Fraud Update: Detecting & Preventing the Top Ten Fraud Schemes

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Online registration for this course is now closed. Please contact the Member Service Center at (850) 224-2727 or (800) 342-3197 if you wish to inquire about registering.

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8 Credits

Many costly fraudulent schemes have occurred repeatedly throughout the past several decades.  Why do these material and frequently recurring frauds succeed?  One reason is that business owners, management, auditors, and employees fail to recognize the red flags that have been associated with these financial statement and misappropriation of asset frauds.  Another major reason is that the reporting and transaction processing systems do not have adequate controls to either prevent and/or detect these schemes. 

This course will provide descriptions of how these major frauds are perpetrated (including real-world examples) and the types of cost-effective controls that can be implemented by both small and large businesses and nonprofit entities to identify and prevent these deceptive acts.


When you complete this course you will able to:

  • Identify the risk factors and red flags for each of the top ten fraud schemes
  • Be able to design controls into systems to mitigate these fraud risks
  • Understand the methodology of how these frauds are committed
  • Educate others within his/her organization about common fraud techniques and how to recognize them


Major Topics

  • Major financial statement frauds including, among others, corruption conspiracies regarding sales and other types of revenue, estimates, journal entries, and other accounts
  • Major misappropriation of asset frauds including, among others, skimming, larceny,  and embezzlement involving inventory, payables, and other accounts
  • Ponzi and asset flip schemes
  • Control implementation ideas
  • Risk factors in accordance with the revised authoritative guidance on fraud


Designed For

Business owners, managers, supervisors, employees, accountants and auditors


Experience in accounting and reporting


Please select the appropriate session or option below to continue with your online purchase

Monday, December 8, 2014

General Sessions

FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.