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Internal Audit, Fraud & Security

Fraud and Forensic Auditing

Introduction

This Fraud & Forensic Auditing training seminar is designed for those who wish to learn about the most common white-collar crime in business – fraud. Fraud is a phenomenon encompassing the fraud triangle – opportunity, rationalization and pressure – which includes many human psychological components. This training course is designed to dive deep into the why, the how and the who, as we discuss what the typical fraudster ‘looks like’ and why they decide to perpetuate a crime against a company.

Upon studying the various ways in which white collar criminals do their work, the course reviews, with real examples, the ways in which companies combat fraud, in both preventive and detective ways. Further, we explore some of the more common types of fraud discovery, including the use of big data and analytics tools, through case study. Finally, we look at ways in which internal controls can help or hinder fraud prevention via the use of hands on exercises where YOU design the fraud control. Come learn about how to protect your company’s assets against white collar crime

 This training seminar will highlight:

  • The History and Psychology of Fraud in the Workplace
  • Key Traits and Triggers that may suggest Fraud is or could take place
  • Internal Controls Discussions that, if absent, can open the door to white collar crime
  • Preventive and Detective Controls that combat Fraudulent Behaviours
  • Case Studies of Companies who experienced Fraud, as well as those who have implemented actionable internal controls

Objectives

By the end of this training course, participants will be able to:

  • Identify the signs of possible fraud within the workplace
  • Select the appropriate audit procedures to be followed in conducting a fraud audit
  • Select and explaining the areas of risk and exposure to fraud in a company situation
  • Describe the various remedies available to those who suffer a loss through fraud
  • Utilize cutting-edge tools in fraud discovery and prevention

Target Audience

All people, all ages, all places around the globe and at all levels within an organization can benefit from fraud training. Fraudulent behaviour favours no single type or size of organization and as such, fraud a topic important to anyone with an association to a business, not-for-profit or organization that has assets. That being the case, these people tend to have the most interest in fraud topics:

  • Middle-level and Upper Management within small, medium and large companies
  • Internal Auditors
  • Compliance / Security Officers & Staff
  • Front-line Staff at any organization

Internal Audit, Fraud & Security Outline

DAY 1: Self-Awareness and Identification

  • Understanding the Nature of Fraud
  • Reflecting on Why People Commit Fraud
  • Studying the Fraud Triangle
  • Reviewing the Financial and Personal Vices often leading to Fraudulent Behaviour
  • Profiling a Fraudster

DAY 2: Beginning to Identify & Detect 

  • Understanding Fraud Measures in Your Organizations
  • Discussing the Ways in which companies Fight Fraud Today
  • Considering the Gaps in Internal Control Structure
  • Identifying Preventive Fraud Controls
  • Identifying Detective Fraud Controls
  • Reviewing Case Studies – the good, the bad and the ugly

DAY 3: Reporting & Investigating 

  • Recognizing the Symptoms of Fraud
  • Appreciating Whistleblowing within Organizations
  • Following up to Fraud Reports by Whistle-blowers
  • Investigating the Purported Fraud
  • Using Data-driven Fraud Analysis Techniques (Introduction)

DAY 4: Data-Driven Analysis 

  • Using Data-driven Fraud Analysis Techniques
  • Using Data-mining Software and Procedures
  • Grinding through the Data and Discovering the Gold Nuggets
  • Investigating Theft Acts
  • Investigating and Determining of Concealment has Taken Place

DAY 5: Interview & the Specifics of Financial Statement Issues 

  • Inquiring Methods and Fraud Reports
  • Interviewing Techniques & Tricks
  • Understanding Financial Statement Fraud
  • Understanding Revenue / Inventory-related Fraud
  • Understanding Other Types of Fraud
  • Understanding Consumer Fraud

  
  

Ref Location From To Cost
IAFS02 Kuwait 7-3-2020 12-3-2020