Decades, mostly due to the lack of implementation of internal controls and a fraud
risk mitigation plan. The advancement of technology and the increased
sophistication in committing fraud are also impacting organizations and affecting
their bottom line. The Business Fraud Risk Framework identifies various types of
fraud that can be perpetrated across an organization. This course will provide
insight into the framework and focus on the most prevalent fraud schemes
affecting organizations.
• Distinguish between different fraud schemes within the Business Fraud
Risk Framework.
• Identify the most prevalent fraud schemes perpetrated across
organizations.
• Describe the adverse impacts on an organization as a result of
perpetrated fraud schemes.
• Identify red flags for each of the fraud schemes.
• Recall an effective root cause analysis.
• Distinguish the methodology of how frauds are committed.
• Identify trends in various types of fraud.
• Recall how to mitigate fraud within an organization with properly designed
internal controls and other methods.
• Business Fraud Risk Framework
• Cyber fraud
• Misappropriation of assets
• Money laundering
• Financial statement fraud
• Investing/Ponzi schemes
• Bribery
• Risk mitigation techniques
Individuals looking to
understand various fraud
schemes and how to mitigate
these risks
None
None
