2 CPE Most professionals have some understanding of the impact fraud can have on today’s businesses. Individuals who are in the financial and audit fields are familiar with the concepts of the 'fraud triangle' and the elements of 'fraud red flags'.
This course is designed to provide the learner a different experience than typical fraud training. Rather than focusing solely on the technical aspects of why fraud occurs and concepts of the fraud triangle, we utilize real-life case study scenarios to evaluate instances where fraud may be present and test the learner’s ability to identify fraud red flags.
This course includes multiple real-life fraud scenarios and poses questions to the learner about “what would you do”. We review basic concepts surrounding the topic of fraud including the fraud triangle, fraud red flags and the profile of a fraudster. We use these concepts to assist in evaluating real-life scenarios.
This session is designed to provide participants with the opportunity to practice their fraud knowledge.
Learning Objectives
- Explore typical fraud signals and identify methods to evaluate their validity.
- Identify lifestyle indicators and explore how to manage culture expectations.
- Recognize how to apply techniques to real-life perpetrated fraud scenarios.
- Explore the psychology behind elements of the fraud triangle.
- Explore risks in third-party arrangements.
Last updated/reviewed: August 21, 2023
46 Reviews (159 ratings)
Reviews
Anonymous
(-)
Course provides an overview of the basic concepts of fraud along with information about the fraud triangle, fraud red flags and the fraudster's profile.
Provides examples of fraud signals, expalins how to evaluate their validity, and apply learnings to real-life scenarios. Also talks about the psychology behind the elements of the fraud triangle and risks in third-party arrangements.
Anonymous
(SOX Managing Director)
Course content was great, especially the exercises based on real-life examples. However, the slides were too busy - too much info on them, so more difficult to absorb information at a glance. It would have helped to adjust the formatting of the slides (e.g., bold, italicize, and/or underline certain words; use phrases, instead of long sentences; use color and spacing)
Anonymous
(-)
This was an interesting course with thought exercises using scenarios that have actually occurred. You are encouraged to imagine what you would actually do in the scenario yourself. The course discusses the different types of fraud, fraud red flags, the so called "fraud triangle" of opportunity, pressure and rationalization.
Anonymous
(Accounts Payable Specialist)
It was interesting to see what the different red flags were that could potentially signal fraud and how fraudsters are able to find an opportunity to take action. Very interesting class and an important class for employees of all levels of a business.
Anonymous
(Account Payable Specialist)
The exercises throughout the course help me really grasp how people go about committing fraud. But I'm always bothered when practice material isn't representative of the exam. The practice quiz was easy, but nothing like the exam.
Anonymous
(Director)
The course was very informative and was explained and presented very clearly. The instructor gave great insights and tips that will be useful in the professional world. I would recommend this course to others.
Anonymous
(Accounts Payable Specialist)
A good introductory course to thinking about fraud using real-life examples. The encouragement to think both what you would likely do and what you should do was a welcome addition.
Anonymous
(Senior Auditor)
Great course on fraud! The real world examples help to illustrate the different aspects of fraud. This course would be helpful for any employee of any type of organization.
Christi Schaefbauer
( at University of Mary)
This was a good course. It was informative on the aspects of fraud and what to look out for as well as profiles of common fraudsters. It is a good refresher course.
Alfred Martinez
(System Procedure Analyst at U.S Department of Veterans Affair – De..)
I like this course because it has taught me the different ways in which fraud can be committed. It also pointed out that no one is exempt from committing fraud.
Anonymous
(Auditor)
Great course. I enjoyed how this covered many scenarios for fraud. The use of real-world events is effective in informing us how these situations may arise.
I really like the exercises that allowed the opportunity to demonstrate understanding of the material. It helped prepare for the quiz at the end.
Anonymous
(-)
An insightful course from Lynn Fountain filled with real life fraud situations. A great course for those intent on keeping a lookout for fraud.
Anonymous
(Deputy IG)
Ms. Fountain does an incredible job with presenting this material. This course is interactive and the case examples are highly effective.
Anonymous
(Systems and Procedures Analyst)
The Test Your Fraud IQ course was excellent. I really liked how the course showed different examples of how fraud can be committed.
Tracey Fischer
(Senior Internal Auditor at Self)
This training provides lots of detail but was also very informative. I look forward to trying some of Lynn's other fraud training.
Anonymous
()
Good overview of fraud; at times it felt like the instructor was just reading the slides - but the use of examples was good
Anonymous
(Internal Audit Manager)
Going through the real life examples and more of the "gray" areas of those examples made for interesting course content.
Nicholas Champion
(-- at --)
Well presented and engaging course. I really enjoyed the interactive nature of the course. Will definitely take part 2.
Anonymous
()
Excellent use of examples in explaining the profile of individuals who commit fraud. A lot of information covered.
Anonymous
(IT Advisory Snr. Associate)
This is a refresher training on fraud. Nothing surprised me. This training will be most beneficial to beginners.
Anonymous
(Internal auditor)
This is a great course with many practical examples, which will help you to understand what fraud is about
Anonymous
()
Good course illustrating the elements of the fraud triangle.
Good review course or introductory course.
RICARDO CAMPOLINA DE TOLEDO
( at WPP)
Good real life examples which make us think how the fraud may be happening. I liked the course.
Anonymous
(Director, Governance)
Very interesting course - enjoyed the exercises which helps you put the material into context.
Jack Brown
(Consultant at JB Consulting LLC)
Good course. Well presented slide. Test aligns well with information presented. Informative.
Nicole Salazar
( at University of Arizona)
Good general overview; I enjoy coverage of the typical fraudster and understanding of stats.
Anonymous
()
It was a good refresher on some basic ACFE terminologies. Pretty good examples and cases.
Sandra Heelan
(CPA, CFE, MBA at None)
Interesting course with great examples and exercises to "think the situations through".
Anonymous
(Accountant)
The examples provided really assisted in understanding potential fraudulent red flags!
Alex Kishkovich
(SFA at The City of Calgary)
Another great refresher course from Lynn. As usual I very much enjoyed it! Thank you.
Inna Shmukler
(Controller at Fornetix LLC)
I very informative course. I liked the way it was presented and real-life examples.
Anonymous
(Manager - Compliance and Risk Management)
This course was a good refresher on the basics of fraud. Looking forward to Part 2.
Anonymous
()
This is a very interesting course on fraud presented in a clear and concise manner
Anonymous
()
Great course about Test your Fraud IQ - Segment one and eager for second one.
Anonymous
(Partner-In-Charge)
great course, satisfied requirements, and great exam questions. Thank you!
Staci Brown
(Director of Finance at Cair Paravel Latin School)
Great course with great examples for understanding fraud in the real world.
Sylvia Ratliff
(internal audit consultant at self employed)
Interesting course; different perspectives on some of the aspects of fraud
Anonymous
(Audit Manager)
A great course on fraud and great examples to work through the lessons.
Anonymous
(Auditor)
I truly enjoyed the exercises as they related to real life situations.
Warren McLean
(Self Employed at Retired)
Quality of the presenters courses is getting better every year!
Anonymous
(Chair)
Good update with relevant information for fraud examination.
Anonymous
()
This was a good course. The material was very informative.
Anonymous
(Director)
The instructor provides good overview of the information.
Anonymous
(Senior Auditor)
I liked learning about the fraud triangle and red flags.
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
well thought out and acceptable for cpe review purposes
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
.
Lynn FountainCPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
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