Format: On-demand
About Self-Study Certificate Program
According to the latest study by the Association of Certified Fraud Examiners (ACFE), organizations lose 5% of revenue to fraud each year, which amounts to more than $5 trillion globally. Fraud can impact nearly every part of a company and is a critical component of an internal audit's mission to strengthen ""the organization’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.""
Even with the IIA Global Standard 13.2 stating that fraud testing should be part of every audit, only 14% of the nearly 2,000 fraud causes in 2023 were discovered by internal audit functions.
The certificate program will help you change that statistic by helping you understand the basic analytical techniques that are used to help detect fraud in your organization and incorporate testing for fraud as part of each audit engagement. This course will also help you prepare for the fraud analytics certificate assessment.
This certificate program is comprised of 5 modular courses:
- Fraud Analytics Fundamentals.
- Fraud Analytics Techniques.
- Fraud Analytics Methodology I.
- Fraud Analytics Methodology II.
- Fraud Analytics Common Schemes.
Participants who complete all course modules are eligible to sit for the certificate exam which is administered on The IIA’s LMS platform.
Learning Objective(s):
- Understand the fundamentals of fraud, the impact of fraud on the organization and the responsibility of internal audit to consider fraud in all aspects of the audit.
- Understand the tools and technology available to assist auditors in fraud analytics.
- Understand the difference between descriptive, predictive, and social analytic techniques used in fraud data analytics.
- Understand the fraud analytics methodology and incorporate that methodology into audit planning and testing.
- Identify the various types of fraud schemes.
- Apply descriptive and other analytic techniques and testing strategies to identify red flags associated with common fraud schemes.