Accounting  |  Format: Flash

Fraud Update: The Impact of Fraud and Actions to Address Fraud (Updated)

Course Overview:
As fraud has evolved over the years the controls and procedures to prevent and detect fraud have also evolved. This course will consider the significant impact of fraud and the measures that have occurred to address fraud, particularly white-collar crime. The U.S. government response to events and situations involving fraudulent activity will be looked at, along with the consequences for committing fraud. The effectiveness of an organization's internal control system plays an important role regarding fraud, and an overview of the recently updated COSO's Internal Control - Integrated Framework is provided. Examples of fraud risks will be reviewed, along with steps that can be implemented as part of an anti-fraud program.

Learning Objectives:
After completing this course, participants should be able to:

  • Recognize the impact of fraud.
  • Identify government actions taken to address fraud.
  • Identify the components of internal control.
  • Recognize the fraud risk assessment process.
  • Recognize fraud risk factors.
  • Identify controls that address the risk of fraud.
    Catalog Number: 99NEU02-tx-v2
    CPE Credits: 1 Registry / 1 QAS
    Author: Colleen Neuharth McClain
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Jul 13, 2018 / Dec 31, 2020