Fraud is not committed by accounting systems or computers. It is carried out by living, breathing human beings who outwardly seem no different from you and me. Occupational frauds—schemes in which an individual uses his occupation for personal enrichment through the deliberate misuse of his employing organization’s resources—are all too common; nearly every company has been a victim or will be in the future.
Case Studies in Occupational Fraud highlights two case studies featured in the ACFE’s Fraud Casebook: Lessons from the Bad Side of Business. Each case presents important background information about the fraud case, walks you through the investigation and presents lessons learned and recommendations to prevent a future occurrence. Both cases are supplemented by video commentary from the case study authors.
Case I: Her Passion for Fashion
The first case study presented involves a fraud Bethmara Kessler, CFE, CISA, investigated for a fashion retailer called Mod Fashions, Inc. As told from Ms. Kessler’s perspective, this case study provides an expert’s perspective of the fraud and highlights the skills necessary to understand, detect and prevent such schemes.
Case II: They Didn’t Know Jack
The second case study discussed involves a fraud that Janet M. McHard, CFE, CPA, CFD, encountered at Garden Grove, a retailer specializing in dry-weather plants. As told from Ms. McHard’s perspective, this case study provides an insider’s look at fraud in the hope that other organizations can avert some of the mistakes made by the victim company.
What you will learn:
Common occupational fraud schemes, including false expense reports and false billing schemes
How frauds are perpetrated and how they impact their victims
Valuable lessons from real fraud examinations
Important measures to take prevent the same schemes from happening to you or your clients
Field of study: Specialized Knowledge and Applications
Last updated: July 2012
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Please Note: All self-study course exams must be completed within one year of purchase date to receive CPE credit.
The Association of Certified Fraud Examiners, Inc. 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: www.learningmarket.org
Table of Contents:
Lesson 1: Course Introduction
Lesson 2: Introduction to Case Study I
Lesson 3: The Internal Audit
Lesson 4: The Investigation
Lesson 5: The Fraudulent Five
Lesson 6: Background Information on Bobbi Jean
Lesson 7: Confronting the Fraudulent Five
Lesson 8: Tying the Case Together
Lesson 9: The Outcome
Lesson 10: Her Passion for Fashion
Lesson 11: Lessons Learned
Lesson 12: Recommendations to Prevent Future Occurrences
Lesson 13: Case Study I Review Questions
Lesson 14: Introduction to Case Study II
Lesson 15: Beginning the Fraud Examination
Lesson 16: Background Information on Jack
Lesson 17: May I Quote You on That
Lesson 18: Wired Up
Lesson 19: Just the Facts, Ma'am
Lesson 20: Lessons Learned and Recommendations
Lesson 21: Case Study II Review Questions
Lesson 22: Conclusion
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