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Mastering Internal Controls and Fraud

By: CorpTrain Ghana™ Ltd

Ghana

27 - 29 Jul, 2016  3 days

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USD 1,200

Organizations of all kinds and sizes are increasingly threatened by fraud. Embezzlement, cheque fraud, ATM fraud, Procurement Fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders.

This training session will provide staff and other financial professionals with a strong foundation of practical knowledge about how common frauds are committed using a combination of lecture, exercise and group breakout sessions.

We will discuss:

  • Who commits fraud
  • Why employees commit fraud
  • How to detect the red flags of common schemes
  • Essential fraud detection tools and techniques
  • Software tools for auditing for fraud
  • Best practices for developing and implementing anti-fraud controls

Learning Objectives

  • Understand the fraud problem
  • Identify the red flags of fraud
  • How to detect and investigate fraud
  • Building an anti-fraud control environment

Course Outline

  • The Fraud Problem
  • Introduction
  • Statistical overview of the fraud problem
  • External versus Internal Fraud
  • Who commits fraud
  • Why employees commit fraud (The Fraud Triangle)
  • Lessons from fraudsters
  • Common Types of External and Internal Fraud Today
  • External Fraud
  • Internal Fraud
  • Red Flags of Fraud
  • Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
  • The Fraud Risk Mitigation Cycle
  • Implementing an organization-wide system for detecting, preventing and investigating fraud
  • Fraud Detection and Investigation
  • Fraud Detection
  • How Frauds Are Most Often Detected
  • Additional General Detection Methods
  • Data Mining/Analytics for fraud detection
  • Examples of Fraud Audit Techniques at Work
  • Basic Fraud Investigation Techniques
  • Forensic Accounting Investigation
  • Forensic accounting/auditing techniques: Data Mining and Analytics
  • Gathering and preserving evidence
  • Securing a crime scene
  • Interviewing/interrogating suspects
  • Documenting findings
  • Anti-Fraud Controls
  • Internal Controls and Other Fraud Prevention Measures:
  • Who Should Manage Anti-Fraud Activities
  • Internal Controls: Do’s and Don’ts
  • Best Practices in Anti-Fraud Controls
  • General controls: Segregation of duties, delegation of authority, background investigation
  • Specific operations-level controls major fraud categories
  • Additional Information

Who Should Attend

  • Internal and external audit professionals
  • Internal control professionals
  • Finance and accounting management
  • Compliance professionals
  • Loss prevention and risk specialists
  • Security professionals
  • Fraud examiners
  • Procurement and payables specialists
CorpTrain Center, Avenor Junction, Kokomlemle- Accra, Ghana Jul 27 - 29 Jul, 2016
USD 1,200.00
(Convert Currency)

+233 0501 335 820, 233 -302 -974 -302,