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Executive Roadmap to Fraud Prevention and Internal Control

Exam Questions: 80
Course Level: Basic
Pages: 358 | Content: 346, Supplemental: 12
NASBA Area of Study: Auditing
Not Acceptable for: Enrolled Agents
Version: 6840B

This course will give you tools to stop fraud in its tracks with field-tested, proactive methods. It details cash studies, sample policies, real-world examples, checklists, and best practices. It will prove to be your roadmap to corporate fraud, the implementation of fraud prevention, and the creation of a culture of compliance.

Directed at professionals who understand the importance and ramifications of good corporate governance, ethics, and compliance, this course will explore major compliance and corporate governance initiatives, a 14-point program your business can use to proactively prevent fraud, ACFE Fraud Prevention Check-Up to test how vulnerable your organization is, best practices for hotlines and whistleblower protection, the Fraud Triangle and other theories and models explaining how and why fraud occurs, how the government investigates and prosecutes corporate fraud, interviews with former fraudsters, key steps in designing a robust fraud prevention program, the role of the Sarbanes-Oxley Act in reducing corporate fraud, enterprise risk management, global fraud and corruption risk, The Foreign Corrupt Practices Act (FCPA), updates to the Federal Sentencing Guidelines for Organizational Crime, the impact of the financial crisis and "Too Big to Fail" policy, and technology trends and tools to protect organizations. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Fraud's Feeding Frenzy
  • Fraud Theory and Prevention
  • The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes-Oxley
  • The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the 2010 Amendments to the Federal Sentencing Guidelines for Organizations
  • Internal Controls and Antifraud Programs
  • Financial Statement Fraud
  • Internal Fraud: Protecting a Company
  • Former Fraudster and New Man
  • External Schemes and Scams: The Rest of the Fraud Story
  • Not Too Big to Fail
  • Designing a Robust Fraud Prevention Program
  • Whistleblowers and Hotlines
  • Time to Do Background Checks
  • Training, Training, and More Training
  • Global Fraud and Corruption Risk
  • The Feds Are Watching: What to Know and Do Now
  • A Fraud Prevention Culture That Works
Objectives
  • To recognize efforts focused on fraud prevention
  • To identify common elements of fraud
  • To recall corporate governance compliance organizations
  • To recognize paths for corporate compliance and accountability
  • To recall various types of risks
  • To identify recurring themes of financial statement fraud
  • To recall various internal fraud schemes
  • To recall lessons from a prior known fraudster
  • To identify fraud risks in retail transactions
  • To recognize features of various types of loans
  • To recognize financial integrity concepts
  • To recall the protections of whistleblowers and the impact of the False Claims Act (FCA)
  • To identify the importance of and responsibility for background checks
  • To identify effective fraud awareness strategies
  • To recall fraud corruption experienced globally
  • To recall methods of pursuing a fraud case
  • To recognize characteristics of the fraud perpetrator

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.