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

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour)

Program Prerequisites
None

Advance Preparation
None

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