Learn how to defend against fraud and take appropriate steps to respond when fraud occurs.
This presentation examines the many ways organizations--particularly within the corporate sector--can mitigate the risk of fraud. Studies show that occupational fraud schemes account for an estimated 5% in annual revenue loss for organizations worldwide. Although red flags often exist, the absence of strong risk-mitigation strategies allows schemes perpetrated by trusted personnel to escalate into losses of tens--or even hundreds--of thousands of dollars. This program defines fraud and embezzlement, outlines the nature of occupational fraud schemes, and details several risk-mitigation techniques that can be implemented immediately. Participants will gain the ability to identify essential internal controls and understand how modern forensic investigative tools--including data analytics, textual analytics, and sentiment analysis--play a role in detecting indicators of fraud. The session will also address the legal considerations involved in corporate internal investigations, with particular emphasis on independence and the preservation of the attorney-client privilege.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Occupational Fraud
- Definition and Fraud Schemes
- Impact of Fraud on Organizations Worldwide
- Profile of a Fraud Perpetrator
Case Study I
- Background
- Fraud Scheme and Evidence
- Missing Internal Controls
Case Study II
- Background
- Fraud Scheme and Evidence
- Internal Controls Override
Internal Controls
- Internal Controls Frameworks
- Internal Controls That Can Be Employed Immediately
- Internal Controls for Remote Employees
Modern-Day Fraud Detection
- Accounts Payable Fraud Scheme
- Vendor Attribute Analysis: Employee/Vendor Matching
- Vendor Trend Analysis
- Textual Analytics
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 18, 2025.
Call 1-866-352-9540 for further credit information.
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- NH MCLE 1.6
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 100 Minutes.
- NJ CLE 2.0
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
- PA CLE 1.5
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WV MCLE 2.0
- This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
- IAPP 1.75
- This course has been approved through the International Association of Privacy Professionals (IAPP) for 1.75 CPE Credit(s). This course is applicable to the following certifications: CIPP/A, CIPP/C, CIP/CN, CIPP/E, CIPP/US, CIPM, CIPT.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.5
- HI CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 2.0
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Stuart G. Berman, CFE, CAMS, PSP
RSA Risk Management, PLLC
- Principal and Co-Founder of RSA Risk Management, PLLC, in Chicago, IL
- Provides expert witness services, litigation support, forensic accounting, corporate investigations, eDiscovery services, cyber security, and physical security assessment services
- Dedicated to serving clients in the legal, government, and private sectors
- Retired Special Agent in Charge, U.S. General Services Administration (GSA), Office of Inspector General (OIG)
- Brings 20 years of federal law enforcement experience and more than 25 years of experience conducting financial and fraud investigations
- Proficient in forensic accounting, proactive analytics, economic damages calculations, records analysis, and data interpretation
- Skilled in presenting summaries of complex financial and commercial issues
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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