Course ID: ACFE24

Highlights from the ACFE 2024 Report to the Nations: Current Frauds and Who’s Perpetrating Them

It’s estimated that organizations lose 5% of their revenues to fraud each year. Information gathered by those involved in investigating discovered fraud is collected by the Association of Certified Fraud Examiners (ACFE) and is published bi-annually. The ACFE report provides key information, including:
• the victim organizations,
• controls that were in place,
• how the fraud was perpetrated,
• how long the fraud was perpetrated,
• how the fraud was discovered,
• the losses incurred, and
• demographics of the fraudsters

This course will present the highlights from the 2024 ACFE Report to the Nations.

Learning Objectives

Upon completing this course, you will be able to:
• Distinguish between the types of occupational frauds,
• Estimate the cost of frauds to organizations,
• Recall the effectiveness of certain controls to prevent fraud, and
• Recall certain perpetrator demographics associated with significant frauds.

Major Topics

• Definitions of occupation fraud types
• Overview of the most reported frauds
• Overview of the cost of frauds
• Effectiveness of certain controls to prevent fraud
• Certain demographics associated with perpetrators of reported frauds

Who Should Attend

This course is intended for those interested in obtaining a basic knowledge of occupational fraud.

Fields of Study

Auditing

Prerequisites

None

CPE Credits

1.0

Level

Basic

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