Focus on Fraud: Fraudulent Disbursements

Field: Fraud | Delivery Method: Self Study | CPE Hours: 1.5

The Association of Certified Fraud Examiners (ACFE) has introduced the concept of a fraud tree. The tree delineates three major categories of fraud as:

  • Corruption
  • Asset Misappropriation
  • Financial Statement Fraud
This course will evaluate the concepts that fall within asset misappropriation and are directly related to the fraudulent disbursements component of the fraud tree. We will examine the various components of corruption and solutions that can be used to mitigate corruption impacts.
Fraudulent disbursements are the most common form of asset misappropriation. They occur when an employee uses his position of employment to cause a payment for some inappropriate purpose. The fraud tree breaks fraudulent disbursements into the following categories:
  • Billing
  • Payroll
  • Expense reimbursement
  • Check tampering
  • Register reimbursements
Each scheme has its unique characteristics depending on the industry the fraudulent act is perpetrated in. This session will delve further into each of these methods and provide possible solutions to mitigate frauds of this type.
Learning Objectives
Explore the definition of fraudulent disbursements and recognize how they impact a business.
Explore the various types of fraudulent disbursements and identify potential solutions for each category including:
  • Billing
  • Payroll
  • Expense reimbursement
  • Check tampering
  • Register reimbursement


Field: Fraud
CPE: 1.5
Delivery Method: Self-Study
Format: Video




Your Instructor


Lynn Fountain
Lynn Fountain

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.


https://www.lynnfountain.net/


Frequently Asked Questions


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