Corporate Fraud (Currently Unavailable)

Author: Paul McCormack

CPE Credit:  1 hour for CPAs

This course provides an overview of the types of fraud that companies face. It includes a discussion regarding the role of organized crime and money laundering in fraud schemes.

Publication Date: December 2014

Designed For
Practitioners interested and want to expand their knowledge in fraud.

Topics Covered

  • Big picture fraud stats
  • The top 3 challenges facing small businesses
  • The "perception of detection" — what is it, and why it matters
  • Overview of fraud schemes
  • Bribery and Corruption: A global perspective
  • The Role of Organized Crime
  • Money Laundering 101
  • Profile of the typical fraudster
  • How to prepare for an interview
  • Internal controls with the maximum "bang for the buck"
  • Maintaining and improving your fraud I.Q.

Learning Objectives

  • Recognize fraudulent activities in a corporation
  • Identify concerns with the severity of losses as the result of fraud and the types of employees identified being most likely to cause the greatest fraud losses
  • Recognize the type of fraud most likely to occur within a small business
  • Calculate the likelihood of recovering 100% of your losses resulting from fraud based on your analysis of 2012-2014 figures
  • Recognize which type of fraud would most likely identify as the most common but least costly
  • Identify methods of integration most likely used to identify as layering
  • Evaluate the best way to carry out an investigation from a tip of an employee of a company
  • Recognize the industry identified as the most likely to have the highest incidence of corruption cases due to overseas exposure
  • Identify the controls to apply given their effectiveness of reducing the duration of fraud in the greatest percentage of cases


Instructional Method

NASBA Field of Study
Accounting (1 hour)

Program Prerequisites

Advance Preparation

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