Preventing Identity Theft

How to Prevent Identity Fraud

Fraud detection and investigation represent two critical duties performed by forensic accountants. However, the true mark of effective forensic accountancy is the ability to identify weaknesses and prevent fraud from occurring in the first place. Among the many threats businesses face, one of the most damaging is identity-related crime. Understanding the principles of preventing identity theft is therefore essential—not just for businesses, but also for individuals vulnerable to fraud. The prevention process begins with a comprehensive fraud risk assessment, designed to identify where, how, when, and by whom fraud may occur. The more weaknesses and opportunities uncovered during the assessment, the stronger the preventative measures can be. Forensic accountancy delivers its greatest value when used proactively, helping organizations and individuals learn how to prevent identity fraud before it happens.

Start your journey with CPD Courses

This exclusive Preventing Identity Theft module is ideally suited to both aspiring and experienced forensic accountants. Explore key fraud risk assessment factors, best practices in risk management, and the importance of supporting documentation. Learn how to create a risk management checklist, assess different entities, and evaluate both internal and external risk factors within the corporate environment.