Introduction and the Federal Sentencing Guidelines
This course focuses on fraud-related compliance programs. New laws and regulations governing businesses require additional targeted compliance efforts. In addition, learn about the cost of fraud and how compliance programs will likely save businesses much of their revenue. The Federal Sentencing Guidelines are also covered in this section as well as the seven elements of an effective compliance and ethics program.
Areas of Compliance (Part 1)
In this session, you will learn about government regulations created to regulate businesses. You will cover the Foreign Corrupt Practices Act (FCPA) and the two principal components of the act, the anti-bribery provisions and the accounting provisions. Discuss the Sarbanes-Oxley Act of 2002 (SOX), introduced to increase corporate responsibility, The Public Company Accounting Oversight Board (PCAOB), created to oversee the auditors of public companies, and the Dodd-Frank Act, which enacted sweeping reform to the financial services industry.
Areas of Compliance (Part 2)
This session is a continuation of the previous session, going into further detail about compliance regulations. There are industry-specific laws and regulations which deal with unique compliance issues. The Bank Secrecy Act and the PATRIOT Act set laws and regulations designed to combat money laundering and prevent financial institution fraud. This session will also cover health care and international laws and regulations.
Investigation and Response
In this session, you will learn how to determine when an investigation is necessary, plan the investigation, establish an investigative team and approach, and conduct the investigation. It is also necessary to learn how to report your findings to management as well as present the case to government or law enforcement.
Fraud Prevention Programs
Establishing fraud prevention programs early not only works to prevent fraud, but also avoids the impact of enforcement actions if they arise. This session will teach you how to build a solid fraud prevention program that establishes tone at the top and ethical policies and procedures. You will also learn how to build a fraud risk assessment team and conduct fraud risk assessments within your organization.