Current Fraud Trends - Shifting Risks and Changing Fraud Schemes

Learning Objectives

• 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 Description

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.

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.

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.

View more CIA CPE Courses for your continuing professional education.

Overview

• Fraud Definition per Statements on Auditing Standards (SAS)

  4 mins
• Top 5 median losses by industry

  22 mins
• Top asset misappropriation schemes by occurrence

  47 mins
• Statistical profile of most common fraudster

  70 mins
• Whistleblower hotline best practices

  99 mins
• FBI - Impact of cryptocurrency

  126 mins
• Data breach response

  158 mins
• Trust services criteria - Basis for design

  192 mins
• Overlapping internal control objectives

  236 mins
• Common control activity categories

  290 mins
• Payroll control objectives

  327 mins
• Organization of code of conduct

  369 mins