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Fraud Update: Detecting & Preventing the Top 10 Fraud Schemes

  December 11, 2018 from 8:00 a.m. to 3:30 p.m.
 Richmond
 
8.0
19 / 3-610
Designed For:

Identify the findings and implications of major fraud studies. Identify the risk factors and red flags for each of the top ten fraud schemes. Determine design controls to build into systems to mitigate fraud risks. Distinguish the methodology of how frauds are committed. Identify trends in

Prerequisite:

Experience in accounting and reporting

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades. Why do these material and frequently recurring frauds succeed? One reason is that business owners, management, auditors and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds. Another major reason is that the reporting and transaction processing systems do not have adequate controls to either prevent and/or detect these schemes. This course will provide descriptions of how these major frauds are perpetrated (including real-world examples) and the types of cost-effective controls that small and large businesses and nonprofit entities can implement to identify and prevent these deceptive acts.

Delivery Method: Group-live
CPE Credit: Auditing
Program Level: Intermediate

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