Fraud - why it happens and how to prevent it
Fraud should not happen, but it does. It can happen
from the highest to lowest levels in an organisation. Recent surveys by
PricewaterhouseCoopers and Ernst & Young show that incidents of fraud have
increased globally by 22% over the past two years and here in the UK the
average corporate fraud costs a company some £200,000. The government
estimates the annual cost of fraud to the UK economy is in the region of
Who are the losers? Not just the shareholders, suppliers,
customers, etc, but society as a whole.
This programme shows why frauds
happen, how organisations put themselves at risk and what they can do to
prevent it.Training objectives
This programme will help
directors and others understand:
What causes or drives fraud
What types of fraud there are
How frauds are perpetrated
How they can be prevented
How regulators deal with fraud
Above all, the objective of this programme is to make your organisation as
secure as possible from the threat of fraud.Audience
programme is ideal for directors, senior management teams, senior finance
personnel and internal auditors.
Auditors in private practice would
also benefit. Format
A thoroughly practical one-day course
involving exercises, formal tutorials and trainer-facilitated discussions.
course material has been developed to meet the needs of many successful
companies by supporting their management improvement programmes. Special
A disc containing the checklists, process schedules and
the various demonstration spreadsheet models will be given to each
participant, as well as a comprehensive set of notes.
The programme can
be tailored to meet the needs of the public sector, voluntary
organisations and charities.The expert trainer
unusually, dual-qualified as both an engineer and a chartered accountant.
Having worked initially as an engineer, he qualified as an accountant and
was a manager in one of the big international accountancy firms before
setting up his own accountancy and consultancy practice. His clients
include many international businesses from the banking, power, telecom,
oil, manufacturing, engineering, construction and retail sectors.
author of a number of books, including Finance and Accounting Desktop
Guide, Practical Investment Appraisal and The Complete Guide to
International Financial Reporting Standards, Ralph is in great demand
as a lecturer and trainer. He presents technical update courses on behalf
of professional organisations such as the Institute of Chartered
Accountants of Scotland and the Institution of Chemical Engineers as well
as public training programmes on behalf of commercial organisations in the
UK and internationally on finance for non-accountants, cost reduction and
Ralph's unusual combination of depth of technical
expertise with breadth of approach and excellent training skills makes him
a very popular trainer with audiences from all backgrounds and at all
levels. See what people have said about his training:
'A very good
'Was eloquent and seemed to genuinely enjoy talking
about subject matter'
'Quizzes helped me to think more about fraud'
mix of teaching and group work'
my overall awareness of fraud and its different aspects'
entertaining review of a potentially dry subject'Course outline
Drivers of fraud
Session objective: to understand why people
might commit fraud
Drivers of fraudulent behaviour
Accounting mechanisms that allow fraud
Session objective: to
review the elements of the accounting, internal control and management
processes that allow creative accounting
Income or liability?
Asset or expense?
Coding errors and misclassification
Netting off and grossing up
Off-balance sheet items
Structures that allow fraud
Session objective: to consider
company and trading structures that allow frauds to be perpetrated
Importing and exporting
Interpretations and other non-compliance that allow fraud
objective: to look at how creative interpretations of law and
accounting practice can permit fraud
The place of accounting standards
Session objective: to review what constitutes
Types of money laundering
Preventing fraud - proper management structures
objective: to review the place of proper corporate governance
Company management structure
The place of internal audit
Preventing fraud - proper accounting
Session objective: to
review best accounting and auditing practice
Internal accounting policies
Adequacy of internal controls
Preventing fraud - regulation
Session objective: to look at how
regulators aim to prevent fraud
The regulatory environment
Financial services regulation