Aaron Denbo, MAS, CFE, CFI

Webcast - 1 Credits - Auditing

The ACFE, the Association of Certified Fraud Examiners, reports that there are eight main behavioral indicators of fraud, often called “red flags.” 84% of fraudsters exhibited at least one of the behavioral indicators prior to being caught. Having an understanding and being on the lookout for these behavioral indicators can lead to more fraud being uncovered more often. Internal audit only uncovers about 14% of frauds and external audit only 3%. While detecting fraud is not internal audit’s primary purpose, knowing the behavioral indicators can lead to early detection and a decrease in damages from fraud schemes.

In Seeing Red Again: Behavioral Indicators of Fraud the student will learn about the eight behavioral indicators of fraud per the ACFE’s 2024 Report To The Nations. Additionally, search tips including Open Source Intelligence (OSINT) collection tips are included after each one of the red flags. Additionally, students of this fraud CPE course will learn about the change over time for the red flags of fraud.

Aaron Denbo, MAS, CFE, CFI

Webcast - 1 Credits - Auditing

The ACFE, the Association of Certified Fraud Examiners, reports that 89% of fraud schemes fall within the category of Asset Misappropriation. This is the largest category of fraud with a median loss of $120,000. Understanding how these schemes operate, what areas to search for when encountering discrepancies, and how to detect, deter, and defeat asset misappropriation schemes are all discussed in this course.

In Something Borrowed: Asset Misappropriation Schemes the student will learn about asset misappropriation schemes, fraudulent and forged documents, inventory fraud schemes and some actionable solutions to prevent and detect asset misappropriation.

Aaron Denbo, MAS, CFE, CFI

Webcast - 1 Credits - Auditing

One of the easiest and best ways to avoid fraud is to simply hire rightly. Employees represent the biggest fraud risk and threat to any organization, public or private. Hiring correctly through having written consent, thorough background investigation, and policies in place prior to hire are valuable in mitigating fraud risk. Avoidance IS prevention. Additionally, this course discusses deterrence and some ways to detect fraud in regard to employees such as hotlines and making them available.

In Devil Inside: Detecting & Preventing Employee Fraud, students will learn about the value of prevention, deterrence, and considerations to make during the hiring process to avoid fraud risk by hiring rightly. Additionally, this fraud CPE course is made for actionable policies and procedures to prevent and detect fraud.

Aaron Denbo, MAS, CFE, CFI

Webcast - 1 Credits - Auditing

The ACFE reports that about 43% of frauds are uncovered from tips to a whistleblower hotline, while internal audit only uncovers about 14% of frauds and external audit only 3%. While detecting fraud is not internal audit’s primary purpose, one is still left to wonder why auditors don’t find more fraud, especially since one of the first questions from management when a fraud occurs is “why didn’t Audit find this?” In Auditor’s Enigma: Why Don’t Auditors Find More Fraud? we discuss solutions to increase the fraud awareness of the audit profession with practical applications to do so.

In this fraud and auditing CPE course we discuss how the noble audit profession can identify more fraud during the audit cycle. Currently, the ACFE estimates that internal audit only finds fraud 14% of the time while external audit only finds it 3% of the time. This fraud CPE course covers techniques audit can use to uncover more fraud and how to increase the effectiveness in discovering fraud patterns.

Aaron Denbo, MAS, CFE, CFI

Webcast - 1 Credits - Auditing

Theories about how and why theft, fraud, and losses occur are an important part of building a systematic structure to prevent such damage to an organization. Theories can be a roadmap towards having a robust security apparatus and guide us to actionable solutions – solutions that work. Lead or Bleed: Why Bad Things Happen to Good Organizations we discuss several important fraud and criminological theories and look at their application to devise ways that organizations can deter, detect, and defeat fraud.

In this fraud and auditing CPE course the student will learn about several fraud and criminological theories. Additionally, the student will learn about some possible solutions derived from the theories that are actionable in an effort to deter, detect and defeat fraud in organizations.