Understanding, Preventing and Detecting Fraud

COURSE OVERVIEW

Auditors are in the front line when it comes to fraud. They are expected to create controls to prevent it and to find it when it happens. This highly practical hands-on course, assuming no prior knowledge, provides the perfect introduction to the subject.

COURSE BENEFITS

Skills:

After completion of this course, you will be able to:

Describe the components of fraud, the three models of fraud and be aware of the damage caused to organisations and the victims of fraud
Explain the differences between white collar and electronic fraud and describe common fraud scenarios
Design and deploy the most effective type of anti-fraud controls
Analyse data and determine whether there is prima facie evidence of fraud
Conduct simple fraud interviews to determine whether individuals are involved in fraud
Display a practical approach to the cost-effectiveness of anti-fraud controls

Support Materials:

This course will be accompanied by a training manual containing significant briefing materials, examples and practical advice.

WHO SHOULD ATTEND

Those with limited knowledge of fraud that need to strengthen – proactively – their audit approaches. The day uses a mixture of short briefings and interactive practical case study work to maximise knowledge transfer.

COURSE Programme

Introduction

Components of fraud – motive, opportunity, secrecy, gain, response
Fraud models
Damage caused by fraud: loss of assets, services and reputation
Victims of fraud: organisation, colleagues, others

Fraud case examples – white collar fraud

Stealing money and theft of assets
Claims for payments
Falsifying records
Supplying inside information
Collusion with friends, colleagues and third parties – kickbacks

Fraud case examples – electronic fraud

Electronic hijacking – spyware
Phishing and electronic claims
Falsification of evidence
Electronic extortion and blackmail
Covert signalling

Requirements for good governance

Tone from the top – top management and line management
Financial regulations, ethics and reputation
Core anti-fraud controls

Understanding the facts

Primary indicators of fraud
Secondary indicators of fraud

Fraud interviewing

Relevant legislation
Governing protocols for interviews
Confessions

Bringing it all together

Prevention or detection?
Considering the cost of controls – risk appetite and joined up thinking
Role for fraud prevention within the organisation
Role of internal audit

PRESENTED BY:
This course is designed, developed and presented by MindGrove Ltd.

TRAINING

In-House Training

Public Course Schedule

Course Library

CONSULTANCY

RESOURCES

CLIENTS

CONTACT US

To discuss bringing this course in-house, please complete our on-line Enquiry Form or call us on 01925 732 757.

Call us on +44 (0)1925 732 757