Internal and External Fraud: Understanding It and Working to Control It
Total Credits: 8 including 8 Accounting - Technical
- Average Rating:
- 16
- Categories:
- Partner Produced | Accounting and Auditing
- Faculty:
- Karl W. Egnatoff, CPA, CITP
- Course Levels:
- Intermediate
- Duration:
- 8 Hours
- License:
Description
All organizations, regardless of size, must be aware of the risks associated with intentional fraudulent acts. Fraud activities can be executed from within an organization, by parties outside an entity, or by both. One of the primary ways to thwart fraud is to understand how and why it occurs. In this session, we delve into the reasons that both internal and external intentional defalcations take place. The material discusses how difficult it can be to see some of the motives driving those that undertake fraud. We then discuss measures that organizations can implement to help stop fraud activities and add security to the entire enterprise.
Basic Course Information
Learning Objectives- Recall reasons that employees and others that are internal to an organization choose to undertake fraudulent acts
- Indicate the factors that make an organization attractive to those considering an external fraud attempt
- Identify the types of control measures that work best as entities strive to mitigate fraud risk
- Recognize specific internal control measures that can help to reduce fraud activities, and
- Indicate how anti-fraud measures add security to all segments and aspects of a business organization
Major Subjects
- Understanding why internal fraud occurs
- Fraudulent acts initiated by outside organizations
- Policies, procedures, and control measures designed to fight fraud
- Steps that verify anti-fraud activities are working
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| Internal and External Fraud: Understanding It and Working to Control It Handout (1.6 MB) | Available after Purchase | ||
Faculty
Karl W. Egnatoff, CPA, CITP Related Seminars and Products
Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. He has worked as an information technology services provider, a trainer and a programmer related to financial and business technology projects since 1995. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. He has been teaching group live and web-based continuing education since 2006. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP).
Karl is a member of the West Virginia Society of Certified Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certification including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). During the course of his career, Mr. Egnatoff has owned and operated a number of small businesses.
Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college he participated in division I Cross Country competing on the varsity squad. He was also on the Marshall’s Track team. Karl and his wife Lana live in Myrtle Beach, south Carolina and have been married since 1990. They have two grown sons, Jordan and Steven.
Additional Info
Basic Course Information
PrerequisitesA basic understanding of Internal Control concepts
Advanced Preparation None
Designed For
Accounting and other business professionals that work to create technological internal controls
Original Recording Date 06/2024
Yellow Book No
Course Developer
MICPA
Date Added to Catalog 4/16/2024
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, 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: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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