Internal Controls for Fraud Prevention (Online Self-Study)

CPE Credit: 4 
Course Level: Basic
Prerequisite: None


Internal controls form a complex system that involves the collaboration of the board of directors, the audit committee, internal and external auditors, risk management personnel, investigators, operations personnel and others. In this course, you will learn about the key roles in preventive controls and essential components of internal control, inherent limitations of internal controls and much more. 


Key Takeaways:  

  • Preventive controls that can be applied to specific fraud schemes 
  • How to interpret the various elements of the COSO Internal Control Framework 
  • Strategies for identifying preventive controls for your organization 
  • The limitations of internal controls  

Preview Course

ACFE Ordering and Return Policy

CPE Information:

You Will Learn How To: 

  • Ascertain why preventive controls are critical 
  • Identify fraud risk and the types of controls needed to mitigate fraud risk 
  • Recall the structure of the COSO Internal Control Framework and interpret its various elements 
  • Recognize specific fraud schemes and determine which preventive controls can be applied to prevent each scheme 
  • Identify preventive controls for an organization as a whole 
  • Recognize limitations to an internal control environment 





Table of Contents:

  • Lesson 1: Why Preventive Controls Are Critical
  • Lesson 2: Fraud Risk and Effects on the Control Environment
  • Lesson 3: Types of Controls
  • Lesson 4: Preventive Controls for Information Technology
  • Lesson 5: Key Roles and Responsibilities of Internal Control
  • Lesson 6: Internal Control Model
  • Lesson 7: Legal Requirements for Anti-Fraud Controls
  • Lesson 8: Major Categories of Fraud Schemes
  • Lesson 9: Financial Statement Fraud Schemes and Preventive Controls
  • Lesson 10: Asset Misappropriation Fraud Schemes and Preventive Controls
  • Lesson 11: Corruption Schemes and Preventive Controls
  • Lesson 12: Computer Crime Schemes
  • Lesson 13: Organizational Controls
  • Lesson 14: Inherent Limitations of Internal Control
  • Lesson 15: Continuous Controls Monitoring

ACFE Online Self-Study Courses Feature:

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Save time and quickly earn CPE credits with instant access, grading and printable certificate

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System Requirements:

Internet access: High-speed connection recommended

Free Adobe Flash Player

Speakers required for video sound

Online Self-Study Troubleshooting Guide:

Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.

Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.

For information on how to manage your pop-up blocker settings in a specific browser, click the link below that corresponds to the browser you are using:

Internet Explorer
Google Chrome

Also note that many toolbars, such as the Google Toolbar and Yahoo! include pop-up blockers as well. If you have one or more toolbars installed on your browser with built-in pop-up blockers, you must configure them to allow pop-ups.

Problem: When I click on a course from “My Online Learning,” I am presented with a login page, but my username and password won't allow me to log in.

Solution: You do not have to log in a second time to access your online self-study. You most likely reached the login page because you clicked the link labeled “Click Here” as shown below:

Online SS Image Absorb Error

Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.

Problem: I receive the following error when I try to load a different lesson with a course:

SS Online API Error

Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:

Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.

Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).

Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:

Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.

Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here

Make sure you are running the latest version of Flash. Go to to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.