Fraud: Focus on Cash and Assets

Fraud: Focus on Cash and Assets

The Association of Certified Fraud Examiners (ACFE) has developed a fraud tree which categorizes types of fraud schemes into the following three primary areas:

• Corruption

• Asset Misappropriation

• Financial Statement (FS) Fraud

Previous courses have addressed corruption and asset misappropriation related to fraudulent disbursements and financial statement fraud.   This course will address asset misappropriation – specifically cash on hand and cash receipts.

To identify how fraud can be mitigated, individuals must understand the types of fraud most prevalent to their business.  Asset misappropriation is a scheme in which an employee steals or misuses the employing organization’s resources. For asset misappropriation – cash on hand and cash receipts - this course delves into various components that impact these categories.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

This course addresses asset misappropriation.

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What you will learn

• Explore the types of asset misappropriation.
• Identify fraudulent schemes related to cash on hand.
• Explore fraudulent schemes for cash receipts including skimming, lapping, refund or discount skimming, short-term (ST) skimming.

Rating: 4.5

Level: Intermediate Level

Duration: 1 hour

Instructor: Illumeo Learning