Fraud and Fraud Prevention

Start with fraud concepts

For an introduction, begin with the flashcards on incorrect financial statements and the fraud triangle. They include prompts on fraud, occupational fraud, opportunity, motivation and rationalization. Use them to check which terms you can explain before moving on to a broader overview.

The Accounting Fraud mind map presents opportunity, rationalization and financial pressure alongside its description of accounting fraud. Compare its terms with those in the flashcards, and make a note of any concept you want to study again.

Explore prevention and controls

Fraud Prevention Checklist presents questions about anti-fraud training and whether an effective reporting mechanism is in place. It offers a way to think about prevention after studying the fraud concepts.

Internal Controls Against Mistakes and Theft brings together fraud terms and accounting controls. Fraud and Internal Control covers the purpose, principles and limitations of internal control, as well as technology and the internal control system. These maps connect the topic to the Internal Control unit in Accounting and auditing.

Combine quizzes and mind maps

After exploring a map, try the quiz that opens with a question about using later payments to cover earlier stolen payments. Its questions give you a chance to apply what you have studied. Return to the maps or flashcards when a term or situation needs another look.

You can also use the prevention checklist alongside the control maps: read a checklist question, then look at how the maps describe controls. This keeps your study focused on the resources in this section of the unit.

Choose a map and a quiz to start exploring the topic.