Fraud Focus on Internal Controls - Prevent and Protect (Completed)

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.

Who Should Attend
Controllers, Accountants, Auditors, Tax Professionals

Topics Covered

• 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
• 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

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Business Management & Organization (1 hour)

Program Prerequisites
Basic Understanding of Internal Controls

Advance Preparation
None