About this Course
Topics covered include:
The four points of the fraud diamond;
Characteristics of those who commit fraud;
Impact of fraud on the automotive industry;
Unique challenges faced by retail dealers;
Departmental risks and tools to mitigate these risks;
ACFE Report to the Nation;
Cost of Fraud.
Upon completing this course, you should be able to:
Recognize internal control structure to repel potential fraud;
Design and implement systems to mitigate opportunities for those seeking to commit fraud;
Identify tools to practitioners to assist clients in improving internal controls;
Differentiate why retail dealerships are targets for fraud;
Identify the most frequent source for the initial detection of occupational frauds;
Recognize costs of fraud;
Identify fraud schemes with respect to dealership sales;
Identify purchase schemes;
Recognize examples of payroll fraud;
Differentiate characteristics of cash spiff fraud;
Recognize statistics according to the ACFE Report to the Nation;
Identify the dollar cost of fraud worldwide per year;
Recognize components to the fraud diamond;
Differentiate false discounts and unrecorded sale examples;
Identify a solution to parts department fraud;
Recognize how to classify specific types of dealership frauds.