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Fraud Basics: Protecting the Company Till

ID: 57664
Tuesday December 19, 2023 1:00PM - 4:30PM
Topics: Audit + Assurance Risk Management + Fraud
Save 18% until 11/21/2023

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud. 

Learning Objectives:

- Understand the prevalence of fraud

- Realize how organizations may cause fraud without realizing it

- Comprehend the cost of fraud

- See how the new COSO Framework for Internal Control focuses on fraud

- Understand that there are many layers in fraud defense

Major Topics:

- Fraud's cost: ACFE's Report to the Nations; Ancillary costs

- Current economy: Microeconomics; Analyses

- COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment

- Power of morale: Shrink the fraud triangle; Motivation

- Why good folks go bad: What studies indicate; Five interesting findings; Red flags

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.