This course will cover:

• Creating an environment for dealing with fraud
• Introduction to fraud detection
• Detecting fraud in a computerized environment
• Introduction to investigation
• Interviewing and taking statements
• Dealing with law enforcement agencies and management
• Enthroning a fraud preventive internal control system

By the end of this course delegates will be able to:

• Understand the importance and the role of internal controls in fraud prevention and detection.
• Appreciate and propose activities to manage various types of corruption
• Understand key challenges in fraud management and resources to counteract these challenges
• Recognize the problems associated with both internal and external fraud and the techniques for fraud prevention and  detection
• Identify the steps involved in investigating a fraud from the initial suspicion through to conclusion
• Know the various threats, both internal and external, which can damage the credibility of the investigation
• Realize the need for sound investigation techniques coupled with exemplary documentation
• Learn the use of both overt and covert methods of gathering evidence
• Understand the challenges associated with interviewing both witnesses and suspected perpetrators
• Know the advantages and disadvantages associated with the use of search orders
• Be introduced you to key typologies used by fraudsters and to key corruption practices
• Ensure that your organization is equipped with the tools necessary to reduce the impact of the threats posed
• Gain broad knowledge of the nature of fraud, corruption, money laundering and terrorist financing
• Understand the vulnerabilities of organizations and their staff to fraud, corruption, money laundering and terrorist financing
• Acquire detailed knowledge of current and prospective fraud, corruption, money laundering and terrorist financing threats

All internal auditors and risk managers in the public and private sectors, directors, top management staff in auditing, accountants, internal auditors, personnel and administration managers, staff of internal security department, accountants, security staff, personnel and admin managers, external auditors, security services men, technology managers and indeed all members of staff who can help management fight fraudulent activities, corporate internal auditors, IT managers and other managers/officials who perform related functions in public and private sectors, human resources managers, auditors and senior professionals and others who perform related functions in the public and private sector, all those responsible for compliance operations and risk management

An Introduction to Fraud

• How fraud occurs
• The fraud triangle
• The true cost of fraud
• Impact of fraud to an organization

The Nature of Fraud

• The size of the problem
• Legal aspects of fraud
• The role of internal audit

Understanding Fraud and Corruption

• What is fraud?
• What is corruption?
• What are the impacts of each upon the organization?
• What are the impacts of each upon the business sector?

Fraud Awareness

• Examples of fraud
• The cycle of fraud
• Corporate policies

Fraud Prevention 1

• Creating an anti-fraud culture
• Whistleblowing
• Risk assessment

Fraud Prevention 2

• Hire the right employees
• Fraud audits
• Bonding employees
• Fraud control

Fraud Detection

• Indicators of fraud
• Methods of detection
• Investigating fraud

Detecting Fraud in Routine Audits

• How fraud surfaces
• Symptoms of fraud occurrence
• Understanding ‘red flags’
• Building fraud considerations into the audit program

Importance of Internal Control

• Overview of internal controls
• How internal controls cups threats
• Why threats are increasing
• Internal control over financial reporting

Mitigating Fraud and Corruption

• Real world risk management
• Developing an anti-fraud culture and holistic controls
• Developing an anti-corruption strategy
• Developing an anti-money laundering and counter terrorist financing regime
• Creating a fluid not static risk management strategy

Creating an Environment for Dealing with Fraud

• Fraud-related challenges in today’s environment
• Dealing with management
• Establishing fraud policy and response
• Fraud prevention

Fraud and Technology

• The impact of fraud on current technology
• Computers and examples
• Fraud detection using data mining techniques

Fraud Exposures and Audit Investigation

• Purchasing
• Fraudulent financial reporting
• Construction and contraction

 Investigation for Internal Auditors

• Elements of a complete investigation
• Investigate tools, techniques and strategies

Internal Controls

• Overview of internal controls
• Proper documentation
• Segregation of duties
• Physical safeguards
• Analytical reviews

 Misappropriation of Assets

• Incentives and pressures for fraud
• Opportunities for fraud
• Identifying fraudulent schemes: cash, billing, payroll and expenses

Whistle Blowing to Promote Corporate Governance

• Regulations, reasons and benefits of whistle blowing
• Prevent whistle blowing
• Creating a white blowing culture

Effective Internal Control System

• Identifying factors risk
• Effective communication methods
• Monitoring techniques
• Internal control policies

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.