Introduction to Fraud

Author: Robert K Minniti

CPE Credit:  2 hours for CPAs

This course is designed for individuals who would like to obtain a basic understanding of fraud. We will discuss various types of frauds and how the criminals commit the frauds. We will review some of the legal and ethical implications involved.

Examples of real world cases will be provided to help develop and understanding of the risks involved. Participants will be introduced to the fraud triangle and the elements of fraud. We will discuss the history of fraud as it relates to the accounting profession.

Publication Date: October 2015

Topics Covered

  • Definition of fraud
  • The fraud triangle
  • Elements of fraud
  • History of fraud

Learning Objectives

  • Recognize which fraud theory was developed by Dr. Donald Cressey
  • Identify the age groups most often victimized of fraud according to the Consumer Sentinel Data Book for 2014
  • Recognize which state had the highest per capita fraud complaints in 2014
  • Differentiate which type of occupational fraud occurs most frequently
  • Evaluate which type of occupational fraud caused the highest average losses according to the ACFE
  • Describe the primary internal control weakness discovered by CFEs in fraud investigations according the the ACFE
  • Identify the requirements for fraud
  • Recognize the components of the fraud triangle
  • Evaluate the elements of fraud
  • Identify types of occupational fraud
  • Recognize forms of corruption
  • Describe types of financial statement fraud
  • Identify methods for committing financial statement fraud
  • Recognize the method used to launder money
  • Differentiate non-occupational fraud
  • Identify what is or isn't for sale on the darknet

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $55

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