Corporate Governance for Fraud Prevention (Online Self-Study)

CPE Credit: 4
Course Level: Intermediate
Prerequisite: Knowledge of basic internal controls and risk assessment



Corporate governance refers to the policies and procedures according to which an organization is operated, regulated and controlled. These processes are designed to protect the diverse interests of the organization’s stakeholder groups. Effective corporate governance measures are also essential to prevent corporate scandals, fraud, and potential civil and criminal liability.

Corporate Governance for Fraud Prevention describes the principles, functions and essential components of a corporate governance system. It addresses the controversy of CEO duality, the recommended committees any organization should have on its board of directors and how to set the appropriate tone at the top. This course also discusses corporate governance best practices that you can tailor to your organization’s structure and needs since there is no one-size-fits-all approach.

You Will Learn How To:

Identify the components essential for an effective corporate governance system

Differentiate respective duties of individuals responsible for the corporate governance structure

Recognize why effective corporate governance is necessary for an organization and for the economy

Determine best practices that can be implemented within an organization to improve corporate governance


This course fulfills the annual ethics CPE requirement for CFEs. To learn more about the ethics CPE requirement for CFEs, please visit

Preview Course 


Field of study: Auditing

Last updated: August 2016


ACFE Ordering and Return Policy 


Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once. 

Table of Contents: 


Lesson 1: Introduction

Lesson 2: Cost of Fraud and Corruption

Lesson 3: What Is Corporate Governance?

Lesson 4: Corporate Governance Functions

Lesson 5: Importance of Corporate Governance

Lesson 6: Corporate Governance Guidance and Legislation

Lesson 7: Fraud Risk Management

Lesson 8: Board of Directors

Lesson 9: What Went Wrong at Chesapeake Energy?

Lesson 10: Board Committees

Lesson 11: Management

Lesson 12: Tone at the Top

Lesson 13: Internal Audit

Lesson 14: Internal Controls

Lesson 15: External Audit

Lesson 16: Whistleblowers and Hotlines

Lesson 17: Rewarding the Good and Punishing the Bad

Lesson 18: Technological Considerations

Lesson 19: Corporate Governance of Social Media

Lesson 20: Building a Fraud Prevention Culture


ACFE online self-study courses feature:

24/7 access to courses through your Internet browser
Save time and quickly earn CPE credits with instant access, grading and printable certificate
The flexibility to start or stop a course and pick-up right where you left off
No additional shipping fees 

Learn more about accessing your online self-study course.

Learn more about online self-study courses and their features.


System requirements:


Internet access: High-speed connection recommended

Free Adobe Flash Player 

Speakers required for video sound

Online Self-Study Troubleshooting Guide:

Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.

Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.

For information on how to manage your pop-up blocker settings in a specific browser, click the link below that corresponds to the browser you are using:

  Internet Explorer
  Google Chrome

Also note that many toolbars, such as the Google Toolbar and Yahoo! include pop-up blockers as well. If you have one or more toolbars installed on your browser with built-in pop-up blockers, you must configure them to allow pop-ups.

Problem: When I click on a course from “My Online Learning,” I am presented with a login page, but my username and password won’t allow me to log in.

Solution: You do not have to log in a second time to access your online self-study. You most likely reached the login page because you clicked the link labeled “Click Here” as shown below:


  Online SS Image Absorb Error 


Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.


Problem: I receive the following error when I try to load a different lesson with a course:


  SS Online API Error 


Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:


Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.

Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).

Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:

Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.

Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here 


Make sure you are running the latest version of Flash. Go to to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.