Occupational Fraud: Why Every Senior Financial Professional Should Be Aware

The video emphasizes the importance of fraud awareness for senior finance professionals, highlighting the common misconception that fraud cannot occur within one's own organization. It presents alarming statistics on the financial impact of fraud, including a global loss of 5% of revenues annually. The course focuses on occupational fraud, which involves deception by trusted employees, and aims to raise awareness of various fraud schemes, the psychology of fraudsters, and effective anti-fraud controls. The course also covers detection, prevention, and prosecution of fraud, urging participants to change their perception of fraud and recognize its potential occurrence in their organizations.

What is the estimated percentage of revenues lost to fraud each year according to the experts?

Discuss the average loss per incident of fraud reported.

What is the average duration of a fraud incident?

Explain the concept of occupational fraud as described in the text.

What are some of the key distinguishing elements of occupational fraud?

What types of fraud schemes will the course raise awareness about?

How does the course plan to back up the theory of anti-fraud controls?