This course has two lessons, fraud overview, and anti-fraud strategies.
By the end of this course, the learner should be able to:
1. Define fraud
2. Describe the fraud triangle
3. Recognize red flags for fraud
4. Explain fraud mitigation controls
5. Detect fraud through audit procedures
This lesson is the first one in this course. The lesson will give an overview of the facets of fraud in the corporate setting. You will learn the conditions under which fraud takes place and the consequences of the act. By the end of this lesson, the learner should be able to define fraud, describe the fraud triangle, and recognize red flags for fraud.
The second lesson will focus on key strategies employed to prevent and detect fraud. Fraud deterrence mechanisms will also be presented. By the end of this lesson, the learner should be able to explain fraud mitigation controls and detect fraud through audit procedures.