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Secure Transaction CPE Credits
1 Credits: Auditing
Course Level
Overview
Format
Webcast
Course Description
The ACFE, the Association of Certified Fraud Examiners, reports that there are eight main behavioral indicators of fraud, often called “red flags.” 84% of fraudsters exhibited at least one of the behavioral indicators prior to being caught. Having an understanding and being on the lookout for these behavioral indicators can lead to more fraud being uncovered more often. Internal audit only uncovers about 14% of frauds and external audit only 3%. While detecting fraud is not internal audit’s primary purpose, knowing the behavioral indicators can lead to early detection and a decrease in damages from fraud schemes.
In this course the student will learn about the eight behavioral indicators of fraud per the ACFE’s 2024 Report To The Nations. Additionally, search tips including Open Source Intelligence (OSINT) collection tips are included after each one of the red flags. Additionally, students will learn about the change over time for the red flags of fraud.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify and explain the eight behavioral indicators of fraud as outlined in the ACFE’s 2024 Report to the Nations, understanding their significance in early fraud detection.
- Apply Open Source Intelligence (OSINT) collection techniques to investigate potential fraud indicators in real-world scenarios.
- Analyze how behavioral red flags of fraud have evolved over time, and evaluate their current relevance in modern fraud schemes.
- Develop enhanced fraud detection skills that complement traditional audit approaches, potentially increasing fraud detection rates beyond the current 14% for internal audit and 3% for external audit.
Course Specifics
WC1925424243
April 2, 2025
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Aaron Denbo is the Special Investigations Instructor with The PsyFIN Group, which focuses on training auditors, detectives, investigators, and protective personnel in innovative means of investigation, digital privacy, Open Source Intelligence (OSINT) collection, interviewing, and fraud prevention. Aaron is a Certified Fraud Examiner, Certified Forensic Interviewer, and Elicitation Specialist with fifteen years of investigative experience in fraud and financial crimes. Having worked both public and private sectors, Aaron has spent most of his investigative career involved in major case investigations involving fraud and financial crimes. He has graduate level education and advanced degrees in the security and investigations field with …
Webcast
