Fraud Prevention Internal Controls & Segregation of Duties

Use the ARC framework to close oversight loopholes and stop financial theft before it starts.

What you'll learn

⚡ Construct workflows that separate authorization, record keeping, and custody.
⚡ Implement controls to block ghost vendors and invoice-slicing schemes.
⚡ Establish tiered approval thresholds based on varying transaction risks.
⚡ Review IT general controls to strengthen system access management.
⚡ Identify duty overlaps in existing business processes.

Requirements

❗ A basic understanding of how businesses operate is helpful but not required.
❗ No prior experience in fraud prevention, internal controls, auditing, or compliance is necessary.
❗ An interest in learning how organizations prevent fraud and strengthen accountability.
❗ A computer or mobile device with an internet connection to access the course materials.

Description

This course includes downloadable course exercise files to work with and follow along.Fraud Prevention: Internal Controls & Segregation of Duties teaches you to design controls that stop fraud before it happens, not just catch it afterward. This course gives you a structured way to spot weak points in a process and close them, so accountability never depends solely on trust. You will start with a simple, costly problem: one employee holding too much power over a transaction. Laws such as the Sarbanes-Oxley Act and the COSO framework, as well as similar UK rules, require real evidence of control, not mere good intentions. Weak IT access, as the Colonial Pipeline attack showed, can undo even strong automated systems.
From there, you learn how to build the ARC framework, separating Authorization, Record Keeping, and Custody so no one manages a transaction from start to finish. You will know how to set approval thresholds that scale with risk, apply three-way matching between orders, invoices, and receipts, and use audit trails to catch problems early. Case studies bring these ideas to life. You will learn about a clerk who stole $53 million by controlling every stage of a process, a freight company that fixed a dangerous overlap without hiring anyone new, and a digital agency that lost $150,000 to invoice slicing and a ghost vendor.
By the end of this training, you will be able to map a process, find where duties overlap, and redesign it with the staff already in place. You will also know how to test controls over time and read the culture that backs them up or quietly undermines them. This course is suitable for auditors, compliance officers, and finance managers.

What you'll learn

✨ Construct workflows that separate authorization, record keeping, and custody.
✨ Implement controls to block ghost vendors and invoice-slicing schemes.
✨ Establish tiered approval thresholds based on transaction risk levels.
✨ Review IT general controls to strengthen system access management.
✨ Identify duty overlaps in existing business processes.
This course includes
✨40 minutes of video tutorials
✨11 individual video lectures
✨Exercise Files to follow along
✨Certificate of completion

Who this course is for

⭐ Internal auditors who want to strengthen their knowledge of fraud prevention and internal controls.
⭐ Compliance officers responsible for managing organizational risk and regulatory compliance.
⭐ Business managers and team leaders looking to improve accountability and reduce fraud risk within their teams.
⭐ Students and aspiring professionals interested in auditing, risk management, governance, or corporate compliance.

Homepage

https://www.udemy.com/course/fraud-prevention-internal-controls-segregation-of-duties

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