Fraud - Focus on Internal Controls to Prevent & Detect Fraud

This course reviews the top internal controls organizations can use to prevent and detect fraud.

4.35 (23 reviews)
Udemy
platform
English
language
Other Finance & Economic
category
71
students
2 hours
content
May 2023
last update
$39.99
regular price

What you will learn

Explore the internal control connection to fraud.

Discover and examine the characteristics of organizations that fall victim to fraud.

Explore the importance of fraud awareness.

Identify most frequently used fraud controls.

Explore the most successful detection methods for fraud.

Discover and examine anti-fraud methods at victim organizations.

Description

Fraud continues to be perpetrated and has in many ways grown and expanded in various new and evolving risk areas. As technology continues to advance, so do the methods used to perpetrate fraud. In addition, the fraudster seems to be getting more intelligent and developing innovative ways to plague businesses and individuals.

In today’s digital world, internal controls are a critical element to allow organizations to prevent and detect fraud. Without proper internal controls, the “opportunity” portion of the fraud triangle is exposed. It becomes an area where employees and other professionals can take advantage and perpetrate fraud.

This course reviews the top internal controls organizations can use to prevent and detect fraud. A great deal of information and statistics is taken from the Association of Certified Fraud Report to the Nations. Other good resources include the Kroll Fraud Report and the Committee of Sponsoring Organizations fraud guidance at COSO org

Learning Objectives

  • Explore the internal control connection to fraud.

  • Discover and examine the characteristics of organizations that fall victim to fraud.

  • Explore the importance of fraud awareness.

  • Identify most frequently used fraud controls.

  • Explore the most successful detection methods for fraud.

  • Discover and examine anti-fraud methods at victim organizations.

Content

Introduction

Introduction to Fraud: Focus on Internal Controls to Prevent and Detect Fraud
Internal Control Connection to Fraud
Fraud Awareness
Victim Organizations
Concealment Methods
Top Controls to Implement
Data Analytics
Management Review
Hotlines
Fraudulent Documents
Document Destruction
Other Controls
Detection
Conclusion

Supporting Materials

Slides: Fraud: Focus on Internal Controls to Prevent and Detect Fraud
Fraud: Focus on Internal Controls to Prevent and Detect Fraud Glossary/Index

Review and Test

Review Questions
FINAL EXAM

Screenshots

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Related Topics

1440968
udemy ID
11/21/2017
course created date
4/1/2021
course indexed date
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