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Rather fail with honor than succeed by fraud.
-Sophocles

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Cover Your A$$ets: Fraud Awareness Training

Employee fraud causes businesses and organizations to lose trillion of dollars each year, yet how often do you come across a management agenda that has fraud prevention on it. In my experience, it is very rare.

It's human nature to want to trust their colleagues, those with whom they spend a third of their daily existance working along side. But more often than you think, some of these people may be taking advantage of the company for their own personal benefit.

As the leader to whom such a responsibility this matter lies, you should at least acknowledge the risk as a starting place. Maybe through the course of these short lessons, you'll begin thinking about it some more and take some action if you haven't already. As a second step, you might share this course with some of your fellow executives to get their thoughts. So let's see what's included:

Lesson 1: Know Thy Enemy's Tactics

Some might argue that I'm just giving potential fraudsters ideas for how to better steal the company's assets in this lesson. I would refute this arguement simply on the basis that they either already know this stuff, or will learn it from somewhere else anyway. So let's put some of the most common schemes right out there in the open so that at least we know what what we are dealing with. In this lesson, we will discuss some of the more common fraud schemes, but don't believe for a second, that I can cover all the possible ways your employees can steal from the company in 10 minutes.



Lesson 2: Understand Thy Enemy

There is a small portion of the population that is just has lower morale standards and this alone drives their need to steal. However, for a much bigger percentage, the act of committing fraud is caused by a common set of underlying factors. If you understand your enemy's motivation better, then you can proactively implement fraud controls to lessen this risk. Fraud experts call this paradigm the fraud triangle.

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.



Lesson 3: Thwart Thy Enemy

Time now to do something about all this nasty fraud risk. Ideally you want to establish controls that prevent fraud from happening in the first place. But you also need to think about detection controls as well. Educate yourself and your employees.

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.







Lesson 4: Lies, Damn Lies, and Statistics

Let's check in on the cases under investigation from around the world to get better understanding of how big our fraud problem really is.

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

Lesson 5: Prevention and Detection Statistics

You know the techniques, but do you want to know which ones work and which ones don't?

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

Lesson 6: Who Commits Fraud

This lesson puts a face to fraud. Is it that wierd guy at the water cooler all the time? Or is it Bob, the flamboyant sales guy?

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

Lesson 7: Prosecuting Fraud

So you've be victimized by one of your trust employees. Ugh. Sorry about that. But what should you do next? Call the police? Let's see what others are doing that find themselves in the same unfortunate situation.

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

Lesson 8: The Best Advice

Let's put a bow on this whole discussion by asking the experts what are the key things you should be thinking about as you develop an anti-fraud program.

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

STOP!
Do you need verfication of completion of this course for your professional development requirements?

To get CPD or CPE for this course and view this next lesson, go to Proformative.com.

Course Objectives

After taking this course you should be able to:

1. Describe the most common types of employee fraud.

2. Discuss employee motivation and opportunity to commit fraud.

3. Initiate a fraud prevention and detection program.

Proformative Certified Instructor

Course Duration

This is a 1 hour course.  You can't afford not to take this one.

Other Resource Materials

ACFE website
The Association of Certified Fraud Examiners is the world's lardgest anti-fraud organization. All sorts of additional educational resources here.

 

2014 Report to Nations
Highly recommended reading! The stats tell an ominous story.