Fraud Prevention and Financial Integrity Course
Corporate Finance, Banking and Auditing
Select Other "city & date"
Fraud Prevention and Financial Integrity Course
Course Overview:
The purpose of the Fraud Prevention and Financial Integrity course is to assist practitioners on how to discern and fight fraud in their institutions.
The course participants will learn about the concept of fraud, its implications for corporate integrity and the interdependence of corporate ethics, governance, and fraud deterrence.
The course discusses such issues as the Fraud triangle, employee frauds such as embezzlement, vendor frauds, identity theft, frauds in other jurisdictions and the response of regulators to frauds in various jurisdictions.
Moreover, they will be taught how to design such corporate anti-fraud programs for their organizations, structures for compliance, as well as the function of good corporate governance and ethical culture in minimizing the company’s susceptibility of frauds. Furthermore, the course addresses information security, whistleblower programs, and how to perform fraud investigations. The professionals in finance, auditing, compliance, legal, IT and risk management will benefit from this course.
Course Objectives:
At the end of this Fraud Prevention and Financial Integrity Course, learners will be able to do:
- Understand the nature of fraud for your organization and be capable of developing an organizational response to its risks
- Appreciate the relationship between corporate ethics, governance, and fraud, including the market expectation of that relationship
- Know what drives your fraud exposure both at home and abroad and understand the financial consequences of non-compliance
- Recognize the importance of developing a culture of compliance as a major tool in fighting fraud
- Produce a corporate anti-fraud program tailored to your own organization and learn how to optimize your organizational structure for compliance
Who Should Attend?
This program has been developed for professionals responsible for preventing fraud and protecting the interest of their organizations and working in the areas of finance, auditing, security, compliance, anti-fraud, anti-money laundering, risk, legal, accounting, contracts, IT, procurement, and purchasing.
Course Outlines:
Fraud in the Global Context
- What is fraud?
- Extent of fraud
- Types of fraud (employee embezzlement, vendor fraud, customer fraud, management fraud, investment scams, and other consumer frauds)
- The fraud triangle
Regulatory Response to Fraud
- Global initiatives
- US initiatives
- UK initiatives
- Other initiatives
Ethics and Fraud Control
- What are corporate ethics?
- Ethics and corporate accountability
- Benefits of a commitment to sound business ethics
- Corporate ethics guidelines
- Governance and Its Impact on Corporate Fraud
- What is governance?
- Governance structures
- The role of the board in establishing a culture of compliance
- Protection of shareholder value
Fraud and Its Impact on Corporate Reputation
- Is reputation important?
- Risk and reputation
- Building reputational value
- Avoiding exposure
- Fraud Typologies
- Identity theft
- Cheques fraud
- Credit and EFTPOS fraud
- Other emerging typologies
Information and Security Threats
- Why is information security important
- Enterprise security threats
- Response to information security threats
- Information security control environment
Whistleblower Program’s and Fraud Prevention
- Review of global legislation
- Implementation of a whistleblower procedure
- Whistleblower report response
- Internal control environment requirements
- The Fraud Investigation
- Receipt and analysis of complaint
- Planning and implementing the investigation
- Compliance enforcement options
- Briefs of evidence/finalizing investigation
- Case studies will be used to demonstrate the importance of anti-fraud Programs
see more: Fundamentals of Accounting for Non-Accounting Personnel Course
