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.

Certificate in Fraud Detection, Prevention & Investigation Agenda

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