Accounting Principles and Fraud
Define fraud as it relates to financial statements.
Identify the main groups of people who commit
financial statement fraud.
List the primary reasons people commit financial
Define corruption (act with intent to give advantage
inconsistent with official duty or rights of others)
Identify the four categories of corruption.
Compare and contrast bribery, extortion,
Expense Reimbursement Schemes
Explain what constitutes expense reimbursement fraud.
Discuss the data on expense reimbursement fraud from the
2011 Global Fraud Survey.
Understand how mischaracterized expense reimbursement
List the five categories of tangible non-cash misappropriations
discussed in this chapter.
Discuss the data on non-cash misappropriations from the 2011
Global Fraud Survey.
Explain how misuse of non-cash
Register Disbursement Schemes
Explain what constitutes a register disbursement
Differentiate register disbursements from
skimming and cash larceny schemes.
List the two basic categories of register
Define cash larceny.
Understand how cash receipts schemes differ from
Recognize the difference between cash larceny and
Understand the relative frequency and cost of cash
List and understand the three main categories of payroll
Understand the relative cost and frequency of payroll
Define a ghost employee.
List and understand the four steps to making a ghost
Define check tampering.
Understand the five principal categories of check tampering.
Detail the means by which employees fraudulently obtain
Understand how forged signatures are created o
List the five major categories of fraudulent disbursements.
Define the term billing schemes.
List the three categories of billing schemes.
Understand what a shell company is and how it is formed.
List and un
List and understand the two principal categories of skimming
Understand how sales skimming is committed and concealed.
Understand schemes involving understated sales.
Understand how ca
Occupational Fraud and Abuse:
The Big Picture
Understand and describe abusive conduct.
Determine why attempting to achieve perfection in
the workplace is not desirable.
Explain the obstacles to accurately measuring the
Introduction to Fraud Examination
Define fraud examination and differentiate it from auditing.
Understand the fraud theory approach.
Define occupational fraud.
Know the difference between fraud and
Conducting Investigations and
Understand the circumstances that may
necessitate an internal investigation.
Identify who should be part of a fraud
Be familiar with sever
List the five types of interview questions.
Understand how to ask introductory
Explain how to construct informational
Understand the differences between open,
closed, and le
Fraud Risk Assessment
Describe the factors that influence an organizations
vulnerability to fraud.
Explain the difference between preventive and detective
Understand the objective of a fraud risk assessment.
External Fraud Schemes
List the three sources of external fraud
Explain why organizations are vulnerable to
Discuss the types of fraud threats posed by
Identify two types of check fraud schem
Financial Statement Fraud Schemes
Define financial statement fraud and related schemes.
Understand and identify the five classifications of financial
Explain how fictitious revenues schemes are committe