Current Trends in Fraud and Related Internal Controls

Learning Objectives

• To discuss the results of recent fraud surveys that indicate trends in today’s operating environment.
• To explain the most common fraud schemes, and how they are evolving with time.
• To inspect the best practices for preventing or detecting fraudulent financial reporting and misappropriation of assets.
• To list cybersecurity risk trends and best practices for avoiding them.
• To analyze important components of internal controls that contribute to fraud risk mitigation.

Course Description

Dive into the ever-evolving world of fraud and internal controls with our online course, "Current Trends in Fraud and Related Internal Controls." Stay ahead of the curve as this course by Jennifer Louis equips you with the latest strategies to identify and combat shifting risks across various organizational landscapes.

Explore recent fraud surveys to decode the intricate operational environment and understand the dynamic trends shaping it. Uncover the evolution of common fraud schemes, gaining crucial insights into their adaptability over time. Learn vital practices to fortify your ability to prevent and detect fraudulent financial reporting and asset misappropriation, empowering you to confront challenges effectively.

This CPE Auditing webinar doesn't stop at financial fraud; it delves into the realm of cybersecurity risk trends. Discover best practices that shield against emerging cyber threats, securing your organization's assets in an increasingly digital era.

Major topics:

• Summary of the impact of fraud on entities worldwide
• Common fraud schemes and typical median losses that result
• Discuss how smaller entity fraud risk differs 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

Focusing on internal controls, unravel pivotal components instrumental in mitigating fraud risks. Understand how these mechanisms act as a shield against fraudulent activities, enhancing your capability to identify, prevent, and address potential risks within your entity. With the latest tools and strategies at your disposal, navigate the intricate landscape of fraud and internal controls, safeguarding your organization's integrity.

Overview

• International standards on Auditing Definition

  4 mins
• Fraud resolution

  27 mins
• Nature of fraud perpetrator

  55 mins
• Detection method - Percentage of occurrence

  80 mins
• Cost of Breaches

  115 mins
• Data breach response

  155 mins
• Cybersecurity insurance - First-Party insurance

  181 mins
• Internal control linked to entity's mission

  207 mins
• Theory of moral development

  247 mins
• Risk assessment - Aspects of recent emphasis

  273 mins
• Factors influencing precision

  304 mins
• Information and Communication - Aspects of recent emphasis

  337 mins
• Integrity and Objectivity - members in business

  381 mins