Download Fraud and Corruption Schemes Notes
CFFE Module 1 Notes Pdf
UNIT DESCRIPTION
This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to identify schemes and categories of fraud, the red flags and the preventive and detective measures and procedures related to the various fraud schemes.
LEARNING OUTCOMES
A candidate who passes this paper should be able to:
- Identify fraud schemes in fraudulent and corrupt activities
- Identify the red flags related to the specific fraud schemes
- Design and implement preventive and detective controls
- Identify the universal and specific risks related to the schemes
- Identify organisational and occupational fraud/corruption
CONTENTS:
Fraud/Corruption Schemes
- Definition of fraud
- Definition of corruption
- Occupational fraud
- Organisation fraud/crime
- The fraud tree
- The red flags/indicators of fraud
- Current trends of fraud schemes
- Emerging fraud /corruption schemes
Financial Statement Fraud
- Definition of Financial Statement Fraud
- Why Financial Statement fraud is committed
- The cost of financial statement fraud
- Types of financial statement fraud schemes
- Trends in Financial Statement fraud
- Red flags associated with financial statement fraud
- Techniques of Detecting financial statement fraud
- Financial statement analysis
- Controls related to financial statement fraud
Download Fraud and Corruption Schemes Notes
Asset Misappropriation
- Definition of asset misappropriation
- Types of asset misappropriation frauds
- Cash receipts: Skimming, cash larceny and theft of cash on hand
- Fraudulent disbursements: Register disbursement schemes, check tampering schemes, electronic payment tampering schemes, billing schemes, payroll and expense reimbursement schemes
- Inventory and other assets: Misuse of inventory and theft
- Misappropriation of intangible assets
- Prevention of asset misappropriation schemes
Bribery and Corruption
- Definition of bribery and corruption
- Corruption schemes
- Techniques of detecting bribery /corruption schemes
- Methods of making corrupt payments
- Prevention and detection of corruption
Theft of Data and Intellectual Property
- Definition of theft of data and intellectual property
- Types of data and intellectual property
- Ways information is lost or stolen
- Electronic counter-surveillance
- Insider threats to propriety information
- Methods of investigating corporate espionage
- Programs for safeguarding proprietary information
- Measures and procedures of minimizing theft of data and intellectual property
Identity Theft
- Definition of identity theft
- Perpetrators of identity theft
- Characteristics of victims of theft
- Methods of committing identity theft
- Types of identity theft schemes
- Ways of stealing information
- Responding to identity theft
- Methods of preventing identity theft
Download Fraud and Corruption Schemes Notes
Contract and Procurement Fraud
- Definition of contract and procurement fraud
- Methods of procurement
- Stages/phases in procurement process
- Categories of procurement fraud schemes
- Preventing and detection of contract and procurement fraud
Computer and Internet Fraud/Cyber Crime
- Definition of computer and internet fraud
- Definition of Cyber Crime
- Types of computer and internet/Cyber fraud:
- Electronic Commerce and information Security
- Prevention, detection of computer and internet/Cyber Crime
- Computer/Cyber Security
Financial Institution Fraud
- Definition of financial Institution fraud
- Types of financial institution frauds
- Prevention and detection of financial institution frauds:
- Financial Action Task Force and money laundering and Terrorist
- Basel committee on banking supervision recommendations
Payment System Fraud Schemes
- Definition of payment system fraud
- Types of payment system and the fraud schemes
- Prevention and detection of payment system fraud scheme
Insurance and Health Fraud
- Definition of insurance fraud
- Insurance fraud schemes
- Prevention and detection of insurance fraud
- Definition of Health care fraud
- Health care fraud schemes
Consumer Fraud
- Investment fraud schemes
- Telemarketing fraud schemes
Case Study – Occupational and Organisational Crimes
- Identify the asset misappropriation and corruption schemes
- Identify the health care fraud schemes
- Identify the red flags
