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Fraud Basics

Fraud Basics

April 26-27, 2023 | 8:00am-12:00pm Central Time



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.

Learning Objectives:

  • Understand the Fraud Triangle
  • Understand the fraud tree and fraud schemes
  • Identify the characteristics of fraudsters
  • Knowledge of prevention and detection programs for fraud
  • How to identify the red flags of fraud


CPEs: 8.0 | Field: Specialized Knowledge | Delivery: Group Internet Based
Level: Intermediate | Prerequisites: Working business and organizational knowledge
Who Should Attend: Anyone who wishes to understand and be able to identify potential fraud

Verracy is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 website:

Texas State Board of Public Accountancy, 505 E. Huntland Drive, Suite 380, Austin, Texas 78752

Cancellation Policy: 100% refund if cancelled at least 5 days before the start of the training.  To learn about Verracy’s cancellation and refund policy, visit our website.

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