One of the findings from the survey by Certified Fraud Examiners (CFEs) based on the investigation of fraud cases between January 2016 and December 2017 included that organizations around the world would lose an estimated 5% of their annual revenues to fraud. An act of fraud typically involves not only the commission of the scheme itself but also efforts to conceal the misdeeds. Understanding the methods fraudsters use to cover their crimes can help organizations better design prevention mechanisms and detect the warning signs of fraud.

The course Fraud Part VIII includes detailed case studies and prevention techniques for each fraud area of Asset Misappropriation described in the fraud triangle: Theft of Cash on Hand, Theft of Cash Receipts, Billing Schemes, Payroll Schemes, Expense Reimbursement Schemes, Check Tampering, Register Disbursements, Misuse, and Larceny.

This interactive training course will ensure professionals and practitioners at all levels understand their roles and responsibilities, new developments, resources, and hallmarks of an effective compliance program. The course includes knowledge questions as users progress through the training and the final assessment test.