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.
- 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
ACFE Ordering and Return Policy
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
ADVANCED PREPARATION: NONE
FIELD OF STUDY: AUDITING
LAST UPDATED: JULY 2020
DELIVERY METHOD: QAS SELF-STUDY
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
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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.
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