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OnDemand Course

How to Detect Fraud

Increase your knowledge surrounding the types of fraud, methods of detection, and what to do when you suspect fraud.

Fraud touches every size company, in every industry from Main Street to Wall Street. An internal control environment that prevents all fraud has yet to be invented and, until such a system is devised, prevention and early detection remain the best ways of minimizing the cost of fraud. This material increases your knowledge surrounding types of fraud, cost effective preventative controls, methods of detection, and what to do when you suspect fraud.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 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

Background of Fraud

  • Fraud Triangle
  • Types of Fraud
  • Characteristics of a Fraudster

Detecting/Preventing Asset Misappropriation

  • Objectives of Asset Misappropriation
  • Vulnerable Accounts
  • Signs of Asset Misappropriation

Detecting/Preventing Financial Fraud

  • Objectives of Financial Fraud
  • Vulnerable Accounts
  • Signs of Financial Fraud

Detecting/Preventing Corruption

  • Objectives of Corruption
  • Vulnerable Accounts
  • Signs of Corruption

Best Practices When You Suspect Fraud

  • Ignore at Your Own Peril
  • Consult With Independent Parties to Help Assess
  • Engage Experts/Counsel
  • Understand Your Insurance Coverage
  • Learn From the Experience

How to Reduce Fraud Risk

  • Fraud Prevention Strategies
  • Corporate Governance
  • Fraud Risk Assessment
  • Whistle-blowing
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Why Lorman?

Over 34 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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.0
     
  • HI CLE 1.25
     
  • ME CLE 1.0
     
  • NJ CLE 1.8
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on January 27, 2021.

Call 1-866-352-9540 for further credit information.

  • ACFE 1.6
     
  • This program may qualify for 1.6 compliance or recertification CPE(s) through the Association of Certified Fraud Examiners (ACFE). Please visit the ACFE website for further clarification: https://www.acfe.com/maintaining-fields-of-study.aspx.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 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

David Sumner, CPA, CFF

David Sumner, CPA, CFF

EisnerAmper LLP

  • Director in EisnerAmper LLP’s Philadelphia Financial Advisory Services group where he specializes in partnering with compliance stakeholders to conduct forensic investigations into allegations of fraud, misconduct, corruption, and theft as well as evaluating and developing compliance programs within a variety of industries
  • Experienced designing corporate investigative functions, assisting internal audit teams with anti-bribery and anti-fraud procedures, as well as assisting audit teams in evaluating company responses to allegations of fraud
  • Spoke and taught on a variety of topics to the accounting profession and helped to develop a masters level course on fraud
  • B.A. degree in economics, University of Richmond
  • Can be contacted at 215-881-8127 or [email protected]
No photo available

A.J. Woloszynski

EisnerAmper LLP

  • Senior Associate in EisnerAmper LLP's Forensic, Litigation and Valuation Services Group
  • Can be contacted at 215-881-8117 or [email protected]
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Why Lorman?

Over 34 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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Product ID: 408080
Published 2021
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