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Product ID: 405582EAU
 

How to Detect Fraud

OnDemand Webinar (91 minutes)

Increase your knowledge surrounding the types of fraud, methods of detection and what to do when you suspect fraud.Fraud is not a risk that only large regulated companies need to worry about. Fraud touches every size company, in every industry from Main Street to Wall Street. An internal control environment that prevents all fraud has yet to be invented and, until such a system is devised, early detection remains one of the best ways of minimizing the cost of fraud. This topic will help you increase your knowledge surrounding the types of fraud, methods of detection and what to do when you suspect fraud.

Authors

David Sumner, CPA, CFF, EisnerAmper LLP Austin Tellam, CFE, CIA, EisnerAmper LLP

Agenda

Background of Fraud

• Fraud Triangle

- Pressure

- Rationalization

- Opportunity

• Types of Fraud

• Characteristics of a Fraudster

Detecting Financial Fraud

• Objectives of Financial Fraud

• Vulnerable Accounts

• Signs of Financial Fraud

Detecting Asset Misappropriation

• Objectives of Asset Misappropriation

• Vulnerable Accounts

• Signs of Asset Misappropriation

Detecting Corruption

• Objectives of Corruption

• Vulnerable Accounts

• Signs of Corruption

Best Practices When You Suspect Fraud

• Ignore at Your Own Peril

• Consult With Independent Parties to Help Assess

• Engage Experts/Counsel

• Understand Your Insurance Coverage

• Learn From the Experience

Bonus Topic

• Best Behaviors and Controls to Reduce the Risk of Fraud