Certificate in Fraud Detection, Prevention & Investigation Agenda

Fraud Basics and Terminology

• Types of fraud – Internal/external/financial
• First and third party fraud
  Exercise: Enron and Worldcom
• Soft vs. Hard fraud
• Computer-related fraud
  Exercise: Wirecard

By the end of these sessions, delegates will be able to compare the different types of fraud and discuss the different ways that they might be perpetrated.

Identifying Fraud and Fraud Risks

• Warning signs of fraud
• Creating a fraud checklist
  Exercise: Red Flags for Fraud
• The fraud triangle
• Managing 3rd party risks
  Exercise: Fraud terminology

By the end of these sessions, delegates should be able to create a checklist for spotting fraud and comprehend the psychology of fraudsters as well as isolating the key indicators of internal fraudsters.

Fraud Risk Assessment and Data Capture

• Identify and assess
• Prioritise and communicate
  Exercise: Defining and isolating fraud risks
• Testing and plugging gaps
• Whistleblowing and using data effectively
  Exercise: The practical benefits and drawbacks in using data

By the end of this session, delegates will understand modern best practice in identifying fraud and how to apply an effective risk-based approach to the assessment process.

Creating a Market Leading Anti-Fraud Programme

• The importance of the tone from the top
• Accountability & training
  Exercise: Culture, Policies, Procedures, and Prevention
• What do forensic accountants do?
• Lessons to be learnt from forensic accountants
  Exercise: Madoff, Brocket, and Ponzi Schemes

By the end of this session, delegates will understand the strengths and weaknesses in their own anti-fraud policies and how they can be improved as well as how anti-fraud staff and general compliance staff can cooperate effectively.

Bribery and Corruption

• Why bribe?
• Cash and non-cash bribes
  Exercise: Odebrecht
• Examples of bribery globally
• The FCPA, Bribery Acts and their impact
  Exercise: Principles of Regulation and FCPA Issues

Embezzlement and Corruption

• Differences between fraud and embezzlement
• Embezzlement basics
  Exercise: Types of Embezzlement
• Corruption basics
• Identifying corruption trails
  Exercise: Corrupt countries, organisations and their anatomy. Transparency International

By the end of these sessions, delegates will be able to identify embezzlementat their organisations as well as showing how corruption happens and how itgrows if left unchecked.