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Methods of Fraud Prevention Course

By: Tom Associates Training  

Lagos State, Nigeria

12 - 14 Oct, 2022  3 days

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NGN 155,000

Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos.

Course Contents

Day One

What Fraud Is and What It Is Not

  • Legal definition
  • What behaviours are unacceptable
  • Errors and abuse.

Fraud Perpetrators

  • The fraud-triangle theory
    • Sufficient pressure
    • Adequate opportunity
    • Ability to rationalize a dishonest act
  • Dispel what a fraud perpetrator looks like
    • Age groups
    • Income levels
    • Both genders.

How Fraud Hurts the Organization

  • Lost resources
  • Decreased productivity
  • Investments of time and money into investigation
  • Remediation
  • A hit to the company’s reputation
  • Distorted company goals through financial engineering
  • Lowered employee morale.

Day Two

How Fraud Hurts Employees

  • Increased employee scrutiny
  • Decreased trust throughout the organization
  • Possibility of decreased salaries
  • Possibility of loss of bonuses
  • Possible layoffs
  • Need to clean up after any mess created.

How to Identify Fraud

  • Financial/Transactional Red Flags
    • Red flags regarding the structure of or personnel involved in a transaction
    • Red flags within the organization’s operations
    • Red flags within the accounting system
    • Red flags regarding the organization’s financial performance

DAY THREE

Behavioral Red Flags

  • Living beyond their means
  • Financial difficulties
  • Unwilling to share duties
  • Unusually close relationship with vendor/customer
  • Wheeler/dealer attitude 
  • Defensiveness
  • Addiction problems
  • Unwilling to take vacation days
  • Constant complaints about inadequate pay
  • Complaints about lack of authority.

How to Report Fraud

  • Most frauds uncovered by whistle blowing
  • Fraud deterrent designs

Punishments for Fraudulent Acts

  • Spelled out explicitly to all in advance
  • Addressed with certainty, swiftness, and severity.

Note: Available as Classroom Training as Well as Online Training

5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos. Oct 12 - 14 Oct, 2022

Registration: 09:30:am - 03:30:am

NGN 155,000.00(VAT Inclusive)
(Convert Currency)

Tolu Jegede 08178591654

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.

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