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FRAUD ESSENTIALS: WHO? How? why? what?

4.5 (50)

Mark Dauberman, CPA

Mark Dauberman

Thursday, July 23, 2020 | 12:00 PM EDT

  • CPA Canada
  • CRMA
  • CFF
  • CGAP
  • CIA
  • CMA
  • CPA
  • IAP
  • QIAL
  • CFE

2 Credits

$20

Subject Area

Auditing

Upcoming Webinars

Course Description

For decades, the Association of Certified Fraud Examiners has been estimating the amount that entities lose to fraud on an annual basis.  In their “Report to the Nations – 2020 Global Study on Occupational Fraud and Abuse”, it estimates that entities lose roughly 5% of their revenues to fraud, comparable to findings in earlier years.  Despite endless studies on why and how it occurs, the creation of systems or controls to prevent it, and development of internal reports to detect it, fraud continues to be a problem.

While many agree that it is a problem that will probably never be solved, there are approaches that may be more effective at mitigating it. This course looks at the profiles of the various types of fraud perpetrators, how it is committed, and the conditions under which it is likely to be successful.

This knowledge enables those responsible for the prevention or detection of fraud to establish different types of controls that will be more effective for different types of perpetrators, develop processes that make committing fraud more difficult, and modify the environment to avoid conditions that contribute to the success of fraudulent acts.

Any solution will involve the development of internal control activities, but it must be understood that conventional controls are rarely effective at fraud prevention. This course will identify the characteristics of controls that are more likely to be effective and provide examples of unconventional controls that have proven to be effective.

Highlights of the webinar :

  • Who commits fraud?
  • How is it done?
  • Why do they do it?
  • What can we do to prevent or detect it?

Learning Objectives

  • To identify who commits fraud and how it is committed.
  • To identify the conditions under which fraud is more likely to occur successfully.
  • To recall the components of the COSO model of internal control and how they interact to prevent and detect fraud.
  • To recognize various ways for identifying vulnerabilities to fraud and finding the types of fraud preventive techniques that may be effective.
  • To recall various examples of unconventional controls effective at preventing fraud

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bank Managers
  • Bookkeeper
  • Business Owner
  • CEO
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent

Testimonial

Array
(
    [no_of_record] => 50
    [average] => 4.5200
)
 

4.5

(50)
66%
26%
4%
2%
2%

KH

Great examples, not just textbook information.

DC

Very informative and well presented course

MW

It was great There was time in which the video he was presenting did not have audio. He then spoke about it for the next 15/20 mins and it was hard to follow. He did offer the link after the presentation but it was hard for me to follow the section without understanding the video. It was a little annoying but not a major issue.