Course Methodology
This course uses interactive techniques, such as Instructor- and participant-led discussions and brief presentations by the consultant and the participants, in addition to demonstrating theoretical fraud topics. The course also features real-life case studies that participants discuss and present.
Course Objectives
By the end of the course, participants will be able to:
- Define financial fraud and its causes and impacts
- Identify the major types of financial fraud schemes in organizations
- Demonstrate knowledge of financial fraud assessment and prevention controls
- Review financial fraud investigation steps and methodology
- Identify the legal system that applies to fraud
Target Audience
Managers, supervisors, and staff from any function, including finance, internal audit, risk, and governance departments, who need to improve their financial fraud understanding and best practices for its prevention and examination.
Target Competencies
- Fraud risk assessment and management
- Financial accounting and auditing
- Data analysis and forensics
- Legal and regulatory compliance
- Communication and investigation skills
- Fraud prevention strategies
Introduction to Fraud
- Definitions and related terms
- The fraud triangle
- Understanding criminal behavior
- Corporate governance and ethics
- Codes of conduct
- Bribery and corruption
Financial Transactions and Fraud Schemes
- Asset misappropriation
- Theft of data and intellectual property
- Consumer fraud
- Identity theft
- Financial statements fraud
Fraud Prevention and Deterrence
- White-collar crime
- Management’s fraud-related responsibilities
- Fraud risk assessment
- Fraud risk management
- Fraud prevention
- Ethics for fraud examiners
Fraud Investigation
- Interview theory and application
- Planning and conducting a fraud examination
- Analyzing documents
- Tracing illicit transactions
- Report writing
- Sources of information
The Legal System Governing Fraud
- Overview of the legal system
- Individual rights during examinations
- Basic principles of evidence
- The law related to fraud
- Testifying
- Money laundering
- Bankruptcy fraud
