Fraud Analytics, Internal Control, Audit & Risk Management from Udemy

Fraud is one of the most serious threats to any organization — and it’s evolving faster than ever. Today, it’s not enough to react after fraud happens. You must detect it early, prevent it proactively, and build systems that make it almost impossible for fraudsters to succeed.

In this comprehensive, hands-on course, you’ll master the full spectrum of fraud prevention and detection skills — from designing bulletproof internal control systems to applying cutting-edge data analytics tools like Excel, Power BI, and ACL.

You’ll learn to:

Spot red flags and behavioral indicators before fraud escalates.
Build strong internal controls that safeguard assets and ensure compliance.
Conduct structured fraud investigations using audit procedures.
Integrate fraud risk management into enterprise risk management (ERM) frameworks.
Meet global AML/KYC regulations and prevent financial crimes.
Foster an ethical culture that makes fraud socially and operationally unacceptable.

This isn’t theory — every lecture includes real-world frameworks, case studies, and step-by-step guides you can apply immediately. You’ll explore

Whether you’re an internal auditor, compliance officer, risk manager, or finance professional, this course will give you the credibility, skills, and confidence to:

Detect fraud faster
Strengthen your organization’s defenses
Boost your career in fraud analytics, internal audit, compliance, or risk

Fraud destroys trust and costs billions — but with the right skills, you can stop it before it starts. Enroll today and become the fraud prevention expert every organization needs.

What You’ll Learn:

Apply fraud analytics to detect suspicious transactions and trends.
Identify red flags that signal potential fraud in financial or operational data.
Design internal control systems to prevent fraud and safeguard assets.
Differentiate preventive, detective, and corrective internal controls.
Conduct structured fraud investigations from planning to reporting.
Use internal audit procedures to uncover anomalies and control gaps.
Build a fraud risk management framework integrated with enterprise risk management.
Apply
Strengthen internal controls to meet compliance and regulatory requirements.
Understand AML regulations and global anti-money laundering standards.
Implement effective KYC and customer due diligence procedures.
Apply enhanced due diligence for high-risk customers and PEPs.
Use Excel to detect duplicate transactions and flag unusual activity.
Build fraud dashboards and heatmaps in Power BI for real-time monitoring.
Perform exception testing and continuous auditing with ACL software.
Conduct fraud risk assessments and map them to internal control measures.
Promote an ethical culture and strong “tone at the top” in organizations.
Establish whistleblower systems that support fraud reporting and follow-up.
Reduce fraud risk in procurement, payroll, and vendor management through controls.
Position yourself for career growth in internal audit, compliance, or risk management.

What's inside

Learning objectives

Apply fraud analytics to detect suspicious transactions and trends.
Identify red flags that signal potential fraud in financial or operational data.
Design internal control systems to prevent fraud and safeguard assets.
Differentiate preventive, detective, and corrective internal controls.
Conduct structured fraud investigations from planning to reporting.
Use internal audit procedures to uncover anomalies and control gaps.
Build a fraud risk management framework integrated with enterprise risk management.
Apply coso, cobit, iso 31000, sox, and other internal control frameworks.
Strengthen internal controls to meet compliance and regulatory requirements.
Understand aml regulations and global anti-money laundering standards.
Implement effective kyc and customer due diligence procedures.

Apply enhanced due diligence for high-risk customers and peps.
Use excel to detect duplicate transactions and flag unusual activity.
Build fraud dashboards and heatmaps in power bi for real-time monitoring.
Perform exception testing and continuous auditing with acl software.
Conduct fraud risk assessments and map them to internal control measures.
Promote an ethical culture and strong “tone at the top” in organizations.
Establish whistleblower systems that support fraud reporting and follow-up.
Reduce fraud risk in procurement, payroll, and vendor management through controls.
Position yourself for career growth in internal audit, compliance, or risk management.
Show more
Show less

Apply fraud analytics to detect suspicious transactions and trends.
Identify red flags that signal potential fraud in financial or operational data.
Design internal control systems to prevent fraud and safeguard assets.
Differentiate preventive, detective, and corrective internal controls.
Conduct structured fraud investigations from planning to reporting.
Use internal audit procedures to uncover anomalies and control gaps.
Build a fraud risk management framework integrated with enterprise risk management.
Apply coso, cobit, iso 31000, sox, and other internal control frameworks.
Strengthen internal controls to meet compliance and regulatory requirements.
Understand aml regulations and global anti-money laundering standards.
Implement effective kyc and customer due diligence procedures.
Apply enhanced due diligence for high-risk customers and peps.
Use excel to detect duplicate transactions and flag unusual activity.
Build fraud dashboards and heatmaps in power bi for real-time monitoring.
Perform exception testing and continuous auditing with acl software.
Conduct fraud risk assessments and map them to internal control measures.
Promote an ethical culture and strong “tone at the top” in organizations.
Establish whistleblower systems that support fraud reporting and follow-up.
Reduce fraud risk in procurement, payroll, and vendor management through controls.
Position yourself for career growth in internal audit, compliance, or risk management.
Show more
Show less

Syllabus

Introduction

Every year, fraud drains billions from organizations worldwide… but here’s the truth most professionals don’t realize: Fraud doesn’t just hurt finances — it destroys trust, damages reputations, and can even ruin careers.

The good news? You can stop it — if you know how to detect it early, prevent it effectively, and build strong internal controls.

That’s exactly what I’m going to teach you in this course.

What You’ll Learn:

Apply fraud analytics techniques to identify suspicious transactions and behavioral patterns
Detect, prevent, and mitigate fraud using practical fraud detection strategies
Design and evaluate internal control systems that reduce risk and prevent financial loss
Conduct effective fraud investigations using audit techniques and data analysis
Build a risk-based fraud risk management program aligned with enterprise objectives
Implement enterprise risk management (ERM) frameworks like COSO and ISO 31000
Understand the full fraud lifecycle—from prevention to detection and investigation
Develop a robust anti-fraud culture through training, ethics, and governance policies
Use internal audit techniques to evaluate controls and detect irregularities
Gain deep insight into AML (Anti-Money Laundering) laws, typologies, and enforcement
Implement effective KYC (Know Your Customer) procedures to reduce identity-based fraud
Navigate compliance requirements across financial regulations and industry standards
Identify high-risk areas using risk assessment tools and fraud indicators
Learn how to interpret financial and operational data for detecting fraud without relying on complex tools
Position yourself for career growth in internal audit, risk management, or compliance roles

Learn the foundations of fraud analytics, common fraud types, red flag indicators, and proven techniques to detect and investigate suspicious activity before it escalates.

Lesson Objectives:

Define fraud analytics and its role in modern organizations
Understand common types of fraud and red flag indicators
Explore key techniques used to detect and analyze fraud

Master the design of internal control systems, understand preventive, detective, and corrective controls, and apply compliance frameworks to reduce fraud risk.

Lesson Objectives:

Understand the core components of internal control systems
Differentiate between preventive, detective, and corrective controls
Learn how strong controls reduce fraud and improve compliance

Explore the role of internal audit in uncovering fraud, learn structured investigation steps, and apply audit techniques to detect anomalies and strengthen controls.

By the end of this lecture, you will be able to:

Explain the role of internal audit in fraud detection and risk management.
Identify the key steps in conducting a structured fraud investigation.
Apply audit procedures to detect anomalies, irregular transactions, and control weaknesses.
Recognize common red flags uncovered during audits and investigations.
Recommend corrective actions to address identified control gaps and fraud risks.

Build a fraud risk management framework, connect it to ERM, and use structured assessment methods to prioritize and mitigate high-risk fraud scenarios.

Lesson Objectives:

Understand components of a fraud risk management framework
Link enterprise risk management (ERM) to fraud mitigation
Identify and assess fraud risks using structured approaches

Learn AML regulations, KYC and customer due diligence procedures, and risk-based approaches to detect money laundering and prevent financial crimes.

Lesson Objectives

By the end of this lecture, you will be able to:

Understand key Anti-Money Laundering (AML) regulations and common money laundering techniques.
Apply Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures effectively.
Explain how AML/KYC frameworks help prevent fraud and ensure regulatory compliance.

Develop a fraud-resistant culture through leadership accountability, clear policies, targeted training, and employee awareness initiatives.

Lesson Objectives

By the end of this lecture, you will be able to:

Promote ethical behavior and a strong tone at the top.
Understand how leadership accountability sustains an anti-fraud culture.
Design effective anti-fraud policies and training programs.
Build employee awareness to reduce organizational fraud risk.

Gain practical skills to use Excel, Power BI, and ACL for fraud detection, build dashboards, run exception tests, and perform continuous transaction monitoring.

Lesson Objectives

By the end of this lecture, students should be able to:

Understand how Excel, Power BI, and ACL are applied in fraud detection.
Recognize key features and techniques in each tool for identifying fraud risks.
Appreciate the value of data analytics in internal audit and investigations.

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Career center

Learners who complete Fraud Analytics, Internal Control, Audit & Risk Management will develop knowledge and skills that may be useful to these careers:

Fraud Analytics, Internal Control, Audit & Risk Management

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