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Fraud Prevention A Guide for Small and Medium-Sized Organizations

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • MAFF
  • CTP
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: April, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is Fraud?
    5 mins
  • How honest are you?
    14 mins
  • Creating an Anti-Fraud culture
    21 mins
  • The fraud risk management strategy
    32 mins
  • Tips to help prevent fraud
    52 mins
  • Procedures to prevent Bribery
    71 mins

Course Description

Business fraud is a significant, and growing problem. Hardly a day goes by without news reports of organizations being hacked or having their data hijacked. Phishing scams and ID theft are also serious threats to businesses.

According to data produced by Accenture, 43% of cyber attacks are aimed at small or medium-sized organizations, but only 14% of those organizations are well protected. Around 60% of successful internet fraud cases are the result of phishing emails, and 30% of cases result from ID theft. These two approaches are increasingly being combined in business internet fraud.

This CPE course aims to help managers in small or medium-sized organizations understand the fraud risk that they face and to take action to mitigate the risk. It covers frauds risks, creating an anti-fraud culture and developing a fraud risk management strategy. It comes with a fraud risk mini-audit and sample anti-fraud policies, and related policy documents.

The best way to prevent fraud is to have clear anti-fraud policies and procedures which all staff understand, and which are rigorously enforced; coupled with an open, communicative environment, where staff feel safe and supported to question actions and raise concerns.

This Online CPE Auditing Webinar Course has five parts:

  1. What is Fraud and Who Commits it?
  2. Creating an Anti-Fraud Culture
  3. Fraud Risk Management
  4. Managing Bribery Risk
  5. Appendices with sample anti-fraud policies, fraud response plans, a whistleblowing policy, and an anti-bribery policy.

Learning Objectives

  • To define the meaning and nature of business fraud.
  • To discuss the variable nature of people’s honesty and how that can tip into fraud.
  • To analyze the personality types of people who commit business fraud.
  • To identify the elements of an anti-fraud culture.
  • To explain the steps required to guard against internet fraud.
  • To analyze the elements of a fraud risk management strategy.
  • To outline the sanctions available for those committing fraud.
  • To develop an Anti-Fraud Policy, Fraud Response Plan, Whistleblowing Policy, and Anti-Bribery Policy for the organization.
  • To analyze how to audit the level of fraud risk and bribery risk in their organization.

Recommended For

  • This Online Auditing CPE course is appropriate for CPA, CFE, CIA, CMA, IAP, QIAL, MAFF, CISA, CRISC, external auditors, internal auditors, forensic accounts, risk managers, business owners, and others who might be interested in learning techniques to uncover fraud in small and medium-sized firms.
  • This Continuing professional education webinar is recommended for Accountants and Auditors having keen interest, excitement, and enthusiasm for preventing, detecting, and investigating frauds.
  • This CPD course is good for Canadian CPAs interested in creating an anti-fraud culture and developing a fraud risk management strategy.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Forensic Auditor
  • Fraud & Forensic Auditor
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 2 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 2 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Auditing for Master Analyst In Financial Forensics (MAFF)
  • 2 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 2 CRE Credit of Detect and mitigate fraud for Certified Treasury Professional (CTP)
  • 2 CPD Credit for CA - ICAEW
  • 2 CPD Credit for Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Ross Maynard

Managing Director, Ideas2Action Process Excellence Ltd

My philosophy is to inspire, challenge and support change. I have nearly 30 years’ experience as a business author and consultant.

As a consultant, I specialise in process improvement based on the Lean philosophy. I facilitate improvement teams and provide expertise in performance measurement and management; problem solving; and process improvement. 

As well as delivering webinars for MyCPE, I develop courses and webinars for the ACCA (Association of Chartered Certified Accountants) in the UK and other specialist business and finance providers.

I live in Scotland, near Glasgow, with my wife, daughter and Cocker Spaniel.

About Company

Ideas2Action Process Excellence Ltd

www.ideas2action.co.uk/

Ideas into Action was founded in 1997 by Ross Maynard. Ross is a Fellow of the Chartered Institute of Management Accountants with over 20 years experience in organisational development with organisations of all sizes. The business is incorporated as Ideas2Action Process Excellence Ltd, registration number SC523801. We specialise in process analysis and improvement and lean finance, offering training, consultancy and facilitation of process improvement teams.

Ross is author of “Successful Business Growth” published by Hodder and Stoughton, in 1998; as well as many published articles on business improvement and lean management. Ross is an NLP Master Practitioner.

Faq

FAQs content

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Ratings and Review

4.6

35 Ratings

Excellent

25

Very Good

7

Average

3

Poor

0

Terrible

0

TR

Tim Rush, CFE

Apr 5th, 2022

Very clear and concise!

IH

Iqbal Hasan, CPA (US)

Aug 3rd, 2022

pleasant and refreshing

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