CPE course study guides

Study guide for Executive Roadmap to Fraud Prevention

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The study guide is provided to guide you through the course material in a step by step format.

Reading assignments are for Executive Roadmap to Fraud Prevention and Internal Control by Martin T. Biegelman and Joel T. Bartow.

Forward and Preface

Reading Assignment: What's New <<>> Review Question: # 1

The learning objectives for this lesson are to gain an understanding of:

• The authors' backgrounds
• Why the book was written

1) Fraud’s Feeding Frenzy: Overview of Recent Corporate Scandals.

Reading Assignment: What's New <<>> Review Questions: # 2-6

The learning objectives for this lesson are to gain an understanding of:

• What is a "feeding frenzy" of corporate fraud
• Recent corporate fraud scandals
• "Chutzpah defense"

2) Fraud Theory and Prevention.

Reading Assignment: <<>> Review Questions: # 7-13

The learning objectives for this lesson are to gain an understanding of:

• What is fraud
• Why people commit fraud
• Can fraud be prevented?
• Understanding the importance of fraud prevention

3) The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes-Oxley.

Reading Assignment: Chapter <<>> Review Questions: # 14-21

The learning objectives for this lesson are to gain an understanding of:

• Recent history of fraud compliance initiatives
• Culture of compliance
• SAS 82
• Sarbanes-Oxley
• Auditor independence
• Civil and criminal penalties

4) The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the Sarbanes-Oxley Influence on Private and Nonprofit Organizations.

Reading Assignment: Chapter <<>> Review Questions: # 22-29

The learning objectives for this lesson are to gain an understanding of:

• SAS 99
• Fraud risk
• The "Thompson Memo"
• NYSE and NASDAQ listing requirements
• Gatekeepers
• Other compliance enhancements

5) Internal Controls and Antifraud Programs.

Reading Assignment: Chapter <<>> Review Questions: # 30-40

The learning objectives for this lesson are to gain an understanding of:

• Role of the compliance officer
• Creating a culture of honesty
• Evaluating antifraud processes and controls
• Developing an oversight process
• ACFE fraud prevention check-up
• Fraud risk assessment process

6) Financial Statement Fraud.

Reading Assignment: Chapter <<>> Review Questions: # 41-48

The learning objectives for this lesson are to gain an understanding of:

• Why do they take the risk?
• The perception of detection
• Is Sarbanes-Oxley working?
• Red flags of financial statement fraud

7) Internal Fraud: Protecting a Company.

Reading Assignment: Chapter <<>>Review Question: # 49-54

The learning objectives for this lesson are to gain an understanding of:

• Fraudulent disbursements and asset misappropriation
• False billing schemes
• Payroll schemes
• Bribes and kickbacks
• Security

8) Views from Both Sides of the Fence: Interviews with a Fraudster and a Fraud Investigator.

Reading Assignment: Chapter <<>> Review Question: # 55-61

The learning objectives for this lesson are to gain an understanding of:

• Perspective of a fraudster
• Perspective of a fraud investigator

9) External Fraud Schemes: The Rest of the Fraud Story.

Reading Assignment: Chapter <<>>Review Questions: # 62-68

The learning objectives for this lesson are to gain an understanding of:

• Classic fraud schemes
• Credit card fraud
• Online fraud

10) Information Security and Fraud.

Reading Assignment: <<>>Review Questions: # 69-73

The learning objectives for this lesson are to gain an understanding of:

• Information security
• Passwords
• The technology/policy gap

11) Designing a Robust Fraud Prevention Program at Your Company.

Reading Assignment: <<>>Review Questions: # 74-76

The learning objectives for this lesson are to gain an understanding of:

• Technology solutions
• Base a fraud prevention program in internal audit
• Role of human resources
• Recovery of defrauded assets from fraudsters

12) Whistle-Blowers and Hotlines.

Reading Assignment: <<>>Review Questions: # 77-83

The learning objectives for this lesson are to gain an understanding of:

• Sarbanes-Oxley whistle-blower requirements and protections
• Whistle-blower relief
• Hotlines-how to build it right
• Use of third-party vendors
• The Federal False Claims Act

13) Time to Do Background Checks.

Reading Assignment: <<>>Review Questions: # 84-86

The learning objectives for this lesson are to gain an understanding of:

• Finding criminal records
• Are background checks worth the cost?
• Role of HR in background checks

14) Training, Training, and More Training.

Reading Assignment: <<>>Review Questions: # 87-90

The learning objectives for this lesson are to gain an understanding of:

• Building fraud awareness
• New employee orientation
• Training different department personnel
• Audit staff training
• Data mining

15) Fraud Risk outside the United States.

Reading Assignment: <<>>Review Questions: # 91-93

The learning objectives for this lesson are to gain an understanding of:

• Offshoring
• The US Foreign Corrupt Practices Act
• Bribery red flags

16) The Feds Are Watching: What to Know and Do Now.

Reading Assignment: <<>>Review Questions: # 94-96

The learning objectives for this lesson are to gain an understanding of:

• The corporate fraud task force
• FBI strategic plan for combating corporate crime
• What to do if the Feds show up at the door

17) Beyond Compliance: A Fraud Prevention Culture That Works.

Reading Assignment: <<>>Review Questions: # 97-100

The learning objectives for this lesson are to gain an understanding of:

Zero tolerance for fraud and what it means to the organization