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Technical

Fraud Update: Detecting and Preventing the Top Ten Fraud Schemes Logo aicpa

  Glenn Helms, PhD, CPA, CIA, CISA, CFF, CITP |   $149.00 - 209.00 |   CPE: 8.0-9.5 |   AICPA |   May 2017 |   Accounting |   AICPA Store
Identify and prevent deceptive acts.
Who Will Benefit?
  • Business owners
  • Managers
  • Supervisors
  • Employees
  • Accountants
  • Auditors
Key Topics
  • Major financial statement frauds including, among others, corruption conspiracies regarding sales and other types of revenue, estimates, journal entries, and other accounts
  • Major misappropriation of asset frauds including, among others, skimming, larceny, and embezzlement involving inventory, payables, and other accounts
  • Infamous Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud
Learning Objectives
  • Identify the findings and implications of major fraud studies.
  • Identify the risk factors and red flags for each of the top 10 fraud schemes.
  • Determine design controls to build into systems to mitigate fraud risks.
  • Distinguish the methodology of how frauds are committed.
  • Identify trends in various types of fraud.

Many costly fraudulent schemes are significantly affecting the bottom line of businesses and their ability to operate. Why do these material fraud schemes continue to succeed?

This self-study course provides descriptions of how these major frauds are perpetrated and the types of cost-effective controls that can be implemented by small and large businesses, and nonprofit entities, in order to identify and prevent such deceptive acts.

Using real-world examples and recent surveys, this course examines the red flags associated with various frauds. You will also take a look at the types of reporting and transaction processing systems that lack adequate controls to either prevent or detect common schemes. Non-technical skills relating to business and people skills have also been identified in the course, relating to business and people skills.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Foundational
  • Forensic & valuation services: Technical: Fraud: Prevention & detection, Foundational

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