This session features the latest behavioral science, demonstrations of experiments, and compelling real-life stories to disrupt everything you thought you knew about fraud. It will spur you to challenge "sacred cows" of the industry and help you develop better thinking approaches to detect, deter, or investigate fraud, waste and abuse. Learn why many of our basic assumptions about fraud are flawed, why some widely accepted investigative practices are more harmful than helpful, and how auditors and investigators sometimes unwittingly assist fraud schemes. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Identify at least three cognitive biases commonly committed in fraud investigations
- Identify at least one psychological theory that should be used in fraud investigations
- Identify three characteristics of skepticism that should be employed in fraud investigations
- Identify one outdated economic theory that has underpinned fraud investigations and how to avoid it
Major Topics
The major topics that will be covered in this class include:
- How we unwittingly assist in the production of misleading information
- The neuroscience of psychopathy
- Behavioral profiling
- The new psychology of skepticism
- Cognitive errors including attribution and overgeneralization
- How experience, intuition and assumptions can cause cognitive errors
