Course info

This comprehensive course is essential for finance professionals seeking to fortify their organization's defenses against financial wrongdoing. Uncover the alarming statistics: organizations lose approximately 5% of their revenue to fraud annually, with a significant portion occurring in routine, high-volume payroll processing, expense reimbursements, petty cash handling, and daily tax transactions.

This practical course equips you with essential skills to understand modern fraud schemes, spot red flags and subtle signs, select the most effective controls, and protect your organization's assets throughout payroll cycles, expense reimbursement processes, cash handling, and tax compliance. You'll master how to detect and prevent common fraud schemes in these critical financial areas, which are particularly vulnerable to both internal manipulation and external threats.

Through real-world scenarios and practical applications, you'll learn:

• Payroll Fraud Prevention: Identify ghost employees, falsified hours, unauthorized pay raises, and other schemes threatening your payroll integrity and employee trust
• Expense Reimbursement Protection: Recognize mischaracterized expenses, fictitious claims, duplicate submissions, and other clever techniques
• Cash Controls Implementation: Design and implement easy but powerful preventive and detective controls specifically tailored for petty cash handling
• Tax Fraud Detection: Spot sales tax/VAT evasion, payroll tax skimming, and other transactional tax schemes before they hit your organization

The course includes four valuable downloadable tools you can immediately apply in your daily work:

• Payroll Red-Flag Cards: Quick reference guide for identifying the eight most common fraud indicators in payroll processing
• Expense & Cash Red-Flag Cards: Eight warning signs of potential fraud in expense reports and petty cash transactions
• Tax Red-Flag Cards: Eight key indicators of transactional tax fraud that demand immediate attention
• Rapid Dilemma Tree for Daily Transactions: Four quick questions for making sound ethical decisions when facing questionable situations

Whether you're a CPA, accounting manager, controller, internal auditor, or finance professional, this course will enhance your ability to safeguard your organization's financial integrity throughout daily transaction processes. Join us to develop your "fraud lens" and become a stronger defender against fraud attempts in your payroll, expense, cash, and tax operations.

Course Key Concepts: Ethics, Expense Reimbursement, VAT, GST, Sales Tax, Check, Petty Cash, Cash on Hand, T&E, AICPA, IESBA, Bonus, Series, Mastery.