Detecting and Preventing Employee Fraud: Common Fraud Schemes and Security Measures

When small businesses commit tax fraud they are usually trying to hide revenue and expense personal items as business expenses. In this course we will review the various ways small businesses commit tax fraud. We will discuss the red flags that could be indicative of tax fraud. Current cases from the news will be presented for discussion.

This course will concentrate on employee fraud, specifically bid rigging. We will review the red flags for bid rigging. We will also discuss bid rigging by vendors without employee collusion. Real world examples will be provided for the participants to see how this is occurring in the business world. This course is designed for individuals who would like to refresh their understanding of bid rigging schemes and to learn how to recognize the red flags for detecting bid rigging in an organization. Understanding how employees and vendors commit fraud is the first step in preventing fraud.

This three CPE hour course explores many of the way’s employees can commit fraud, especially the types of fraud that use documents to skirt internal controls. We will consider embezzlement schemes, theft schemes (Cash, inventory, data, and fixed assets), and will examine how employees conceal these frauds. We will review the red flags for employee fraud. Real world examples will be provided for the participants to see how this is occurring in the business world. This course is designed for individuals who would like to refresh their understanding of employee fraud schemes and to learn how to recognize the red flags for detecting employee fraud. Understanding how employees commit fraud is the first step in preventing fraud. This course is designed to be a refresher course for CPAs, CFEs, CFFs, CIAs, CMAs, MAFFs, CGMAs, internal auditors, external auditors, managers, business owners and others in the accounting field.

This course is designed to review the issue of payroll frauds. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. Information will be provided about payroll frauds committed by employees as well as payroll frauds committed by management and company owners. We will review various methodologies for detecting payroll fraud and will discuss developing internal controls to help prevent and detect payroll fraud.