Asset & Disbursement Frauds
RVACFES 65 – The Forensic Accountant – Investigating Asset & Disbursement Frauds – 2 CPE – To purchase this lecture add it to your Cart and follow the on-screen instructions …
Asset and disbursement frauds are among the most common frauds confronted in actual practice by the fraud examiner and forensic accountant. Indeed, the most commonly occurring fraud within corporations is asset misappropriation. According to the Association of Certified Fraud Examiners, more than 91% of all internal fraud schemes involve some form of asset misappropriation, with a median associated loss of $150,000 per successful exploit. Asset misappropriations include the misuse or theft of assets belonging to a company and may be perpetrated by employees at all employment levels, by customers, and by vendors.
These are the white collar crimes the public thinks about most, probably because they occur so frequently and get so much press attention. As such, every fraud examiner needs a detailed knowledge of the red flags associated with them.
This lecture examines the investigative and control process involved in asset and disbursement frauds in depth with a focus on shaping a control structure that prevents as well as detects such schemes should they occur.
100 minutes of self study plus 10 minutes to answer 10 questions for a total of 110 minutes.
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