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Illumio componentsofcorrumption

FRAUD: COMPONENTS OF CORRUPTION

CPE Processing Fee$18.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.5 hours
CPE Credits 1.5 hours
Subject Area 1.5 - Specialized Knowledge
CE Credits 0.0 hours
Course LevelIntermediate
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMay 17, 2017
Date OfferedMarch 19, 2018
Expiration DateMarch 19, 2019
Course Description

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.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • 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.

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Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.

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