# Detection and Prevention of Fraud Course (Self-Paced)

Canonical URL: <https://www.graduateschool.edu/courses/detection-and-prevention-of-fraud-course-self-paced>

## Overview

Explore the legal statutes on fraud. Learn both the legal and layman's definitions of fraud, and the nature, causes, and types of white-collar crimes. Become familiar with your professional audit responsibilities for designing audit procedures to detect fraud. Discover the role of internal controls and supervision in preventing fraud and become familiar with audit procedures proven effective in detecting fraud. Discuss the role of auditors in reporting illegal acts and working with investigators to prosecute fraud. Practice fraud detection methods in case exercises.

## What you'll learn

- Define fraud and explain its five elements.
- Describe the classic fraud schemes.
- Cite the auditor's responsibilities for the prevention and detection of fraud.
- Describe where and how fraud is committed and who commits it.
- Identify indicators/red flags and detection techniques associated with fraud.
- Describe the criminal statutes related to fraud.
- Describe the federal rules of evidence for prosecuting fraud.
- Identify factors of auditor cooperation with investigators, timing, and content of investigative referrals.

## Curriculum

#### Module 1: Understanding Fraud

- Define fraud versus waste and abuse
- Understand the five elements of fraud
- Recognize major fraud schemes
- Identify tools auditors use to prevent and detect fraud
- Review key criminal and civil statutes related to fraud

#### Module 2: Audit Guidelines and Standards

- Understand various audit types according to auditing standards
- Cite auditor responsibilities regarding fraud detection
- Learn how to design audits that identify potential fraud

#### Module 3: Fraud Prevention

- Examine the role of internal controls in preventing fraud
- Learn key concepts from GAO’s Internal Control Standards
- Identify essential internal control activities

#### Module 4: Fraud Detection

- Understand profiles of typical white-collar criminals
- Recognize red flag indicators of fraud
- Explore common fraud detection techniques
- Learn analytical techniques used in fraud detection

#### Module 5: The Investigative Process

- Identify the roles of auditors, investigators, and prosecutors
- Review the rules of evidence applicable to fraud investigations
- Understand processes for investigative referrals and auditor cooperation

## Pricing

**Tuition:** $1049