The risk of fraud is just one of the many types of risks to be managed by an organization; however, many risk management professionals tend to underestimate the role of fraud in the scope of their professional duties. The failure to properly manage this risk can bring catastrophic results.
With organizations losing an estimated 7% of their annual revenues to fraud, the need for a strong anti-fraud stance and proactive, comprehensive approach to combating fraud is clear. As organizations increase their focus on risk, they should take the opportunity to consider, enact and improve measures to detect, deter and prevent fraud.
Building an effective fraud risk management program to combat organizational fraud requires solid understanding of how and why fraud is perpetrated. This certification course will discuss the components of a comprehensive and effective fraud risk management program including the elements of deterrence, detection, investigation and remediation.
- Enterprise & Fraud Risk Management
- Fraud Risk Governance
- The Fraud Triangle
- Fraud Detection Programs & Controls
- Fraud Risk Assessments
- Intro to Fraud Schemes, Skimming Schemes Expense Reporting Fraud
- Cash Larceny Schemes
- Payroll Fraud Schemes
- Billing Schemes
- Bribery & Corruption
- Financial Statement Fraud
- Fraud Case Study
- Ethics & Compliance
- Conducting Investigations
- Conducting Investigations Case Study
WHO CAN ATTEND:
- All staff in the organisation
- Learn the elements of a fraud risk management program including the establishment of fraud risk governance policies
- Discuss the steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud
- Review risk management frameworks established by COSO, ACFE, IIA and other relevant organizations
- Understand why organizations should manage fraud risk and assign roles and responsibilities for elements of the program
- Identify red flags related to a variety of occupational fraud schemes
- Learn tools and techniques to detect and investigate instances of fraud
- Identify, assess and manage fraud risks from all sources and support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization
- Support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization
- Develop a system of internal controls to address the entity’s fraud risks
- Address and respond to any identified instances of fraud
- Identify the elements of a strong ethics & compliance program
- Study case studies to support fraud risk management theory and practice
- Conduct group exercises to support the learnings
A highly interactive format, where all delegates will be encouraged to engage and participate, share and gain from each other’s knowledge and experience. The lectures will rely on a bullet-based slide presentation enriched by group discussions around case studies, videos and checklists wherever applicable.
Through a multiple-instructional setting, the goal is to achieve the learning objectives by means of virtual technologies that match personal learning styles and by the inclusion of non-linear learning that aims at the development of just-in-time skills of adult learners.
At the same time and in order to allow participants maximum flexibility of scheduling, the learning will be conducted in an allochronic manner. Using a state-of-the-art training architecture, RMA will combine self-learning with assessments and online discussions.
The pedagogics – adapted explicitly to professionals in full-time work – will help train participants through several experiences: absorb (read); do (activity); intermingle (socialize); mirror (relate to one’s own reality).
DURATION: 3 days [ 5 Hours each day]
VENUE: Virtual or Onsite
DATE[TBC]: Send enquiry to: email@example.com or call: 08021003297;07034248767;09071941111