Identifying and understanding fraud requires training. Fraud activities, red flags and attributes are often misinterpreted as mistakes or having a good reason, even if that reason doesn’t make sense. The Association of Certified Fraud Examiners (ACFE) studies show that an average of 5% of revenue is lost to internal fraud schemes within an organization. To fight fraud, organizations and individuals must understand fraud. This course explains, in depth, the opportunities that lead to fraud, the pressures that cause fraud and how individuals rationalize their fraudulent behavior: the fraud triangle. The course examines the fraud tree and all its fraud schemes and their red flags. Fraudster characteristics are explored and examined.
This class will provide individuals with the knowledge necessary to identify fraud opportunities, pressures and red flags to prevent and detect fraud.