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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: November 17, 2019

6 Reviews (20 ratings)Reviews

4
Anonymous Author
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.
4
Member's Profile
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.
4
Member's Profile
Great course with great examples for understanding fraud in the real world.
5
Member's Profile
Interesting course; different perspectives on some of the aspects of fraud
5
Member's Profile
Quality of the presenters courses is getting better every year!
3
Member's Profile
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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  9:31Introduction to Test Your Fraud IQ – Segment One
  8:31Fraud Signals
  9:57Role Play
  15:47Profile of Fraudster
  10:28Exercise Lifestyle
  9:45Pyschology of Triangle Components
  3:53Exercise - Fraud Triangle
  12:30Third Party Risks
  8:32Exercise SOD
CONCLUSION
  00:58Summary
CONTINUOUS PLAY
  1:29:53Test Your Fraud IQ – Segment One
SUPPORTING MATERIALS
  PDFSlides: Test Your Fraud IQ – Segment One
  PDFTest Your Fraud IQ – Segment One Glossary/Index
REVIEW AND TEST
  quizReview Questions
 examFinal Exam