Asset Fraud Prevention and Detection

Registration & Fees

Registration Fee:
ACFE Members: $415
Non-Members: $515
Early Registration Deadline: July 2, 2024
Register by the Early Registration Deadline to SAVE $100!

Course Outline

• 8:00 – 8:50 a.m. Types of Inventory Theft Schemes

  Inventory theft can take the form of unconcealed larceny, asset requisition and transfer schemes, purchasing and receiving schemes, or fake sales and shipments. In this session, you will learn about the various touchpoints in the inventory and warehousing process that perpetrators exploit to commit their frauds.

• 9:00 – 9:50 a.m. Inventory Theft Concealment Methods

  Once inventory has been stolen, the perpetrator usually takes steps to conceal the theft and reduce the chance that the scheme will be detected. Explore some of the most common concealment methods, including altered records, fictitious sales and accounts receivable, inventory write-offs and physical padding.

• 10:00 – 10:50 a.m. Methods to Detect Inventory Theft

  Detecting inventory schemes requires spotting the red flags of the theft, the concealment or both. In this session, you will learn numerous techniques that can be used to identify the warning signs that something is amiss in the inventory process or records.

• 11:00 – 11:50 a.m. Fixed Asset Misappropriation

  While most asset fraud involves inventory or smaller items, fixed assets, such as buildings or large equipment, can be the target of fraud as well. In this session, you will explore the various ways fraudsters misappropriate fixed assets, as well as ways to prevent and detect these schemes.

• 11:50 a.m. – 12:30 p.m. Lunch Break

  Lunch

• 12:30 – 1:20 p.m. Organized Retail Crime

  From collaborative shoplifting schemes to sophisticated cargo theft, organized retail crime can result in significant losses to organizations. Learn how these schemes can be exacerbated by social engineering, as well as specific geographic concerns. You will also hear methods that can be used to protect against these types of crimes.

• 1:30 – 2:20 p.m. Supply Chain Fraud

  Supply chain disruptions create challenges for businesses—and opportunities for fraudsters. This session will discuss the ways that assets are stolen at various points in the supply chain, factors that can increase supply chain risks and techniques that help prevent and detect against supply chain fraud.

• 2:30 – 3:20 p.m. Asset Fraud in Retail Locations

  Retail storefronts contain numerous touchpoints that are susceptible to fraud—from employee theft to self-checkout manipulation. In this session, you will discuss the types of fraud risks present in retail locations, as well as ways to protect against and monitor for any attempted fraud schemes.

• 3:30 – 4:20 p.m. Preventing Asset Theft and Misuse

  Organizations can implement targeted controls to help guard against the risk of asset fraud, from setting up a strong control environment with appropriate levels of access controls to separating key duties throughout the inventory and warehousing processes. This session will explore ways to prevent asset theft and misuse throughout the organization, and will discuss techniques, such as inventory counts and analytical review procedures, that can help spot the red flags of any schemes that might occur.

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