Principles of Fraud Examination




CPE Credit: 28
Course Level: Basic
Prerequisite: None

Build a solid foundation in fraud prevention, detection and deterrence with Principles of Fraud Examination, the most comprehensive course on the subject. Explore the four basic areas of fraud examination: Financial Transactions & Fraud Schemes, Law, Investigation and Fraud Prevention & Deterrence. This course is taught by leading practitioners who will provide best-practices guidance and expert insight on dealing with the professional challenges you encounter daily.

For 3½ days, immerse yourself in anti-fraud training while interacting with colleagues and peers. The course includes lectures, group discussions and video presentations. In addition to anti-fraud training, this event provides many opportunities to network with your peers, as well as with ACFE staff and faculty members, at group lunches and social functions.


Upcoming Courses  

Austin, TX | December 5-8, 2016

Austin, TX | December 4-7, 2017


You Will Learn How To:  

Interpret the causes of frauds and how to prevent and deter future frauds by detecting red flags 

Conduct all steps of a fraud investigation from planning the investigation and interviewing prospective witnesses to report writing 

Detect fraudulent financial transactions and conduct fraud risk assessments 

Identify occupational fraud schemes and external threats of fraud 

Analyze and manage financial information and recognize financial statement fraud 

Examine the legal issues that affect fraud examinations including rules of evidence, key legal rights and privacy issues and testifying 


Who Should Attend:  

Business professionals, educators and students interested in the anti-fraud field 

Experienced fraud examiners seeking to complement their practical experience with the knowledge of leading anti-fraud experts 

Individuals who are considering starting a practice focused on fraud deterrence and detection 

Anti-fraud professionals interested in becoming Certified Fraud Examiners


While attendees are in Austin, the ACFE will host an Open House reception at its headquarters, providing attendees a unique opportunity to experience the Fraud Museum exhibit, located in the offices of the Geis Building. Established by ACFE founder and Chairman Dr. Joseph T. Wells, CFE, CPA, the Fraud Museum tells the story of fraud’s intriguing past with an extensive and eclectic collection of historical fraud pieces.

The ACFE Open House also welcomes attendees to the Gregor Building, a historic, 1920s-era home that houses the ACFE’s executive and administrative staff. Attendees can tour the building and meet ACFE staff members as they visit the home of the world’s premier anti-fraud association. 

Ethics Icon  This course satisfies the ACFE’s requirement of two Ethics CPE hours per year. To read more about the Ethics CPE requirement for CFEs, please visit


Members: $1195
Non-Members: $1395

CPE Credit 


CPE Credit by Field of Study 

 Field of Study  CPE Credit 
 Behavioral Ethics




 Business Law


 Communication and Marketing


Information Technology


Specialized Knowledge  





Course Level 


Advanced Preparation 


Delivery Method 


  Day One  
7:30-8:00 a.m.   Registration & Continental Breakfast   
8:00-9:20 a.m. 

Investigation Planning the Investigation 

The steps to a successful fraud investigation, including the skills to complete the process and complete the investigation, are important to the end result: prosecution and restitution. This session will cover the discovery process (document collection and examination), the confirmation process and the admission-seeking interview of the suspect.

9:20-9:35 a.m.  Break 
9:35-10:55 a.m. 

Financial Transactions Asset Misappropriation Schemes 

To resolve allegations of fraud, you must understand what schemes are used to defraud organizations. This session shows you how to recognize common asset misappropriation schemes, such as skimming, fraudulent expense reimbursements, accounts receivable manipulation and inventory theft.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Legal Elements Legal Elements of Fraud 

This session will explore the basic legal concepts of fraud examination. We will examine the legal definition of fraud, as well as several criminal and civil statutes that may affect your work.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Financial Transactions Financial Statement Fraud 

According to the ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse, financial statement fraud causes the largest losses of all types of occupational fraud, with a median loss of $975,000 per case.This session will discuss the schemes and red flags associated with financial statement fraud, as well as the appropriate analytical tools and techniques to detect it.  

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Legal Elements Rules of Evidence 

Regardless of what information you discover, you must be familiar with the rules of evidence to know if your findings will be admitted in court. You will examine several evidentiary principles and identify how each relates to fraud examination.



  Day Two 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

Investigation — Data and Intellectual Property 

In the information age, data and intellectual property play a vital role in fraud examinations. As seen in countless news headlines, organizations’ data is vulnerable to attack; it can be stolen by thieves or lost as a result of poor security procedures. Additionally, since virtually all information is stored in electronic format, understanding how to preserve and retrieve this information is essential to the fraud examiner. This session will provide you an overview of how to protect electronic information from data thieves as well as how to secure and gather digital evidence to make your case.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

Financial Transactions Contract and Procurement Fraud 

The purchasing and procurement functions in most organizations represent an area at high risk for fraud. This session will explore how vendors can collude with each other and with company employees to defraud a purchasing organization. Overbilling schemes and common corruption schemes, including kickbacks and conflicts of interest, will also be discussed.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Legal Elements Legal Issues 

A fraud examiner must know the legal ramifications of conducting an investigation. This session will include an overview of the rights and duties of an employer and an employee, as well as civil litigation that may arise from improper actions. Privacy issues will also be reviewed.

12:30-1:30 p.m.  Lunch on Own  
1:30-2:50 p.m. 

Financial Transactions Analyzing and Managing Financial Information 

New tools and techniques for analyzing data, especially on a large scale, are being developed all the time. In this session, get an overview of some software analytical tools to detect illicit transactions. In addition, software to help prepare and organize cases will be reviewed.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Investigation — Interviewing Prospective Witnesses  

You cannot prepare enough for your interviews. Here you will see how the various environmental and psychological factors can enter into the simplest of interviews and also learn that developing the right questions in the right sequence can produce very beneficial results.



  Day Three 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

Fraud Prevention and Deterrence Causes of Fraud 

A key element in fraud is the understanding of human behavior – why some people turn to crime and fraud while others don't. During this session, you will study several types of behavioral, psychological and social theories of why fraud occurs.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

Fraud Prevention — Prevention of Fraud 

Do you know the difference between prevention and deterrence? What actually stops fraud from occurring? Understand some of the psychological and sociological elements in both prevention and deterrence.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Financial Transactions — Fraud Risk Assessment  

An important part of fraud prevention is proactively looking for vulnerabilities within an organization. This session will provide you with ideas and tools to conduct a basic fraud risk assessment for your clients or employers.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Investigation — Investigating on the Internet  

With the proliferation of information, documents, and records now available on the Web, fraud examiners must be aware of the best sources and techniques used to find online clues. This session will explore numerous Internet resources available to the fraud examiner.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Investigation Evaluating Deception 

The psychology of deception is very complex and often manifests itself through verbal and non-verbal cues. Learn why observation is critical during the entire investigation but more so during the interviewing process.



  Day Four 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

Investigation Admission-Seeking Interviews 

Now, you are ready to complete your investigation. You have all your evidence and are ready to interview the primary suspect and obtain an admission of guilt during the interview. Sound simple? Once again, preparation, legal elements and physical evidence all are key to this interview's success or failure.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

Investigation Signed Statements/Report Writing 

At the conclusion of your investigation, a detailed report is almost always required. A fraud examination report varies considerably from the traditional audit report and knowing the difference is critical. You must assume your report will be seen by insiders and outsiders, and you may even be asked to testify about it in court. In this final session, you will learn what to write as well as what to never to put on paper. Developing these communication skills is one of the most important things a fraud examiner can do.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Legal Elements Testifying 

All fraud examinations must begin with the assumption that your case will go to trial. Learn the principles associated with direct and cross examination, as well as the "Ten Commandments" of testifying.

Event Cancellation Policy 

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.


Satisfaction Guarantee 

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at or call (800) 245-3321 / +1 (512) 478-9000.


NASBA CPEThe 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:


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