Top Fraud Schemes

57 Enrolled
1.5 Hours (On-Demand)
1.5 CPE  

This course is a premium course it can be accessed either by individual purchase or through a premium subscription

Purchase this course | $54

Previous courses have outlined the concepts of fraud as defined by the Association of Certified Fraud Examiners (ACFE) within their fraud tree.  The tree delineates the three major categories of fraud as:

  • Corruption
  • Asset Misappropriation
  • Financial Statement Fraud

Fraud impacts every person and every organization.  Regardless of size, structure, geography, or demographics, every organization is subject to fraud.  Many individuals refer to fraud "red flags." 

These are signs that indicate there is the potential for fraud to occur.  Red flags do not mean a fraud has occurred. 

There are many presentations on “top frauds”. Be cognizant of how the presenter is focusing the discussion. Top frauds could relate to various areas. Examples of top fraud schemes include: financial statement, revenue/disclosures/ presentation, cyber and internet/personal frauds, asset misappropriation, and corruption.

In this course, we review information on the top fraud schemes by focusing on the three categories as defined by the ACFE fraud tree.   We also evaluate the most common schemes by industry as outlined by the ACFE 2016 report to the Nations.

Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.

Learning Objectives
  • Explore top fraud schemes per the Association of Certified Fraud Examiners (ACFE)
  • Explore top corruption schemes.
  • Explore top financial statement schemes.
  • Explore top asset misappropriation schemes.
  • Identify industries who suffer the highest number of frauds.
  • Identify industries who suffer the highest median loss due to frauds.
Last updated/reviewed: August 24, 2023

Included In Certifications

This course is included in the following Certification Programs:

11 CoursesBusiness Fraud Identification and Prevention Certification

  1. Introduction to Forensic Accounting
  2. The Fraud Triangle
  3. Fraud: Focus on Corruption
  4. Fraud: Focus on Fraudulent Disbursements
  5. Fraud: Focus on Cash And Assets
  6. Fraud: Focus on Inventory
  7. Fraud: Focus on Financial Statement Fraud – Part One
  8. Fraud: Focus on Financial Statement Fraud – Part Two
  9. Fraud and COSO 2013
  10. Top Fraud Schemes
  11. Fraud Risk Assessments
9 Reviews (26 ratings)


Member's Profile
Interesting overview - the ways she sliced up the different facets of the issue was enlightening.

Anonymous Author
This course is great for an overall view of fraud by types and industry. The instructor had informative and interesting slides that were easy to follow and reinforced the information. I recommend this course for beginners who are interested in understanding fraud.

Anonymous Author
Excellent high-level overview of considerations to constantly keep in mind (i.e., every situation completely unique and ever-changing). Constant reminders were made to keep context in mind at all times, as there is more unknown than known in this arena.

Anonymous Author
This was a good course to familiarize yourself with top fraud schemes of Association of Certified Fraud Examiners (ACFE), pointing out that top frauds can relate to various areas.

Anonymous Author
Class was good. However, I wished it would have more information on the types of fs fraud instead of referencing out to the information.

Anonymous Author
This course provides a very interesting summary of the top fraud schemes by industries, dollar amounts and countries.

Anonymous Author
The speaker discussed lengthily the top fraud schemes which in the past have not been considered by companies

Anonymous Author
Informative and in depth analysis of frauds happening in various industries

Anonymous Author
Great information learned and takeaways from this course!

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

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 to Top Fraud Schemes4:53
Top Fraud Schemes
  Asset Misappropriation7:03
  FS Fraud Review4:26
  Top Industries for Fraud6:24
  Top Schemes by Industry9:59
  Asset Misappropriation by Industry6:01
  CPI Index5:01
  Top Fraud Schemes 50:12
  Slides: Top Fraud SchemesPDF
  Top Fraud Schemes Glossary/IndexPDF