Fraud Prevention Training
Identify Fraud Risks and Strengthen Internal Controls
Hours
Lectures
Content
About This Course
Fraud can affect financial performance, organizational trust, customers, employees, and public resources. Fraud Prevention Training teaches learners how to recognize different types of fraud, assess vulnerabilities, strengthen internal controls, identify warning signs, and support effective reporting systems. The course covers fraud risk governance, the GAO Fraud Risk Management Framework, COSO principles, U.S. fraud laws, whistleblower protections, payment fraud, business email compromise, AI-enabled threats, and continuous assurance. GAO's framework organizes fraud risk management around committing to combat fraud, assessing risks, designing and implementing controls, and evaluating and adapting fraud risk activities.
What You'll Learn
- Understand the foundations of Fraud Prevention Training and different forms of fraud, waste, abuse, and misconduct.
- Identify fraud risks, vulnerabilities, behavioral indicators, and organizational risk factors.
- Apply risk-based approaches to fraud governance, assessment, and internal control design.
- Recognize red flags and understand the role and limitations of fraud detection controls.
- Understand major U.S. fraud laws, regulatory requirements, and reporting protections.
- Recognize emerging risks involving payment fraud, business email compromise, AI, deepfakes, and synthetic identities.
- Support continuous fraud monitoring, ethical culture, and effective prevention programs.
Requirements
- No previous fraud investigation or compliance experience is required to complete Fraud Prevention Training.
- Basic knowledge of business operations and internal controls is helpful but not required.
- Suitable for employees, managers, auditors, compliance professionals, finance teams, and risk personnel.
- Access to a computer, tablet, or smartphone for online learning.
- Commitment to following ethical business practices and organizational fraud prevention policies.
This Course Includes
- 5+ hours of self-paced Fraud Prevention Training.
- Downloadable fraud risk assessment and internal control resources.
- Practical fraud prevention scenarios and case-based exercises.
- Knowledge checks to reinforce learning.
- Mobile and desktop access.
- Learn anytime with 1-year unlimited access.
- Professional Certificate of Completion.
Who Is This Course For?
This course is ideal for accountants, auditors, compliance officers, finance professionals, risk managers, business owners, managers, internal control personnel, HR professionals, investigators, and employees responsible for protecting organizational resources.
It is also valuable for organizations seeking to strengthen fraud risk management, improve internal controls, encourage reporting, and reduce exposure to financial and operational misconduct.
Certification
Compliance and Regulatory Alignment
This course introduces fraud prevention practices aligned with the GAO Fraud Risk Management Framework, COSO internal control principles, and relevant U.S. legal and regulatory concepts. GAO's framework uses four major components: committing to combat fraud, assessing fraud risks, designing and implementing antifraud activities, and evaluating and adapting those activities.
The course also introduces the FCPA and FEPA, along with DOJ corporate enforcement and compliance concepts. The DOJ's current corporate enforcement policy emphasizes voluntary self-disclosure, cooperation, and timely remediation in appropriate circumstances.
Why Compliance Training Matters
Fraud prevention requires more than detecting suspicious transactions after losses occur. Effective programs combine risk assessment, organizational culture, internal controls, reporting mechanisms, data analysis, and ongoing monitoring. GAO identifies these activities as important components of a strategic, risk-based approach to managing fraud risks.
Training also helps employees recognize emerging threats. NIST defines synthetic identity fraud as combining personal information to fabricate a person or entity for dishonest or financial gain, while current NIST research highlights the increasing sophistication of AI-generated deepfakes.
Career Benefits
Fraud prevention knowledge is valuable across accounting, banking, financial services, healthcare, government, insurance, retail, technology, and corporate environments. Employers value professionals who understand risk assessment, internal controls, fraud indicators, ethical reporting, and emerging financial threats.
Completing this course strengthens your risk and compliance knowledge, supports professional development, and demonstrates your commitment to protecting organizational assets and promoting ethical business practices.
Course Curriculum
20 •5.5 hours
Module 1: Foundations of Fraud Prevention
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Fraud Definitions, Elements, and Intent
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Fraud, Error, Waste, Abuse, and Misconduct
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Fraud Triangle, Diamond, and Behavioral Theories
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Occupational, Consumer, and Cyber-Enabled Fraud
Module 2: Fraud Risk and Organizational Governance
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Fraud Risk Governance and Accountability
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GAO Fraud Risk Management Framework
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Risk Assessment, Schemes, and Vulnerability Mapping
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Organisational Culture, Incentives, and Management Override
Module 3: Internal Controls and Fraud Detection
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COSO Principles and Anti-Fraud Control Design
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Segregation of Duties, Authorisation, and Reconciliation
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Red Flags, Evidence, and Detection Limitations
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Reporting Systems, Whistleblowing, and Anti-Retaliation
Module 4: U.S. Fraud Law and Regulatory Requirements
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Federal Mail, Wire, Bank, Healthcare, and Identity Fraud
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False Claims Act, Sarbanes–Oxley, and Dodd–Frank
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FCPA, FEPA, Corporate Liability, and DOJ Enforcement
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FTC Rules, FinCEN Requirements, and Federal Contractor Duties
Module 5: Emerging Fraud Risks and Prevention Frameworks
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Payment Fraud, Business Email Compromise, and Impersonation
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Artificial Intelligence, Deepfakes, and Synthetic Identities
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Fraud Analytics, Model Bias, and Human Oversight
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NIST, ISO 37001, Ethics, and Continuous Assurance
Frequently Asked Questions
Fraud Prevention Training teaches professionals and employees how to identify fraud risks, recognize warning signs, strengthen internal controls, support reporting systems, and reduce opportunities for fraudulent activity.
This course is designed for accountants, auditors, finance professionals, compliance teams, risk managers, business owners, managers, investigators, internal control personnel, and employees who handle organizational resources or sensitive transactions.
Yes. The curriculum covers the GAO Fraud Risk Management Framework, including risk assessment, fraud risk governance, antifraud controls, and ongoing evaluation. GAO organizes its framework around Commit, Assess, Design and Implement, and Evaluate and Adapt.
Yes. The curriculum introduces federal fraud offenses and major laws and frameworks including the False Claims Act, Sarbanes-Oxley, Dodd-Frank, FCPA, FEPA, FTC requirements, FinCEN requirements, and federal contractor responsibilities.
Yes. The course covers artificial intelligence, deepfakes, synthetic identities, fraud analytics, model bias, and human oversight. NIST identifies synthetic identity fraud as a distinct form of fraud involving fabricated identities created from combinations of personal information.
Yes. The curriculum covers reporting systems, whistleblowing, and anti-retaliation concepts as part of an effective fraud prevention and organizational accountability program.
Yes. After completing the course, you will receive a professional Certificate of Completion recognizing your knowledge of fraud prevention, risk management, internal controls, fraud detection, and emerging fraud risks.