Fraud Prevention/Detection/Reporting

Fraud Update: The Impact of Fraud and Actions to Address Fraud (Updated)

Course Overview:
As fraud has evolved over the years the controls and procedures to prevent and detect fraud have also evolved. This course will consider the significant impact of fraud and the measures that have occurred to address fraud, particularly white-collar crime. The U.S. government response to events and situations involving fraudulent activity will be looked at, along with the consequences for committing fraud. The effectiveness of an organization's internal control system plays an important role regarding fraud, and an overview of the recently updated COSO's Internal Control - Integrated Framework is provided. Examples of fraud risks will be reviewed, along with steps that can be implemented as part of an anti-fraud program.

Learning Objectives:

After completing this course, participants should be able to:
  • Recognize the impact of fraud.
  • Identify government actions taken to address fraud.
  • Identify the components of internal control.
  • Recognize the fraud risk assessment process.
  • Recognize fraud risk factors.
  • Identify controls that address the risk of fraud.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
    of its professional markets.

    Prerequisites/Advanced Preparation:


    Speaker / Author:

    Colleen Neuharth McClain
    Colleen Neuharth McClain is a certified public accountant (CPA) practicing in the fields of financial accounting and controllership as a sole proprietor. She is a graduate of the University of Texas and has served for more than 15 years as a financial controller for various organizations; small and large, public and private, domestic and international. She is now sharing her knowledge and experiences with other accountants through writing continuing education material and exam questions.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS


    Price (USD)

    Standard Rate: $24.95


    Course Code : 99NEU02-tx-v2

    Release Date : 07/13/2018
    Expire Date : 07/13/2020
    Credits :
    CPE 1.00
    QAS 1.00

    Course Level : Basic
    Course Type : Self-Study
    Length : 50min
    Passing Grade : 70%
    Field Of Study : Accounting
    Theme : Fraud Prevention/Detection/Reporting

    Format Type : eLearning
    Mobile Compatible

    Returning Subscribers

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