Surgent's Fraud Basics: Protecting the Company Till - 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. The course will also explore the dark net and cryptocurrency 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
Why good folks go bad – interesting findings and red flags

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

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
Understand how people may respond differently to certain factors
See that there are many layers involved in fraud defense