Fraud Prevention and Detection – How to Manage the Risks
Course
In City of London
Description
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
Fraud is a crime that threatens both an organisation’s profits and its reputation. These threats are increasing so that it is vital that fraud risks are managed effectively. Delegates will learn about the various types of fraud and the modern threat landscape, in particular the important and developing danger of cyber crime. They will also be made aware of the motives and behaviours of fraudsters to be able to spot behavioural red flags. A key part of developing an effective fraud risk management framework is awareness of controls that work in practice and delegates will be taken through the key preventative measures and detective techniques to fight fraud. The course is highly interactive throughout, with practical tips, case studies and lessons learned from a review of recent cases.
Facilities
Location
Start date
Start date
About this course
Directors, finance and procurement professionals, internal auditors, compliance officers, operational risk managers, ethics, HR and security officers and all those responsible for implementing anti-fraud and corruption programmes in their organisations.
Reviews
Subjects
- Risk
- Risk Management
- Financial Law
- Fraud Prevention
- Financial
- IT risk
- Risk Mgmt
- Forensic Accounting
- Crimes against public administration
- Cyberlaw
Teachers and trainers (1)
Steve Giles
Teacher
Steve qualified with Deloitte & Touche in 1983. From 1990 he specialised in special projects & forensics (including headline cases such as Polly Peck & BCCI), working on a variety of governance, risk management, fraud assignments both in the UK and abroad. Steve left Deloittes in 1997 and since then has built up a track record of success on an independent basis in helping executives, through risk-based techniques, to find solutions to a variety of unusual business problems.
Course programme
- The modern fraud risk management framework
- Definitions, types of fraud, scale and typologies
- External fraud – focus on cyber crime
- Internal fraud: fraudulent financial statements; asset misappropriation; and bribery and corruption
- The people problem: motives and behavioural issues behind fraud – the Fraud Triangle, who commits fraud and why
- Responsibilities for fraud prevention and detection – the role of directors and senior managers
- The role and responsibilities of auditors (internal and external) in fraud prevention and detection
- The most effective anti-fraud prevention controls discussed and analysed
- Red flags and the forensic approach, with key detective techniques – hotlines, data mining and fraud auditing
- Headline cases and practical examples
Fraud Prevention and Detection – How to Manage the Risks