What Fraud Schemes Exist in Your Organization

Overview

Many costly fraud schemes have occurred repeatedly throughout the past several decades, mostly due to the lack of implementation of internal controls and a fraud risk mitigation plan. The advancement of technology and the increased sophistication in committing fraud are also impacting organizations and affecting their bottom line. The Business Fraud Risk Framework identifies various types of fraud that can be perpetrated across an organization. This course will provide insight into the framework and focus on the most relevant fraud schemes affecting organizations.

Highlights

Key Topics

• Business Fraud Risk Framework
• Cyber fraud
• Misappropriation of assets
• Money laundering
• Financial statement fraud
• Investing/Ponzi schemes
• Bribery
• Risk mitigation techniques

Prerequisites

None

Objectives

Learning Outcomes

• Distinguish between different Fraud schemes within the Business Fraud Risk Framework.
• Identify the most prevalent Fraud schemes perpetrated across organizations.
• Describe the adverse impacts on an organization as a result of perpetrated Fraud schemes.
• Identify red flags for each of the Fraud schemes.
• Recall an effective root cause analysis.
• Distinguish the methodology of how frauds are committed.
• Identify trends in various types of fraud.
• Recall how to mitigate Fraud within an organization with properly designed internal controls and other methods.