106114:Study guide for Executive Roadmap to Fraud Prevention-2nd Edition
Reading assignments are for Executive Roadmap to Fraud Prevention and Internal Control-Second Edition by Martin T. Biegelman and Joel T. Bartow.
Forwards and Preface
Reading Assignment: Forwards and Preface <<>> Review Question: # 1
The learning objectives for this lesson are to gain an understanding of:
- The authors’ backgrounds
- Why the book was written
1) Fraud’s Feeding Frenzy: Overview of Recent Corporate Scandals.
Reading Assignment: Chapter 1<<>> Review Questions: # 2-6
The learning objectives for this lesson are to gain an understanding of:
- What is a “feeding frenzy” of corporate fraud
- Recent corporate fraud scandals
- “Chutzpah defense”
2) Fraud Theory and Prevention.
Reading Assignment: Chapter 2 <<>> Review Questions: # 7-13
The learning objectives for this lesson are to gain an understanding of:
- What is fraud
- Why people commit fraud
- Can fraud be prevented?
- Understanding the importance of fraud prevention
3) The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: COSO to Sarbanes-Oxley.
Reading Assignment: Chapter <<>> Review Questions: # 14-21
The learning objectives for this lesson are to gain an understanding of:
- Recent history of fraud compliance initiatives
- Culture of compliance
- SAS 82
- Sarbanes-Oxley
- Auditor independence
- Civil and criminal penalties
4) The Path to Greater Corporate Compliance, Accountability, and Ethical Conduct: SAS 99 to the 2010 Amendments to the Federal Sentencing Guidelines for Organizations.
Reading Assignment: Chapter 4 <<>> Review Questions: # 22-28
The learning objectives for this lesson are to gain an understanding of:
- SAS 99
- Fraud risk
- Obtaining, identifying and assessing fraud risk
- Evaluating audit evidence
- Principles of Federal prosecution of business organizations
- Section 404 of Sarbanes-Oxley
- Enhanced sentencing guidelines
5) Internal Controls and Antifraud Programs.
Reading Assignment: Chapter 5 <<>> Review Questions: # 29-40
The learning objectives for this lesson are to gain an understanding of:
- Role of the compliance officer
- Creating a culture of honesty
- Evaluating antifraud processes and controls
- Developing an oversight process
- ACFE fraud prevention check-up
- Fraud risk assessment process
6) Financial Statement Fraud.
Reading Assignment: Chapter 6 <<>> Review Questions: # 41-48
The learning objectives for this lesson are to gain an understanding of:
- Why do they take the risk?
- The perception of detection
- Is Sarbanes-Oxley working?
- Red flags of financial statement fraud
7) Internal Fraud: Protecting a Company.
Reading Assignment: Chapter 7 <<>>Review Question: # 49-54
The learning objectives for this lesson are to gain an understanding of:
- Fraudulent disbursements and asset misappropriation
- False billing schemes
- Payroll schemes
- Bribes and kickbacks
8) Former Fraudster and New Man.
Reading Assignment: Chapter 8 <<>> Review Question: # 55-61
The learning objectives for this lesson are to gain an understanding of:
- Perspective of a fraudster
9) External Fraud Schemes: The Rest of the Fraud Story.
Reading Assignment: Chapter 9 <<>>Review Questions: # 62-68
The learning objectives for this lesson are to gain an understanding of:
- Classic fraud schemes
- Credit card fraud
- Online fraud
10) Not Too Big to Fail
Reading Assignment: Chapter 10 <<>>Review Questions: # 69-73
The learning objectives for this lesson are to gain an understanding of:
- The multiple causes of the financial crash of 2008
- Overview of several of the large financial failures in the period such as
- AIG
- Lehman Brothers
- Bear Sterns
- Merrill Lynch
11) Designing a Robust Fraud Prevention Program.
Reading Assignment: Chapter 11 <<>>Review Questions: # 74-76
The learning objectives for this lesson are to gain an understanding of:
- Technology solutions
- Base a fraud prevention program in internal audit
- Role of human resources
- Investigative plan
- Recovery of defrauded assets from fraudsters
12) Whistle-Blowers and Hotlines.
Reading Assignment: Chapter 12 <<>>Review Questions: # 77-83
The learning objectives for this lesson are to gain an understanding of:
- Sarbanes-Oxley whistle-blower requirements and protections
- Whistle-blower relief
- Hotlines-how to build it right
- Use of third-party vendors
- The Federal False Claims Act
13) Time to Do Background Checks.
Reading Assignment: Chapter 13 <<>>Review Questions: # 84-86
The learning objectives for this lesson are to gain an understanding of:
- Finding criminal records
- Are background checks worth the cost?
- Role of HR in background checks
14) Training, Training, and More Training.
Reading Assignment: Chapter 14 <<>>Review Questions: # 87-90
The learning objectives for this lesson are to gain an understanding of:
- Building fraud awareness
- New employee orientation
- Training different department personnel
- Audit staff training
- Data mining
15) Global Fraud and Corruption Risk.
Reading Assignment: Chapter 15 <<>>Review Questions: # 91-93
The learning objectives for this lesson are to gain an understanding of:
- Offshoring
- The US Foreign Corrupt Practices Act
- Assessing risk and due diligence
- Bribery red flags
- Transparency International
16) The Feds Are Watching: What to Know and Do Now.
Reading Assignment: Chapter 16 <<>>Review Questions: # 94-96
The learning objectives for this lesson are to gain an understanding of:
- The corporate fraud task force
- FBI strategic plan for combating corporate crime
- What to do if the Feds show up at the door
17) A Fraud Prevention Culture That Works.
Reading Assignment: Chapter 17 <<>>Review Questions: # 97-100
The learning objectives for this lesson are to gain an understanding of:
- Zero tolerance for fraud and what it means to the organization