Internal Controls for Fraud Prevention

Internal Control Considerations
Course Level
Delivered via
4 Credits


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. This online self-study course explores 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



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

CPE Information

CPE Credit: 4
NASBA Information: Auditing
Advanced Preparation: None
Last Updated: November 2022
Delivery Method: QAS Self-Study


CPE Credit

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.

ACFE Online Self-Study Courses


  • 24/7 access to courses through your Internet browser
  • Save time and quickly earn CPE credits with instant access, grading and printable certificate
  • The flexibility to start or stop a course and pick-up right where you left off
  • No additional shipping fees

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound


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:


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