Fraud Prevention and Financial Integrity

Select Other "city & date"
Fraud Prevention and Financial Integrity Course
Introduction:
This program aims to provide participants with a practical understanding of the requirements for effective anti-fraud management. It covers nine major subject areas and employs a variety of training techniques to enhance learning and engagement.
The curriculum focuses on key aspects such as comprehending the impact of fraud on organizational value, identifying the individuals responsible for managing fraud exposure, recognizing the role of corporate governance and ethics in combating fraud, and implementing anti-fraud measures. Throughout the program, there is an emphasis on adopting practical and pragmatic approaches rather than solely relying on theoretical concepts.
By participating in this program, you will gain valuable insights into the real-world implications of fraud and its detrimental effects on organizational value. You will learn how to identify and assign responsibilities for managing fraud risks within your organization. Additionally, you will explore the vital role of corporate governance and ethical practices in creating an environment that actively combats fraud. The program will also provide you with the necessary tools and strategies to implement effective anti-fraud measures.
Overall, this program equips participants with practical knowledge and techniques that can be directly applied in their organizations to prevent and detect fraud. By adopting these approaches, participants will be better prepared to safeguard organizational value and mitigate the risks associated with fraudulent activities.
Course Objectives:
At the end of this Fraud Prevention and Financial Integrity Course, learners will be able to do:
- Understand the nature of fraud for your organization and be capable of developing an organizational response to its risks
- Appreciate the relationship between corporate ethics, governance, and fraud, including the market expectation of that relationship
- Know what drives your fraud exposure both at home and abroad and understand the financial consequences of non-compliance
- Recognize the importance of developing a culture of compliance as a major tool in fighting fraud
- Produce a corporate anti-fraud program tailored to your own organization and learn how to optimize your organizational structure for compliance
Who Should Attend?
This program has been developed for professionals responsible for preventing fraud and protecting the interest of their organizations and working in the areas of finance, auditing, security, compliance, anti-fraud, anti-money laundering, risk, legal, accounting, contracts, IT, procurement, and purchasing.
Course Outlines:
Fraud in the Global Context
- What is fraud?
- Extent of fraud
- Types of fraud (employee embezzlement, vendor fraud, customer fraud, management fraud, investment scams, and other consumer frauds)
- The fraud triangle
Regulatory Response to Fraud
- Global initiatives
- US initiatives
- UK initiatives
- Other initiatives
Ethics and Fraud Control
- What are corporate ethics?
- Ethics and corporate accountability
- Benefits of a commitment to sound business ethics
- Corporate ethics guidelines
- Governance and Its Impact on Corporate Fraud
- What is governance?
- Governance structures
- The role of the board in establishing a culture of compliance
- Protection of shareholder value
Fraud and Its Impact on Corporate Reputation
- Is reputation important?
- Risk and reputation
- Building reputational value
- Avoiding exposure
- Fraud Typologies
- Identity theft
- Cheques fraud
- Credit and EFTPOS fraud
- Other emerging typologies
Information and Security Threats
- Why is information security important
- Enterprise security threats
- Response to information security threats
- Information security control environment
Whistleblower Program’s and Fraud Prevention
- Review of global legislation
- Implementation of a whistleblower procedure
- Whistleblower report response
- Internal control environment requirements
- The Fraud Investigation
- Receipt and analysis of complaint
- Planning and implementing the investigation
- Compliance enforcement options
- Briefs of evidence/finalizing investigation
- Case studies will be used to demonstrate the importance of anti-fraud Programs