Fraud Prevention and Systems and Controls Assessment

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Aim: To train client staff in how to conduct a fraud risk assessment and design and implement a prevention strategy which seeks to proportionately manage all identified fraud risks.

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Content: The course will cover the following:

1. An understanding of the nature of fraud;

2. The fraud risk model and the inter-dependency of its different components;

3. Knowledge of the terminology involved in fraud risk management and prevention;

4. The construction of a fraud risk typology, a fraud risk needs assessment and a fraud risk register;

5. An understanding of the different types of control and how these can be applied to identified risks;

6. The design and use of management information systems to produce reports which indicate when a fraud is about to crystallise;

7. The construction of a full fraud risk assessment;

8. The core components of a successful fraud awareness prevention strategy;

9. the creation of a fraud prevention strategy which is capable of integration into an organisation’s corporate governance arrangements;

10. Links to an organisation’s security function (for example staff vetting and threat management); and,

11. Techniques for successfully implementing a fraud prevention strategy.

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Tools Supplied: PowerPoint slides. A fully worked through case study (with suggested answers) which will include templates for: a fraud risk typology, a fraud risk needs analysis, a fraud risk register, a fraud risk assessment; a fraud prevention strategy and a fraud prevention annual report. The intention is for course participants to be able to use these templates to implement what they have learned when they return to their workplace and thus help client organisations obtain the best value from the course.

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Target Audience: Staff working in fraud risk management and / or internal audit teams.

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Venue: To be delivered in hired premises – for example a hotel conference room.

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Numbers Attending: Numbers will be limited to 12 per course to encourage maximum participation from each course member and allow the instructor to give sufficient time to each course member.

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Duration: 3 days.