You Suspect Fraud? Now What?

Author: Robert K Minniti

CPE Credit:  2 hours for CPAs

This on-demand course is designed for staff accountants, auditors, and bookkeepers who might encounter fraud during the normal course of their duties. We will review some of the basic issues involved in investigating fraud and determining if there is a predication for a fraud investigation.

Join fraud expert, Dr. Robert Minniti, CPA, CFE, CrFA, CVA, CFF, MAFF, CGMA, PI, DBA, as he discusses how to communicate and document what you found. He will also review some of the procedures for gathering and maintaining evidence in a fraud case.

Publication Date: October 2018

Designed For
Staff accountants, auditors, and bookkeepers who might encounter fraud during the normal course of their duties.

Topics Covered

  • Fraud Losses
  • Occupational Fraud
  • Duration of Fraud Schemes
  • Concealing Fraud
  • Source of Tips
  • Non‐Occupational Frauds
  • What to Consider Before an Investigation
  • Reasons for Conducting a Fraud Investigation
  • Reasons for Not Conducting a Fraud Investigation
  • Prediction of Fraud
  • What Does the Fraudster Look Like?
  • Fraud Investigation Teams
  • Important Steps in a Fraud Investigation
  • Important Concepts in a Fraud Investigation
  • Important Concepts in a Fraud Investigation
  • Types of Evidence
  • Methods for Obtaining Evidence
  • Documenting Evidence in an Investigation
  • Managing Evidence
  • Chain of Custody
  • Tools Used in Investigations
  • Timelines
  • Genograms
  • Link Analysis
  • Flow Charts
  • Fishbone Diagrams
  • Data Mining
  • Types of Data Analytics
  • Income Reconstruction Methodologies
  • Unusual Behaviors to Watch For
  • Three Types of Surveillance
  • When To Use Undercover Operations
  • Crisis Reactions — 5 Steps
  • Law Enforcement Interviewing Models
  • Interviews Obtain
  • Setting up the Interview
  • Five Types of Interview Questions
  • Questioning Techniques
  • Non Verbal Communication
  • Verbal Clues of Deception
  • Dealing with Deception

Learning Objectives

  • Recognize red flags for various types of fraud
  • Identify how to document the steps to take when you suspect fraud
  • Identify the type occupational fraud causing the highest average losses according to the ACFE
  • Recognize the types of occupational frauds that occur most frequently
  • Differentiate types of evidence most common in fraud investigations
  • Describe the method for obtaining evidence in a civil trial
  • Identify the behavioral red flags most commonly found in fraud cases
  • Recognize the law enforcement methods most commonly used by law enforcement in the United States
  • Identify the most common method for discovering occupational fraud
  • Describe types of non-occupational fraud
  • Recognize what should be considered before starting a fraud investigation
  • Differentiate reasons for and not for conducting a fraud investigation
  • Identify who should be the team conducting a financial statement fraud investigation
  • Recognize common algorithms used by data mining software
  • Describe common methodologies for reconstructing income
  • Identify ways to deal with deception
  • Recognize verbal clues of deception

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 $55.00

 Chat — Books Support