The Association of Certified Fraud Examiners (ACFE) has introduced the concept of a fraud tree. The tree delineates three major categories of fraud as:
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:
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. |
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.
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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