Corporate Fraud (Currently Unavailable)

Author: Paul McCormack

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

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour)

Program Prerequisites
None

Advance Preparation
None