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OnDemand Webinar

How to Detect Fraud

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

Fraud is not a risk that only large regulated companies need to worry about. 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, early detection remains one of the best ways of minimizing the cost of fraud. This topic will help you increase your knowledge surrounding the types of fraud, methods of detection and what to do when you suspect fraud.

Learning Objectives

  • You will be able to differentiate between the myth and facts surrounding fraud.
  • You will be able to recognize the warning signs of asset misappropriation.
  • You will be able to identify procedures to detect fraud.
  • You will be able to recognize how to reduce fraud risk and create fraud prevention strategies.

Runtime: 91 minutes
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Why Lorman?

Over 32 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
    • Pressure
    • Rationalization
    • Opportunity
  • Types of Fraud
  • Characteristics of a Fraudster

Detecting Financial Fraud

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

Detecting Asset Misappropriation

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

Detecting 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

Bonus Topic

  • Best Behaviors and Controls to Reduce the Risk of Fraud
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Why Lorman?

Over 32 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 Webinar

This course was last revised on January 31, 2019.

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

  • CPE/NASBA - QAS Self Study 2.0 including Specialized Knowledge 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 32 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 Forensic, Litigation and Valuation Services Group
  • More than 20 years of forensic accounting experience serving clients in a variety of industries, including life science, pharmaceutical, health care, manufacturing, non-profits and retail
  • Comprehensive background working with compliance stakeholders to conduct forensic investigations into allegations of fraud, misconduct, corruption and theft in addition to evaluating and developing compliance programs
  • Prior to joining EisnerAmper, he was a director in the Forensics practice of a Big Four accounting firm
  • Author of several published articles and is a frequent speaker before professional audiences on various topics, including managing third party risk, fraud deterrence and detection and investigation best practices. In addition, he has lectured at universities and has helped to develop a graduate-level forensic accounting course
  • Member of Association of International Certified Professional Accountants, Pennsylvania Institute of Certified Public Accountants and the American Bar Association
  • B.A. degree in Economics, University of Richmond
  • Can be contacted at 215-881-8127 or [email protected]
No photo available

Austin Tellam, CFE, CIA

EisnerAmper LLP

  • Senior Manager in EisnerAmper LLP's Forensic, Litigation and Valuation Services Group
  • More than 12 years of experience leading and managing complex international investigations throughout the U.S. and Latin America
  • Extensive experience in the areas of anti-bribery/anti-corruption (ABAC), health care compliance, and other corporate fraud
  • Advanced training in interview techniques and has extensive experience interviewing employees of all levels for information gathering and admission-seeking purposes
  • Bilingual and has managed fraud investigations in Mexico, Colombia, Brazil, Chile, Argentina, and Venezuela in a broad range of industries
  • Prior to joining the firm, Austin was a Director in the Global Risk and Investigations practice at an international consulting firm. He also led internal investigations in the U.S. and Latin America for a Fortune 100 Technology company's Compliance & Ethics team
  • Can be contacted at 786-866-3533 or [email protected]
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Why Lorman?

Over 32 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405582
Published 2019
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