Profiling the Fraudster

Exam Questions: 50
Course Level: Basic
Pages: 310 | Content: 284, Supplemental: 26
NASBA Area of Study: Auditing
Not Acceptable for: Enrolled Agents
Version: 7340C

About 80% of occupational fraud is committed by insiders. The reason this is still so prevalent is that organizations fail to adequately understand the characteristics of fraud perpetrators. Most fraud prevention and detection programs focus on controlling the environment, rather than on the actual source of the fraud: people. This course provides a comprehensive overview of investigative psychology that will allow businesses to close this gap in fraud prevention.

This course will guide readers through a step-by-step process of developing a fraud profiling methodology. It includes a host of charts and diagrams to illustrate the process that include:

• Instructions for productive data mining
• Compiling a list of key characteristics of the fraudster
• Evidence-based red flags and warning signs
• A guide to bringing human resources on board during the recruitment process

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
  • Introduction to Occupational Fraud and Corruption and Recent Trends
  • Types of Occupational Fraud and Corruption
  • What Is Fraud and More Specifically Occupational Fraud?
  • Corruption
  • Normative Crime Analysis and Investigative Psychology
  • The Fraud Triangle Becomes the Fraud Diamond
  • Using Profiling in the Fight Against Crime and Occupational Fraud
  • Criminal and Fraud Offender Profiling
  • Behavioral Warning Signs and Red Flags
  • Motivation and Opportunity as Key Indicators
  • Profiling Individual Behavior and Characteristics of a Fraudster
  • Profiling the Fraudster's Position and Department
  • Profiling the Fraudster's Methodology or Modus Operandi
  • Profiling the Victim Organization and Its Geography
  • Profiling the Consequences
  • Using Case Studies for Profiling Fraudsters
  • The Use of Offender Profiling in Forensic Investigations
  • Profiling as Part of Your Sound Antifraud Program
  • Information Sources and the Role of Data Mining
  • Fraud Profiling Your Organization
  • The Process of Developing a Fraud Profile
  • The Role of the HR Recruitment Process in Profiling
  • To recall various characteristics of occupational fraud
  • To identify different types of occupational fraud and corruption
  • To recall the median duration of fraud discovery
  • To recognize what shapes the level of corporate integrity
  • To identify the main cause of opportunity for fraud
  • To recall the characteristic added to the fraud triangle making it the fraud diamond
  • To recognize what makes up a fraud profiling strategy
  • To identify the characteristics of a typical fraudster
  • To recognize what assets are most often misappropriated
  • To recall the level of fraud discovered by chance
  • To recognize red flags of a fraudster
  • To identify the significance of the position and the department of a fraudster
  • To recall the impact of collusion on fraud
  • To identify common features of fraud victim organizations
  • To recall the consequences of fraud on victim organizations
  • To recognize actual case studies related to fraud
  • To recall what is offender profiling and how it is obtained
  • To recall characteristics of antifraud programs
  • To identify types of data analysis techniques
  • To recognize techniques of applying fraud profiling to an organization
  • To recall the phases of creating a fraud profile for an organization
  • To recognize the occurrence of actual convictions of fraud-related offenses

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.