The American Association of Certified Fraud Examiners has introduced the concept of a fraud tree. The tree delineates three major categories of fraud as:
- Asset Misappropriation
- Financial Statement Fraud
This course will evaluation the concepts that fall within the corruption segment of the fraud tree. We will examine the various components of corruption and solutions that can be used to mitigate corruption impacts. In doing so, we will evaluate the types of corrupt activity that may lend itself to financial fraud.
In addition, we will evaluate the sub-components of the corruption leg of the fraud tree. This includes:
- Conflict of Interest
- Illegal Gratuities
- Economic Extortion
To identify how fraud can be mitigated, individuals must understand the types of fraud that are most prevalent to their business.
- Explore the definition of corruption and its connection to fraud.
- Explore types of financial corruption, causes and specific business sectors involved.
- Explore the ACFE fraud tree that includes corruption.
- Examine aspects of:
- Illegal gratuities
- Economic distortion
Delivery Method: Self-Study
Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive
Business Consultant, Trainer, Author
Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.
As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.
Ms. Fountain has authored three technical publications:
-Leading the Internal Audit Function
-Raise the Red Flag
-Ethics and the Internal Auditor's political dilemma
Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.