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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 updated ACFE 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 fraud schemes as defined by ACFE.
- Explore top corruption schemes.
- Explore top financial statement schemes.
- Explore top asset misappropriation schemes.
- Identify industries with highest number of frauds.
- Identify industries with highest median dollar loss due to frauds.
Included In Certifications
This course is included in the following Certification Programs:
11 CoursesBusiness Fraud Identification and Prevention Certification
- Introduction to Forensic Accounting
- The Fraud Triangle
- Fraud: Focus on Corruption
- Fraud: Focus on Fraudulent Disbursements
- Fraud: Focus on Cash And Assets
- Fraud: Focus on Inventory
- Fraud: Focus on Financial Statement Fraud – Part One
- Fraud: Focus on Financial Statement Fraud – Part Two
- Fraud and COSO 2013
- Top Occupation Fraud Schemes - ACFE Report to the Nations
- Fraud Risk Assessments
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Prerequisites
No advanced preparation or prerequisites are required for this course.
Education Provider Information
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