CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Fraud Examination: Prevention, Detection, and Investigation

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
12 Credits: Accounting

Course Description

Each year, businesses around the world fall victim to fraudulent acts. This course is a practical reference for how to prevent, detect, and investigate fraud within a business. Topics covered include the different types of fraud and how to construct an environment in which fraud is minimized. In addition, this course describes the many indicators of fraud necessary for early detection as well as the process for investigating fraud, including interviewing techniques, document examination, and how to write a fraud report.

Learning Objectives

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.

Course Specifics

Course ID
1163437
Revision Date
September 25, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
Qualifies for CA Fraud: Yes
Qualifies for CA Fraud Credits: 12

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Fraud Examination: Prevention, Detection, and Investigation

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

$336.00$376.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
12 Credits: Accounting

Course Description

Each year, businesses around the world fall victim to fraudulent acts. This course is a practical reference for how to prevent, detect, and investigate fraud within a business. Topics covered include the different types of fraud and how to construct an environment in which fraud is minimized. In addition, this course describes the many indicators of fraud necessary for early detection as well as the process for investigating fraud, including interviewing techniques, document examination, and how to write a fraud report.

Learning Objectives

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.

Course Specifics

Course ID
1163437
Revision Date
September 25, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
Qualifies for CA Fraud: Yes
Qualifies for CA Fraud Credits: 12

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Fraud Examination: Prevention, Detection, and Investigation

Expert Instructors
Format
CPE CREDITS
12 Credits: Accounting

$336.00$376.00

Clear