This course explores many of the way’s employees can commit fraud, especially the types of fraud tha (Completed)
Registration closed on July 31, 2024 at 8:00pm Pacific Time
This course explores many of the way’s employees can commit fraud, especially the types of fraud that use documents to skirt internal controls. We will consider embezzlement schemes, theft schemes (Cash, inventory, data, and fixed assets), and will examine how employees conceal these frauds. We will review the red flags for employee fraud. Real world examples will be provided for the participants to see how this is occurring in the business world.
Who Should Attend
CPAs, CFEs, CFFs, CIAs, CMAs, MAFFs, CGMAs, internal auditors, external auditors, managers, business owners and others in the accounting field.
Topics Covered
- Occupational Fraud
Employee Fraud in the News
Theft of Assets
Common Fraud Schemes
Consequences for Employee Theft
- Internal Controls for Preventing & Detecting Employee Theft
Learning Objectives
- Identify ways to prevent employee theft
Identify common fraud schemes
Recognize how to design internal controls to help prevent and detect employee theft
Identify which level of control has internal controls that apply to the entire company
Recognize which fraud involves opening bank accounts using false information
Identify which type of occupational fraud is most costly when if occurs, according to the ACFE
Recognize who is responsible for designing effective internal controls and ensuring that they are monitored and operating effectively
Describe which expense reimbursement fraud is generally committed by employees
Identify parts of the Fraud Triangle
Recognize types of asset misappropriation
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Identify intangible assets an employee can misappropriate
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Social Environment of Business (6 hours), Production (2 hours)
Program Prerequisites
None
Advance Preparation
None
