myCPE
myCPE

Current Fraud Trends - Shifting Risks and Changing Fraud Schemes 8 Credits

Current Fraud Trends - Shifting Risks and Changing Fraud Schemes 8 Credits

  • Rating

    4.6
  • Published on

    May, 2024
  • Subject Area

    Auditing

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  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
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Learning Objective

  • Summarize recent fraud surveys and their implications for today’s operating environment.
  • Describe the evolution of common fraud schemes over time.
  • Identify best practices for preventing and detecting fraudulent financial reporting and misappropriation of assets.
  • Outline cybersecurity risk trends and strategies for mitigation.
  • Explain the basics of internal controls and their importance in an organization.
  • Analyze the COSO framework for internal controls and its role in monitoring control effectiveness to reduce fraud and other risks.

Course Overview

As our business environment shifts, so do trends with fraud schemes and perpetrators. From rising numbers of data breaches to increasingly sophisticated and organized threats, managing fraud risk requires relentless effort. In the ever-evolving digital age, fraud risk and control take a different turn than in years past. What are the major trends?

This course will give you the latest information on identifying and mitigating shifting fraud risks in any entity. Led by industry experts with extensive experience in forensic accounting and compliance, this webinar will provide valuable insights into identifying red flags, implementing robust internal controls, and fostering a culture of integrity within your organization.

Throughout the webinar, attendees will gain a comprehensive understanding of the various types of fraud schemes prevalent in today's business environment, including financial statement manipulation, payroll fraud, and cybercrime. Whether you're a financial professional, compliance officer, or business owner, this webinar will equip you with the knowledge and tools necessary to safeguard your organization against fraud-related risks effectively.

The major topics that will be covered in this course include:

  • Summary of the impact of fraud on entities worldwide.
  • Common fraud schemes and typical median losses that result.
  • How does smaller entity fraud risk differ from those of larger entities?
  • The statistical profile of the most common fraud perpetrator.
  • The most effective methods for preventing and detecting fraud.
  • Cybersecurity risk management trends and best practices.

Join this CPE Course and don't miss this opportunity to enhance your fraud risk management practices and stay ahead of evolving threats in the digital age.

View more CIA CPE Courses for your continuing professional education.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credits

8

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Stay Ahead of the Game with Jennifer Louis CPD/CPE Webinars
Jennifer Louis , CPA (US)

President, Emergent Solutions Group LLC

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Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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JM

Judy Mavroleon, CPA (US)

This course is highly conceptual and the instructor did an excellent job of keeping it interesting and practical through 'conversational' explanations. The course material included many helpful statistics and pattern recognitions. The instructor was very thorough and the entire course was professionally executed. If I could add any suggestions it would be to perhaps include a single chart for a better understanding of the Type 1 and Type 2 for SOC1, SOC2, SOC3 sections. As a separate suggestion, I would appreciate MY-CPE providing a course series on I/C documentation, diagramming & explanation: Part 1-Standard business system I/C. Part 2-Deep dive on IT system I/C (including latest technology and initiatives). Part 3-Integration of all of these and BBP. These might each be 2 CPE hours each (both live and on demand.) I think Jennifer Louis would be a great instructor for this series. Thank you.

CV

Charles Van, CPA (US)

I think it is better to split the 8-hour class into two sessions, as it is too long and tiring. It is easy to lose focus during these 8 hours. I understand it is more efficient to have the class in one session, but from the participant's perspective, I think I can learn and retain more materials with a maximum of four hours. Another suggestion is that it is better to repost the polling questions with the choices and the answer, and not just the answer. Because not all the answers would be posted instantly after the answer was submitted. By the time the answer is posted, I would like to know why I was wrong. However, I was not able to read the question again. It does not matter for a personal opinion question, but for any technical question, I think it is better to have the question and answer reposted in the chat box.

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    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

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    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
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    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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