Detection and Prevention of Fraud Course

Module 1: Understanding Fraud

• Define fraud versus waste and abuse
• Understand the five elements of fraud
• Recognize major fraud schemes
• Identify tools auditors use to prevent and detect fraud
• Review key criminal and civil statutes related to fraud

Module 2: Audit Guidelines and Standards

• Understand various audit types according to auditing standards
• Cite auditor responsibilities regarding fraud detection
• Learn how to design audits that identify potential fraud

Module 3: Fraud Prevention

• Examine the role of internal controls in preventing fraud
• Learn key concepts from GAO’s Internal Control Standards
• Identify essential internal control activities

Module 4: Fraud Detection

• Understand profiles of typical white-collar criminals
• Recognize red flag indicators of fraud
• Explore common fraud detection techniques
• Learn analytical techniques used in fraud detection

Module 5: The Investigative Process

• Identify the roles of auditors, investigators, and prosecutors
• Review the rules of evidence applicable to fraud investigations
• Understand processes for investigative referrals and auditor cooperation