Fraud involves deceit with the intent to illegally or unethically benefit at the cost of another. In financial transaction, fraud can take many forms. For instance, making false insurance claims, cooking the books, pump & dump schemes, and identity theft leading to unauthorized purchases etc. Fraud costs every economy innumerable amount of money and confidence each and every year. Therefore those who are caught are subject to fines and jail time.
As a gatekeeper of all the financial transactions, accountants and auditors come into every transaction in the system before anyone else. Therefore it is very important that they play their crucial role in their fiduciary responsibilities. However, one of the main reasons CPAs and other accountants often fail to detect fraud is that they are too honest. They find it difficult to think like a criminal.
This unique course is designed for individuals who would like
- To refresh their understanding of fraud schemes.
- To learn how to recognize the red flags for detecting fraud.
For that understanding how criminals commit fraud is the first step in preventing fraud. The course will take an in-depth view at the various types of fraud affecting businesses, not-for-profits, governments and individuals.
Major Topics Covered :
- Fraud Research
- Occupational and Non-occupational frauds
- Fraud Statistics
- Common Fraud Schemes
- Cyber Frauds
- Government Frauds
- COVID-19 Scams
- Money Laundering
This course is designed to be a refresher course for CPAs, CFEs, MAFFs, CIAs, CMAs, and others in the accounting, auditing, risk management or compliance fields.