Fraud Busters: Controls to Prevent & Detect Fraud

Overview

This course investigates actual real-world fraud schemes and discusses what controls could have prevented the fraud from occurring, and what controls could detect and curtail the fraud scheme. The instructor speaks from experience, finding multiple frauds very early in her career leading to a career-long focus on fraud prevention and detection. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation, you will be able to...

• Recall the fraud triangle and identify common profiles of fraud perpetrators
• Identify types of controls
• Apply specific controls to transaction types to prevent and deter fraud

Highlights

The major topics that will be covered in this course include:

• Fraud motivators - the fraud triangle, typical profiles of fraud perpetrators
• Revisiting the basics of controls - design vs effectiveness, preventative vs. detective
• Entity-wide controls and how they can assist in fraud deterrence
• Specific fraud types and the controls that could prevent and detect them