Objective
- Understand the prevalence of fraud
- Realize how organizations may cause fraud without realizing it
- Comprehend the cost of fraud
- See how the new COSO Framework for Internal Control focuses on fraud
- Understand that there are many layers in fraud defense
Highlights
- Fraud's cost: ACFE's Report to the Nations; Ancillary costs
- Current economy: Microeconomics; Analyses
- COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment
- Power of morale: Shrink the fraud triangle; Motivation
- Why good folks go bad: What studies indicate; Five interesting findings; Red flags
Designed For
CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source - would-be fraudstersPrerequisite
NoneAdvanced Preparation
None