Objective
- Recognize the prevalence of fraud
- Understand the ways an organization may unintentionally cause fraud
- Identify the costs of fraud
- Comprehend how the new COSO framework for internal control focuses on fraud
- Grasp the importance of an internal control environment
- Recognize potential signs of fraudulent behavior
- Understand how people may respond differently to certain factors
- See that there are many layers involved in fraud defense
- Anticipate a new environment ripe for fraudulent claims and reports
Highlights
- The price of fraud – ACFE’s Report to the Nations and ancillary costs
- The current economy – microeconomics and analysis
- COSO internal control framework, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments)
- Power of morale – shrinking the fraud triangle and employee motivation
- Deviant workplace behavior
- Historic schemes
- Why good folks go bad – interesting findings and red flags
- Combating fraud with controls
- Controls used by fraud victim organizations and suggestions for better implementation
- Fraud’s new frontier
- Corporate social, environmental, governance, and equity/inclusion reports and audits
Designed For
CPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source - would-be fraudstersPrerequisite
NoneAdvanced Preparation
None