Fraud Prevention and Detection – How to Manage the Risks

Speaker:  Steve Giles  |  CPD Hours: 6.0

Price £575 plus VAT

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OBJECTIVES

Fraud is a crime that threatens not only an organisation’s profits but its reputation also. These threats are increasing so that it is vital that fraud risks are managed effectively – this course shows exactly how this can be done. Delegates will learn about the various types of fraud and the modern threat landscape, in particular the important and developing danger of cybercrime. They will also be made aware of the motives and behaviours of fraudsters and so will be in a position to spot behavioural red flags. A key part of developing an effective fraud risk management framework is being aware of those controls that work in practice and delegates will be taken through the key preventative measures and detective techniques used by organisations today to fight fraud. The course is highly inter-active throughout, with practical tips, case studies and lessons learned from a review of recent cases.

CONTENT

  • The modern fraud risk management framework
  • Definitions, types of fraud, scale and typologies
  • External fraud – focus on cyber crime
  • Internal fraud: fraudulent financial statements; asset misappropriation; and bribery and corruption
  • The people problem: motives and behavioural issues behind fraud – the Fraud Triangle, who commits fraud and why
  • Responsibilities for fraud prevention and detection – the role of directors and senior managers
  • The role and responsibilities of auditors (internal and external) in fraud prevention and detection
  • The most effective anti-fraud prevention controls discussed and analysed
  • Red flags and the forensic approach, with key detective techniques – hotlines, data mining and fraud auditing
  • Headline cases and practical examples

WHO SHOULD ATTEND

Directors, finance and procurement professionals, internal auditors, compliance officers, operational risk managers, ethics, HR and security officers and all those responsible for implementing anti-fraud and corruption programmes in their organisations.      

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