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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.

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.

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

OnDemand Course

This course was last revised on May 10, 2021.

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

  • CPE/NASBA - QAS Self Study 2.2 including Accounting 2.2
     
  • 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: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.2 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 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 Forensic, Litigation and Valuation Services Group
  • He has more than 20 years of forensic accounting experience serving clients in a variety of industries, including life science, pharmaceutical, health care, manufacturing, nonprofits and retail
  • Has a 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 LLP, 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 and the Institute of Certified Public Accountants
  • 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.

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
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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

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Product ID: 409010
Published 2021
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