CFFE Module III
Integrated Case Study glossary
Every term this guide defines, A to Z, each with the chapter that teaches it. Open it when a word in a question is unfamiliar, and test yourself on it in the last week: cover the definition and say it in one sentence.
4 terms from the free first chapter
A
- Assess the existing control environment
Apply the control types and the strong-versus-effective distinction from CFFE Fraud Prevention and Detection to evaluate what is already in place, and whether it is actually working, not just present on paper.
Taught in Prevention and detection of fraud
D
- Diagnose the risk exposure
Apply the fraud tree (CFFE Fraud and Corruption Schemes) and the fraud triangle (CFFE Fraud Prevention and Detection, under why fraud occurs) to identify which schemes the organisation is most exposed to and why, tying pressure, opportunity and rationalisation to the specific facts given.
Taught in Prevention and detection of fraud
I
- Identify the prevention gaps
Match the diagnosed risks against the eighteen prevention measures in CFFE Fraud Prevention and Detection, under fraud prevention programmes, to name specifically what is missing (tone at the top, surprise audits, mandatory vacations, and so on).
Taught in Prevention and detection of fraud
R
- Recommend detective measures
Where prevention cannot fully eliminate a risk, recommend the detective control (analytical review, reporting programs, proactive fraud audits) that would catch it promptly if it occurred.
Taught in Prevention and detection of fraud
The full glossary adds every term from the other 2 chapters, A to Z, each with the chapter that teaches it.