Understanding Fraud, The Basics

Course Details

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Course Description

Fraud is defined as the intentional false representation or concealment of a material fact for the purpose of inducing another to act upon it to his or her injury (as defined by the American Institute of Certified Public Accountants). Banks, retail, medical, government, non-profit and insurance are just a few of the industries that experience fraud daily in one way or another. Financial crime is continuously evolving. At any given moment, persons in all parts of the world are conceiving new illegal ways to take money or gain economic advantage from organizations and individual victims.

For financial institutions, government agencies and the like, fraud is not only a constant headache but a significant operational risk. It creates financial losses and reputation harm which can last for years. Fighting fraud is now an escalating war. Even agencies with the most advanced tools and procedures to detect and prevent fraud sometimes feel like they are lagging behind. 

Major Topics Covered :

  • Definition of fraud
  • The fraud triangle
  • Elements of fraud
  • History of fraud

This course is designed for individuals who would like to obtain a basic understanding of fraud. We will discuss various types of frauds and how the criminals commit the frauds. We will review some of the legal and ethical implications involved. 

Examples of real world cases will be provided to help develop and understanding of the risks involved. Participants will be introduced to the fraud triangle and the elements of fraud. We will discuss the history of fraud as it relates to the accounting profession.

Learning objectives

  • To develop an understanding and learn definition of fraud
  • To identify and explore the fraud triangle
  • To recognize the elements of fraud
  • To review a history of fraud

About Presenter

Dr. Robert Minniti

President, Minniti CPA LLC

minniti.cpa@cox.net

Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.

He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.

MINNITI CPA LLC is seeking professional, hard-working, licensed CPAs with at least four years of experience.

The Firm demands independence, integrity, objectivity, competence and due care from all of its personnel in the conduct of its engagements. Our Firm is structured to provide leadership in achieving high quality professional performance while maintaining the concept of individual responsibility. Policies and procedures have been established providing assurance that professional engagements are properly planned and executed. Decisions are based on the substance of issues, not on form.

Our policies and procedures designate Partners of the Firm for consultation on significant ethical, technical and industry questions. The policies and procedures are designed to assure that clients receive the best professional services we can provide. We continually keep in mind the public interest. We expect our Partners and Associates to identify and resolve all important engagement issues.

The job requires high level tax preparation skills, superior tax research and problem solving abilities, broad software knowledge, and excellent written and oral communication skills. We have a team approach to provide high quality client service for tax compliance, planning, financial statements, and general business consulting.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

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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.

upcoming Live CPE Webinars

QBO Running reports - Information, Analysis & Better Decision
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Payroll Fraud Information and Discussion
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Corporate External Financial Reporting Decisions
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
How to not be an HR Failure – from an employment law perspective
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
Mastering QBO For Accountants - Techniques,Tips & Tricks, Advance Learning
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Advance IRS Learning: Multiyear Non-Filing, Criminal Investigation, Voluntary Disclosure, Whistleblower Claims etc.
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
How to Analyze Your Client’s Tax Situation Course Information
Monday, October 26, 2020 | 11:30 AM EDT View Details/Register
10 Secrets the Credit Card Processing Industry Doesn't Want You to Know
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
CARES Act and Bonus Depreciation Strategies Unlocks Cash Flow for Real Estate Owners
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
Learn about opportunity zone and recent IRS updates:QUALIFIED OPPORTUNITY ZONES
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
Ethics IRS Circular 230 - Controversy Side of Circular 230
Monday, October 26, 2020 | 01:30 PM EDT View Details/Register
  • Cost $20
  • CPE Credits 2
  • CPD Credits 2
  • Subject Area Auditing
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Auditors Young CPA Entrepreneurial CPA Senior Accountant VP Accounts Entrepreneurial Accountant Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

QBO Running reports - Information, Analysis & Better Decision
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Payroll Fraud Information and Discussion
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Corporate External Financial Reporting Decisions
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
How to not be an HR Failure – from an employment law perspective
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
Mastering QBO For Accountants - Techniques,Tips & Tricks, Advance Learning
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Advance IRS Learning: Multiyear Non-Filing, Criminal Investigation, Voluntary Disclosure, Whistleblower Claims etc.
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
How to Analyze Your Client’s Tax Situation Course Information
Monday, October 26, 2020 | 11:30 AM EDT View Details/Register
10 Secrets the Credit Card Processing Industry Doesn't Want You to Know
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
CARES Act and Bonus Depreciation Strategies Unlocks Cash Flow for Real Estate Owners
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
Learn about opportunity zone and recent IRS updates:QUALIFIED OPPORTUNITY ZONES
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
Ethics IRS Circular 230 - Controversy Side of Circular 230
Monday, October 26, 2020 | 01:30 PM EDT View Details/Register