Self-Study

Fraud Basics: Protecting the Company Till

  • Monday, May 1, 2023 – Tuesday, April 30, 2024

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  • 4.00
    CREDITS
    Auditing

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud.

Objectives

  • Understand the prevalence of fraud
  • Realize how organizations may cause fraud without realizing it
  • Comprehend the cost of fraud
  • See how the new COSO Framework for Internal Control focuses on fraud
  • Understand that there are many layers in fraud defense

Highlights

  • Fraud's cost: ACFE's Report to the Nations; Ancillary costs
  • Current economy: Microeconomics; Analyses
  • COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment
  • Power of morale: Shrink the fraud triangle; Motivation
  • Why good folks go bad: What studies indicate; Five interesting findings; Red flags 

Additional Information

Designed For

CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source

Vendor

Surgent

Advanced Preparation

None

Credits

4.00 Auditing

Prerequisite

None

Course Number

2329583

Level of Knowledge

Basic

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