Corporate Fraud Regulations & Control

Learn the key aspects about corporate fraud regulations and also understand how ratios can be used in fraud control

What you'll learn

The Fraud Triangle

Examples of Corporate Fraud

COSO Framework

Fraud Prevention Controls

Fraud Detection Controls

Requirements

Basic terminologies associated with banks

Description

Through this tutorial we are going to learn the key aspects about corporate fraud regulations and also understand how ratios can be used in fraud control.The training will include the following;IntroductionThe Fraud TriangleExamples of Corporate FraudRegulationsSOX ActCOSO FrameworkFraud Prevention ControlsFraud Detection ControlsFraud can happen in a business of any size, but small businesses are often targets of fraud. According to the American Institute of Certified Public Accountants, small and midsize companies suffer more losses due to fraud than their larger counterparts. Experts estimate that companies lose 5% to 6% of their annual revenue to fraud, so every company should have a comprehensive fraud prevention program. A fraud prevention program is not difficult to implement. It simply consists of education, investigation, and proactive prevention policies. Since employees are the most likely to report issues or any fraudulent activities, you certainly want to give them both the knowledge and the tools to help your company weed out any instances that may be taking place. And while fraud prevention efforts are designed to stop employee fraud, note that any investigations of suspected instances of fraud or employee theft may also act as a deterrent to other employees who may be either committing or contemplating fraud. The bulk of your company's fraud prevention efforts should be focused on the creation and implementation of proactive preventive techniques. This includes establishing internal controls and putting into place policies and procedures that are specifically designed to prevent fraud. One of the best ways to develop prevention policies may include utilizing an experienced anti-fraud professional. Make sure to find one who is experienced and has investigated numerous instances in order to help you to develop the most relevant and most effective anti-fraud controls.

Overview

Section 1: Introduction

Lecture 1 Introduction to Fraud Control

Section 2: Fraud Triangle and Examples of Frauds

Lecture 2 The Fraud Triangle

Lecture 3 Examples of Frauds

Lecture 4 Examples of Frauds Continues

Section 3: Regulations and Prevention Controls

Lecture 5 Regulations of Fraud Control

Lecture 6 Fraud Prevention Controls

Lecture 7 More on Fraud Prevention Controls

Section 4: Detection Controls

Lecture 8 Fraud Detection Control

Lecture 9 Example of Fraud Detection Control

Section 5: Financial Statement Analysis

Lecture 10 Financial Statement Analysis in Fraud Control

Lecture 11 Financial Statement Analysis in Fraud Control Continues

Section 6: Ratio Analysis

Lecture 12 Types of Ratio Analysis in Fraud Control

Lecture 13 more on Ratio Analysis

Section 7: Forensics and Fraud Response

Lecture 14 Forensics in Fraud Detection Control

Lecture 15 Fraud Response

Section 8: Conclusion

Lecture 16 Conclusion of Fraud Controls

Bankers, Accountants, Stakeholders of a company, Anyone who wants to learn about fraud control