An Exhaustive Look At Fraud & Ways To Control It (Part 2)

Overview

Fraud activities can be executed from within an organization, by parties outside an entity, or by both. Importantly, as the business world becomes more technological, the way fraud is carried out is changing. There must be an increased focus on understanding where new fraud vulnerabilities exist. In this session, we delve into the reasons that both internal and external intentional defalcations take place. The material discusses the new ways fraud is being actuated and looks at the factors driving those that undertake fraud. We spend time examining measures that can be implemented in order to stop fraud via the deployment of added security across the enterprise.

Highlights

• Fraudulent acts initiated from outside organizations
• Why internal fraud occurs
• The importance of fighting cyber-fraud
• Steps that verify anti-fraud activities are working

Prerequisites

A basic understanding of internal control and security concepts

Designed For

Accounting and other business professionals with a need to understand ways to thwart fraud.

Objectives

• Distinguish reasons that employees and others that are internal to an organization choose to undertake fraudulent acts
• Determine the ways that fraud activities are changing as business methods change
• Differentiate between the types of control measures that work best as entities strive to mitigate fraud risk
• Select specific internal control measures that reduce fraud activities
• Identify how anti-fraud measures add security to all segments and aspects of a business organization

Preparation

Complete part 1 of this course