Upon successful completion of this course, participants will be able to:

Chapter 1

• Recognize the conditions under which fraud is most common.
• Cite the types of rationalization used for committing fraud.
• Specify the circumstances under which collusion is more likely to occur.
• Specify the different types of fraud as well as the individuals or entities that are harmed in the process.
• Identify the activities in which a fraud examiner may be engaged.

Chapter 2

• Specify the methods used to falsify expense reports.
• Recognize the different types of fraud related to each functional area of a business.
• Recognize the various techniques used to falsely modify the financial statements.
• Identify the goal of misreporting cash flows.

Chapter 3

• Identify the positions most likely to be engaged in financial statement falsification.
• Specify the formula used to construct a balance sheet.
• Describe the components of the liquidity concept, including the sequencing.
• Recognize the different types of analysis used to detect fraud.
• Specify the inter-relationships among accounts and the financial to non-financial comparisons that can be used to find instances of fraud.

Chapter 4

• Recognize the methods available for reducing the perceived pressure on employees.
• Identify the situations in which background checks should be used.
• Identify the alternative responses to the discovery of fraud by an employee.
• Cite the protective measures that an outside investor can use to protect himself against fraud.

Chapter 5

• Specify the policies most useful for preventing fraud.
• Identify the uses to which the dual custody concept can be put.
• Recognize the negative effects of installing controls.
• Specify the different controls that can be used to specifically combat fraud.
• Cite the indicators of a possible problem with a journal entry.
• Specify the circumstances under which a shared services center is most useful.
• Recognize those controls that are most useful in a smaller organization.

Chapter 6

• Cite fraud symptoms and examples that indicate the presence of fraud as well as fraud risks associated with operating in an emerging market.
• Identify the actions to take when searching for different types of fraud.
• Specify the best practices for operating an employee hotline.
• Recognize the concept underlying Benford’s Law.
• Describe the circumstances under which a z-score can be used to identify fraud.
• Identify the different types of risk associated with the examination of documents.
• Specify the types of fraud schemes that are least likely to be noticed.

Chapter 7

• Recognize the procedures needed to deal with fraud situations.
• Cite the different types of fraud investigation techniques.
• Identify the steps to be followed when examining a hard drive for evidence.

Chapter 8

• Specify how the Bates numbering system is used and where to obtain evidence for document examination.
• Recognize the calculation for estimating the income of an employee.

Chapter 9

• Cite the characteristics of an ideal fraud interviewer, and the types of questions that this person asks.
• Identify how assessment questions are used.
• Recognize the different types of integrity tests.

Chapter 10

• Recognize the contents of a typical fraud report, noting the proper report tone that should be used.
• Cite the documentation requirements for a fraud interview.

Chapter 11

• Identify the methods available for recovering funds from a fraud.
• Describe the purpose of a grand jury.