Psychology of Fraud

FraudInternal Audit

Overview

This course covers proven techniques based on understanding the psychology of fraud to help prevent and mitigate fraud within core business systems. After defining fraud and establishing the universal scope of the problem fraud presents to organizations worldwide, it examines the psychology and motivations of fraudsters to help understand and develop strategies for prevention and detection. By understanding the psychology of fraud, we will be better able to design fraud prevention, detection, deterrence controls, analysis, and investigations. This course also includes proven fraud prevention and detection techniques based on an understanding of the psychological factors related to fraud. Armed with a thorough understanding of how psychology impacts behaviors, participants will be better prepared with the knowledge needed to create a more effective anti-fraud environment.

Why you should take this course

For users who are new to internal auditing, or would like to learn more about it.

Here are the topics we'll cover.

  1. Overview and Introduction

    • Defining Fraud and its Scope
    • Fraud Prevention and Detection: Whose Job is it?
    • Management’s Perspective and Psychology
  2. Why do People Commit Fraud?

    • Who Commits Fraud?
    • Fraud Triangle
    • Accidental Fraudster vs. The Predator
    • Other Fraud Theories
    • Case Studies
  3. Fraud Prevention

    • How can we Use This in our Prevention Efforts?
    • Hiring/Evaluating
    • Tone at the Top
    • Organizational Culture
  4. Fraud Detection

    • Symptoms and Red Flags of Fraud
    • Internal Control Weaknesses and Anomalies
    • Behavioral and Lifestyle Symptoms
    • Recruiting Fraud Fighters/Fraud Awareness Training
  5. Psychology of the Aftermath

  6. Key Takeaways

Learning Style

Instructor Led

Level

Entry Level

Who this course is for

Internal Auditors, Business Managers, and employees.

NASBA Certified CPE

6 credits

Field of Study

Auditing

Length of course

6h

Prerequisites

None

Advanced Preparation

None
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Here are the learning objectives we'll cover

  • Define fraud and different fraud theories.
  • Analyze and apply fraud theories to diverse situations.
  • Interpret behaviors to determine what psychological factors might contribute to fraudulent behavior.
  • Explain how an understanding of the psychology of fraud leads to specific strategies for the prevention and detection of fraud.

Attendance policy for on-site and online instructor-led training

Students are expected to arrive on time for classes with the proper materials and attitude. An overall attendance rate of 100% is expected to fully absorb the materials and to complete labs. If you have an expected absence, please email support@acilearning.com or your instructor ahead of time. The number of CPEs awarded will be equivalent to the number of hours attended.

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/