Surgent's Winning the Fraud Battle in the Digital Age: Prevention and Detection - Download

Overview

The focus of this course is reducing the overall risk of fraud. To that end, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics, as well as how the reactions of people in certain situations may impact the prevalence of fraud.

Highlights

The price of fraud – ACFE’s Report to the Nations and ancillary costs
The current economy – microeconomics and analysis
COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments)
Power of morale – shrinking the fraud triangle and employee motivation
Deviant workplace behavior
Historic schemes
Why good folks go bad – interesting findings and red flags
Combating fraud with controls
Controls used by fraud victim organizations and suggestions for better implementation
Fraud’s new frontier
Corporate social, environmental, governance, and equity/inclusion reports and audits

Prerequisites

None

Designed For

CPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source - would-be fraudsters

Objectives

Recognize the prevalence of fraud
Understand the ways an organization may unintentionally cause fraud
Identify the costs of fraud
Comprehend how the new COSO framework for internal control focuses on fraud
Grasp the importance of an internal control environment
Recognize potential signs of fraudulent behavior
Understand how people may respond differently to certain factors
See that there are many layers involved in fraud defense
Anticipate a new environment ripe for fraudulent claims and reports