Fraud Prevention
This course explains the main offences under the Fraud Act 2006 and the new corporate offence of failure to prevent fraud introduced by the Economic Crime and Corporate Transparency Act 2023. You will learn to recognise common frauds such as invoice and mandate fraud, CEO fraud and expenses fraud, understand the controls that protect the organisation, and know how to report suspected fraud internally and externally.
- Modules
- 4
- Duration
- About 40 minutes
- Pass mark
- 80%
- Assessment
- 10 questions from a bank of 16
Learning outcomes
- ✓Explain the three ways of committing fraud under the Fraud Act 2006.
- ✓Recognise common external frauds, including invoice and mandate fraud and CEO fraud.
- ✓Identify signs of internal fraud such as expenses, payroll and procurement fraud.
- ✓Describe the failure to prevent fraud offence and what it means for the organisation.
- ✓Apply everyday controls that prevent fraud, such as verification and segregation of duties.
- ✓Report suspected fraud promptly through internal channels and to the appropriate external bodies.
Course contents
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Module 1: What fraud is
Video (4 scenes) · 2 lessons · 2 practice questions
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Module 2: Common frauds targeting the organisation
Video (4 scenes) · 2 lessons · 3 practice questions
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Module 3: Internal fraud and failure to prevent fraud
Video (4 scenes) · 2 lessons · 2 practice questions
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Module 4: Preventing and reporting fraud
Video (4 scenes) · 2 lessons · 2 practice questions
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Final assessment & certificate