Description:

Until recently, a percentage of organizations discounted the risk related to external fraud attempts. Most were only concerned with protecting physical assets such as inventory or fixed assets. However, because of the many highly publicized corporate hacking events, such as the ones that affected the Colonial Pipeline and JBS Meats, more attention is being paid to external fraud risk of all types. In this session, we look at what is included in a definition of external fraud and then delve into specific control issues that can give rise to increased risk. We then discuss measures that organizations can employ to help reduce exposure to external attacks.

Learning Objectives:

The major topics covered in this course include:

• Types of external fraud
• Considerations as organizations work to reduce fraud risk
• External fraud and known parties/External fraud unknown perpetrators

Program Content:

After attending this presentation, you will be able to...

• Recognize external fraud
• Identify control issues that can give rise to external fraud occurrences
• Recall ways to reduce external fraud risk

Who should attend: Accounting and other business professionals that would benefit by understanding how pervasive external fraud can be and wish to work to mitigate the risk associated with it.

Developed By: Taymes, LLC

Instructor: Karl Egantoff

CPE Credit: 2.0

Field of Study: Accounting (2.0 CPE)

Prerequisites:None

Advanced Preparation: None

Format: QAS Self Study