Focus on Internal Controls to Prevent and Detect Fraud

Focus on Internal Controls to Prevent and Detect Fraud

The concept of fraud is all around us.  As technology continues to advance, so do the methods used to perpetrate fraud.  In addition, the fraudster seems to be getting more intelligent and developing innovative ways to plague businesses and individuals.

In today’s world, internal controls are a critical element to allow organizations to prevent and detect fraud.  Without proper internal controls, the “opportunity” portion of the fraud triangle is exposed.  It becomes an area where employees and other professionals can take advantage and perpetrate fraud.

This course review the top internal controls organizations can use to prevent and detect fraud. A great deal of information and statistics is taken from the Association of Certified Fraud Examiners (ACFE) 2016 Report to the Nations. Other good resources include the Kroll Fraud Report and the Committee of Sponsoring Organizations fraud guidance at COSO website.

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 reviews the top internal controls organizations can use to prevent and detect fraud.

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What you will learn

• Explore the internal control connection to fraud.
• Recognize the characteristics of organizations that fall victim to fraud.
• Explore the importance of fraud awareness.

Rating: 4.15

Level: Intermediate Level

Duration: 1.5 hours

Instructor: Illumeo Learning