How To Deal With Red Flags - Understand With Real World Case Studies

Learning Objectives

• To review the basics of fraud and human nature.
• To discuss the different types of red flags.
• To discuss how to detect red flags.
• To know what to do when a red flag shows up.
• To evaluate recommendations for fraud prevention policies.

Course Description

All companies encounter fraud risk, which can either be internal or external. Internal risks come from persons within who may use their status to get rich by embezzling assets and assets owned by their company. On the other hand, external risks are caused by government officers, customers, and contractors who may seek to acquire funds illicitly.

Red flags are signs of probable fraud. A red flag is a set of situations that are unusual. It is an indication that an item is out of sync and may need to be checked out.

This online continuing education course will help you recognize and deal with red flags. Recommendations for resolving red flag issues will help you focus on action items that will help your organization.

Major topics covered in this online CPE webinar:

• Definition of a red flag.
• Recognition a warning or indicator of possible fraud.
• Red flags for an analyst or investor.
• Variation in red flags.
• Why a red flag for one investor may not be one for another.

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Overview

• ACFE red flags

  3 mins
• What was the most common behavioral red flag?

  13 mins
• Employees who resist sharing control

  28 mins
• Red Flags of Corporate Failure

  43 mins
• Spikes in invoice volume

  59 mins
• Lack of puepose

  78 mins
• Net Income and cash from operations out of line case

  96 mins