Fraud Focus - Where to Focus Your Fraud Efforts

Learn how to best focus fraud efforts in your organization. CPE = 1.0

Fraud impacts every person and every organization. Regardless of size, structure, geography, or demographics, every organization is subject to fraud ... and in many organizations management expects internal audit to catch fraud.

There are three major categories of fraud. Do you know what they are?

There are three things that when present increase the likelihood of fraud. Do you know what they are?

There are different types of fraud and some have a much bigger impact on organizations. Do you know what they are?

In this discussion, Lynn Fountain and Jason Mefford will review information on the top fraud schemes by focusing on the three categories, and evaluate the most common schemes by industry.

This will help you know where best to focus your fraud efforts in your organization.
Learning Objectives
- Explore top fraud schemes per the Association of Certified Fraud Examiners (ACFE)
- Explore top corruption schemes.
- Explore top financial statement schemes.
- Explore top asset misappropriation schemes.
- Identify industries who suffer the highest number of frauds.
- Identify industries who suffer the highest median loss due to frauds.

Field: Fraud
Delivery Method: Group
CPE Hours: 1.0
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 in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, SSAE 18, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.

Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

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.

Course Curriculum

  Fraud Focus - Where to Focus Your Fraud Efforts
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