CORPORATE FRAUD DETECTION PREVENTION AND INVESTIGATION - Workshop
14th- 15th October 2021
Twangale Park - Lusaka
WORKSHOP OVERVIEW:
»Did you know that it is estimated that fraud cost the world economy more than 3 trillion dollars per annum?
» Would you know if fraud is occurring in your organization now?
» Do you know what the major fraud risks are in your business?
» Does your organization have a fraud prevention strategy?
» Do you have a formal quick-alert programme to tackle the risk posed by fraud?
» Do you use of any automated fraud detection techniques?
» If fraud is suspected, do you have a clearly defined investigation technique?
» Are you or your employees aware of Fraudulent behaviors/ activities perpetuated in your company?
If you have answered “No” to any of the above questions then you must attend this training. Recent surveys have revealed that many organizations do not have a formalized approach or have any idea on how to prevent, detect or investigate fraud. KSM is hosting training on Fraud Prevention, Detection and Investigation will help you to:
» Evaluate the likelihood and frequency of the cost of fraud in your organization
» Develop a world-class fraud prevention programme
» Assess fraud scenarios by means of actual fraud cases
» Target key areas of fraud with proven detection techniques
» Significantly reduce the opportunities for cartels, corruption and evasive behaviors.
COURSE OBJECTIVES:
After completing this course participants will be able to:
» Evaluate and challenge management’s fraud risks detection, Prevention and investigation
» Understand how a fraudster thinks, plans and behaves
» Apply successful techniques to help prevent and catch fraudsters
» Promote an effective full proof fraud prevention process
» Adopt data mining analysis as a fraud prevention and detection tool
» Apply a result-oriented and effective fraud investigation procedure
» Apply audit and analytical skills to fraud investigation
» How to Spot when someone is not telling you the truth – Body Language
» How to conduct a Life- Audit.
TRAINING METHODOLOGY:
» This is a basic / intermediate level course and participants are not required to have any previous experience in fraud prevention or detection to attend
» There no minimum educational requirements
» No advanced preparation is required
» Delivery method- Exercises and role-plays to simulate audit / fraud scenarios and situations that assurance professionals will encounter)
ORGANISATIONAL IMPACT:
This fraud prevention, detection and investigation training course will benefit individuals and organizations in all business sectors / industries and will provide both public and private owned business with a much greater appreciation of the ever increasing risk posed by fraud, and how to deal with these threats.
This training will enable participants enhance their knowledge in the following areas:
» The breadth and impact of fraud, risk, especially on business reputation risk
» The range and depth of fraud indicators
» Achieving a cost-effective balance between prevention and detection
» The legal implications of fraud management
» The need for every employee’s vigilance on fraud
» Know how to develop an anti-fraud policy
» Evaluate corporate wide fraud risks
» Use interrogative techniques to detect fraud
» Develop an effective fraud risk and mitigation programme
» Complete a successful water proof fraud investigation process
» Be able to personally deliver fraud awareness sessions to management and staff
WHO IS TO ATTEND:
The training is suitable to a wide range of non-experienced individuals, professionals and any other person who deals / is exposed to fraud cases and will greatly benefit:
» Members of the Board Audit Risk Committee
» Board Members
» Newly appointed Fraud Specialists / Risk and Compliance Officers
» Audit and Investigation teams
» Managers involved in Investigations / Reporting and Prevention of company policies
» Auditors / Accountants / Bankers / MicroFins/ Fund Managers / Controllers / Regulatory Authorities / Investigation Wings / Security Wings / Investment Funds / Pension Funds / Financial Institutions
COURSE OUTLINE:
DAY 1
» Fraud Defined
» Fraud Statistics – worldwide and Zambia Snap shot
» Why is fraud such a serious issue?
» Fraud Survey Results
» The Cost of Fraud
» Who commits fraud?
» The Profiler : - Profile of a Fraudster
» Trends and Statistics regarding Detected Fraud
» Why fraud is probably being perpetrated now in your
organisation?
Evaluating the Fraud Risks
» Global Fraud Risk Survey Results
» Fraud Risk Management Process
» Managing the Business Risk of Fraud (IIA, CPA, CFE Paper )
» 6 Fraud Principles (from the paper )
» Fraud Risk Management Programme should be in Place
» Fraud Risk Exposure should be Assessed
» Prevention Techniques to Avoid Potential Fraud Risk Events
» Detection Techniques should be Established
» Fraud Reporting Process
» A Coordinated Approach to Investigation and Corrective
Action Tracker
» Bad Debt Write-off Fraud
» Building the Bigger Picture of Major Fraud Risks
» Supplier and Outsourcing Fraud
» Fraud Risk Matrix
» Fraud Scenarios
» Fraud Risk Register Example
» Fraud Risk Questionnaire
» Generic Risk Factors
» Specific Risk
» Design of Controls to Prevent Fraud
» Physical and Logical Access
» Job Descriptions for Risk and Compliance Officials
» Adherence to Accounting Reconciliations as a Fraud Checkmate
» Fraud Supervision and oversight
Cyber and IT Fraud Risks
» Computer Fraud Paper
» Computer Fraud Prevention
» E-Commerce – The key fraud risks and steps to take to mitigate
them
» Internet and Intranet – The fraud risks
» Preventing Internet Fraud Paper
» IT Security – How to evaluate effectiveness and influence
change?
» Adoption and Enforcement of Information Security Standards
» Segregation of Duties - The Dangers and the Practical Solutions
| » | How to detect IT fraud? |
Identity Fraud
» Identity Fraud – The Fastest Growing Fraud Risk
» Identity Fraud – Fraud Advisory Panel Paper
» Identity Fraud Examples
» How to protect your business?
» The Risk of Corruption
» Corruption Causes
» Corruption Indicators
» Fraud Red Flags
» Procurement Fraud Risks
» The Issues to Look For – Financial Fraud
» Bid / Procurement Rigging – look-Out caser
DAY 2
Developing a fraud prevention process
Fraud Mitigation
» How to evaluate fraud risk mitigation?
» Why controls may not protect you?
» Putting Yourself in the Mind of the Fraudster ( It takes a thieve
to catch a thief)
» Examination of Typical Controls in Place to Mitigate the Risks
» Risk Exposures
» Identifying the Vulnerable Areas
Procurement Fraud
» Tendering and Bidding
» Common Indicators
» Supplier and Outsourcing Fraud
» Procurement and Inventory Fraud Risks
» A Procurement Fraud Checklist will be Provided
» Procurement Adherence Policy
Fraud Indicators
» The Top 30 Fraud Indicators
» How to spot the danger signals?
» Fraud Indicators – Fraud Advisory Panel Paper
» Developing a Toolkit for Identifying Possible Frauds
» An Auditor’s Fraud Toolkit will be Provided
Implementing a Best Practice Fraud Prevention Process
» CIMA Fraud Risk Management Guidance
» Introducing Effective Anti-fraud Policies
» Creating a Fraud Consciousness Loop
» Development of a Fraud Awareness Training Programme
» Communicating Standards of Expected Behaviour /Ethics
» The Need for Strong and Consistent Action When Fraud is
Suspected
» Electronic Data and Asset Protection
» Fraud Response Plans Paper
» Anti Money Laundering – issues and requirements
» Money Laundering Paper in the Pack
» The Relationship between Fraud, Risk and Control
» The Roles, Responsibilities and Liabilities of Auditors,
Management, Specialists and Others
» Q&A
» END of training
EARLY BIRD OFFER
10 % Discount on bookings and payment made 5 (days) work days before the training date.
REFERRAL OFFER
Refer and convince 5 (five) participants in your network to register and pay; and enjoy 50% Discount on your own training. Ensure your referee (the person you referred) submits your name, phone and email as the person who referred them when they register.
FEES
Four Thousand Five HundredKwacha (K4,500) only Inclusive of Tax, course materials, meals, Teas and certificate. This excludes accommodation and transport.
For reservations, inquiriesand /or requests for Course Content contact: 0957550123/ 0955750070 / 0211 295486 or This email address is being protected from spambots. You need JavaScript enabled to view it..
