Fraud remains a serious and costly problem for entities of all sizes in any sector. High-profile cases such as Enron and WorldCom have made the world aware of the devastating impact of fraud. Fraud is a common risk that cannot be ignored and tolerated. Unfortunately, fraud risk only increases, fueled by rapid technological change, competitive markets, and periods of economic difficulty. The need for a robust internal control framework, providing a common language, and clear direction and guidance, has become vital for every organization. This course is designed to help you develop an effective internal control system. The course not only explains the theoretical concept of the internal control system but also provides you with the practical guidance you need to assume a role in the design, implementation, maintenance, and evaluation of a comprehensive framework of internal controls for your organization. It addresses the fundamentals of the COSO Framework and discusses audit requirements for internal control over financial reporting. This course is also designed to enhance your abilities to recognize fraudulent activities and develop strategies to deter misconduct. It identifies common types of fraud, fraud red flags and indicators, and the statistical profile of a fraudster. It explains the conditions that can lead to fraudulent activity, and fraud preventive and detective techniques, along with recent cases of corporate fraud. Finally, this course contains essential tools based on guidance from the PCAOB, AICPA, ACFE, and COSO Framework to help you design and implement effective fraud-related internal controls.