Fraud: Focus on Corruption
Learn about the connection between corruption and fraud, types of financial corruption, and the ACFE fraud tree. Mitigate fraud with this course.
What you’ll learn
- Explore the definition of corruption and its connection to fraud.
- Explore types of financial corruption, causes and specific business sectors involved.
- Explore the Association of Certified Fraud Examiners (ACFE) fraud tree that includes corruption.
- Explore the concepts of conflict of interest (COI), bribery, illegal gratuities, and economic extortion.
The Association of Certified Fraud Examiners (ACFE) has introduced the concept of a fraud tree. The tree delineates three major categories of fraud as:
Corruption
Asset Misappropriation
Financial Statement Fraud
This course evaluates the concepts that fall within the corruption segment of the fraud tree. We examine the various components of corruption and solutions that can be used to mitigate corruption impacts. In doing so, we evaluate the types of corrupt activity that may lend itself to financial fraud.
In addition, we evaluate the sub-components of the corruption leg of the fraud tree. They include:
Bribery
Conflict of Interest
Illegal Gratuities
Economic Extortion
To identify how fraud can be mitigated, individuals must understand the types of fraud that are most prevalent to their business.
This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
Who this course is for:
- Anyone interested in Finance, Accounting, Risk Management or related fields.
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