UNDERSTANDING FRAUD, THE BASICS

4.5 (20)

Dr. Robert Minniti

Minniti CPA LLC

  • CPA
  • CFF
  • CMA
  • CFE
  • CPA(Canada)
  • TEP

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

Overview

  • Fraud Reasearch5 mins
  • Predication of Fraud15 mins
  • Government Fraud Risks30 mins
  • Corruption49 mins
  • Source of Tips63 mins
  • Duplicate Card Frauds74 mins

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 recognize fraud
  • To explore fraud triangle
  • To identify the elements of fraud
  • To recall the history of fraud

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

Testimonial

4.5

(20)
65%
30%
0%
0%
5%

MO

Stories and examples of types of fraud were interesting to hear about.

DA

Great class.

DB

great

MA

great information and well delivered

AS

Very informative with good examples to reinforce learning

JR

Good refresher, presenter had pleasant delivery, could have used more examples.