ComplianceOnline

Employee Fraud Detection and Prevention

Instructor: Peter Goldmann
Product ID: 704040
  • Duration: 100 Min

recorded version

$149.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$299.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This fraud training program will focus on understanding the fraud problem and what propels employees to commit fraud. The course will also offer essential fraud detection tools and techniques and highlight best practices for developing and implementing anti-fraud controls.

"Employee Fraud Detection and Prevention" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 2 CPE credit up on full completion of the course.

Why Should You Attend:

Organizations of all kinds and sizes are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threatening organizations.

Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

Learning Objectives:

  • Understand the fraud problem
  • Why employees commit fraud
  • Essential fraud detection tools and techniques
  • Software tools for auditing for fraud
  • Best practices for developing and implementing anti-fraud controls
  • Identify the red flags of fraud
  • How to detect and investigate fraud
  • Building an anti-fraud control environment

Areas Covered in the Webinar:

Introduction

  1. Statistical overview of the fraud problem
  2. Who commits fraud
  3. Why employees commit fraud (the fraud triangle)
  4. Lessons from fraudsters
  5. Common types of internal fraud today

Red Flags of Fraud

  1. Conducting a fraud risk assessment and recognizing the red flags of internal fraud
  2. The fraud risk mitigation cycle
  3. Implementing an organization-wide system for detecting, preventing and investigating fraud

Fraud Detection

  1. Fraud detection
  2. How frauds are most often detected
  3. Additional general detection methods
  4. Data mining/analytics for fraud detection
  5. Examples of fraud audit techniques at work

Anti-Fraud Controls

  1. Internal controls and other fraud prevention measures
  2. Who should manage anti-fraud activities
  3. Internal controls: dos and don’ts
  4. Best practices in anti-fraud controls
  5. General controls: Segregation of duties, delegation of authority, background investigation
  6. Specific operations-level controls major fraud categories

Who Will Benefit:

  • Internal and external audit professionals
  • Internal control professionals
  • Finance and accounting management
  • Compliance and ethics professionals
  • Loss prevention and risk specialists
  • Security professionals
  • Fraud examiners
  • Procurement and payables specialists

Instructor Profile:

Peter Goldman has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association and the IOFM Controller Certification Advisory Board.

Mr. Goldman is a regular columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine. Mr. Goldman is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. He is the author of Fraud in the Markets: Why it happens and How to fight it, published by John Wiley & Sons, as well as four other anti-fraud books. He has also developed Fraud Aware, a leading fraud awareness training program.

Topic Background:

To effectively protect against employee fraud, it is first necessary to determine who in your organization is likeliest to be a perpetrator and why. With that knowledge, you can begin to understand what fraud fighters commonly refer to as “behavioral indicator” of potential fraud.

Beyond that, however, it is essential to gain the skills for assessing your organization’s risk of being a victim of the large and continuously expanding variety of employee-perpetrated frauds. Only then can you begin to build audit plans designed to identify the red flags of these offenses and, if found, examine clues that may point to the existence of actual fraud.

The ultimate goal of all of this, of course, is to lay the groundwork for pinpointing and then remediating internal control deficiencies that provide the opportunities for dishonest employees to engage in fraudulent activity.

This webinar will touch on all these critical areas, using carefully selected case studies to help illustrate the essential takeaways from the training.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Accounting 35 0.7
Auditing 35 0.7
Finance 30 0.6
Total Duration - 100 Min Total Credits - 2

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