Fraud is ever evolving and in our world, there are always new and changing ways for fraud to occur. This course reviews the connection between fraud and the control environment as well as the concepts of the fraud triangle and fraud diamond. We then delve deeply into the concept of creating a fraud risk maturity model to help organizations assess their current capabilities towards fraud.

The Capability Maturity Model is a development model created in 1986 after a study of data collected from organizations that contracted with the U.S. Department of Defense, who funded the research. The maturity model concept has long been used o evaluate various processes. It is a tool that businesses use to measure how well their business or project is doing and how capable they are of continuous improvement. It can be an effective tool to assist organizations in evaluating their fraud mitigation methods.

Learning Objectives
  • Explore the definitions of the Control Environment and its relationship to fraud.
  • Discover and evaluate the fraud triangle and fraud diamond and their theories on fraud.
  • Explore and understand the stages of the maturity model continuum as it relates to fraud.
  • Identify sample attributes for a fraud maturity model.
  • Explore sample stage definitions for specific attributes for a fraud maturity model.
  • Identify steps when delivering the process of the fraud maturity model.
  • Recognize and determine the impact of fraud on the identification of deficiency status.
Last updated/reviewed: January 9, 2023
Course Complexity: Foundational
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 .
Instructor for this course
Course Syllabus
  Using a Maturity Model Matrix Approach to Assess the Impact of Fraud on the Control Environment (Text Based Course)PDF