaker.
Christopher Zellner
View Instructor Profile
Material/presentation was dry. More interactive instruction for these type of lessons would help.
Anonymous
(Financial Services Professional)
Well presented and well explained. Fraud is not easy to detect unless it is not well understood.
Anonymous
(Internal Audit Manager)
Overall, good high-level discussion on fraud basics and good internal controls to keep in mind.
Anonymous
(--)
Content presented was intriguing, but presenter wasn’t engaging as others in this platform.
Anonymous
(Card Program Administrator)
Good presentation. Material presented in orderly fashion. Found all information interesting.
Anonymous
(Director, Internal Audit)
Good introductory course and refresher. Presentation could've been done in 45 minutes or less.
Bryan Baker
(- at DOJ)
A good high level, introductory overview of fraud and where it can appear in organizations.
Anonymous
(Blogger)
The real life examples significantly helped to demonstrate the magnitude of Employee Fraud.
Anonymous
(Controller)
Very basic course on the risks of fraud and the need to be aware of the red flags.
Isaac DAlessandro
(Sr. Auditor at N/A)
The presenter is very monotone and does not maintain your attention throughout.
Anonymous
(Manager Operations (Governance, Risk &am..)
We can use tips listed here, in our day to day life as well as at work place.
Anonymous
(CFO)
Great course. Too long for one hour of CPE credit, should be 1.5 hours.
Torin Campbell, CMA
(Controller at Form-A-Fab)
Very practical and concise to increase awareness and help detect fraud.
Anonymous
()
Well taught course describing employee fraud and prevention techniques.
Anonymous
(Investigator)
A good introductory course about fraud schemes within an organization.
Anonymous
()
great class. I love learning about fraud and how it effects the company
Samuel Epp
(CONTRACT ACCOUNTANT at Samuel Epp)
Good general overview of basic fraud identification and understanding.
Anonymous
()
This course provides a basic understanding of employee related fraud.
Anonymous
(Finance & Accounting Senior)
The course is informative and great presentation from the instructor.
Robert Hendry
(Controller at NRI)
brought forward some very interesting ideas that will provide useful
Pamela LaPlaca, CPA
(Controller at EG USA)
Very helpful- gives concrete best practices to protect AP and AR.
Anonymous
(cfo - consultant)
Never know who to suspect in your organization?
Great insight!
Anonymous
(Owner)
The red flags of fraud are critical to know for any business.
Chris Grimes
(Rules Master at Cisco)
Good review of fraud. I like the use of real life examples.
Anonymous
(Audit Manager)
A very interesting and informative course on employee fraud.
Anonymous
(Director of Quality Assurance (OIG, audi..)
The material was interesting and the timing was just right.
Anonymous
(Vice President of Finance )
Good information and well presented with detailed slides
Sophia Kasozi
(- at City of Edmonton)
A great summary, re-cap of fraud risks, and fraud flags.
Steven Whitehead
( at Neighborhood Health Plan)
Really good course on the basics of fraud identification
Anonymous
(Supervisory Special Agent)
The course covered the basics in a straight forward way.
Vinita Venugopal
(Senior Internal Auditor at Cisco)
The real life examples were good to give a background.
Harish Krishnajirao
(Grey Market Program Manager at HP Inc)
Good overview of Fraud committed by internal employees
Sylvia Ratliff
(internal audit consultant at self employed)
Some new approach in this course, enjoyed it.
Anonymous
(Risk Management Consulting)
Good insight into some typical fraud schemes
Anonymous
(Chief Financial Officer)
Enjoyed the presentation. A little slow.
Anonymous
(Finance Manager)
A good overview and areas to watch for.
Anonymous
(Consultant)
work on vocal variety - monotone
Kathryn Fried
(CFO at TRICORE)
very slow. presenter monotone.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
Basic level of fraud detection.
Dee Madhavpeddi
(Certified Public Accountant at Dee & Associates)
good material and information.
Darin Sobool
(Zero at None)
Logical and easy to follow.
Charles Elwis
(Insurance Broker at Health Guys)
Interesting and informative
Theodore Zeck
(Certified Public Accountant at Theodore R. Zeck, CPA)
Liked the slides and cases.
Anonymous
(-)
It was a very good course
Raul Cardona
(Senior IT Internal Auidtor at The Cosmopolitan of Las Vegas)
Interesting information.
Anonymous
(-)
Expert in the field.
Tim Philips
(Controller at Self)
Good fraud overview
John Elliott
(Company Controller at WestPoint Home)
Great course!!!
Anonymous
(-)
Good overview.
Anonymous
(Special Projects Manager, Expense Reimbu..)
Great overview
Anonymous
(Accounting Manager)
Good course.
Anonymous
(Internal Auditor)
Good basics
Lou Mortillaro, CMA
(Accounting Manager at American Financial Resources)
Good Course
Lucas Shaw
(Business Banker at Regions Bank)
.
Anonymous
(Chief Financial Officer)
M
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
.
Peter GoldmannPeter Goldmann, MSc., CFE, Co-Founder, FraudResourceNet
About Illumeo
Platform
Resources
Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
© 2024 Illumeo, Inc.