This Fraud & Forensic Auditing training course is tailored for individuals seeking to understand the most prevalent form of white-collar crime in business—fraud. Fraud is a complex issue that involves the "fraud triangle" — opportunity, rationalization, and pressure — with numerous psychological factors at play. The course takes an in-depth look at the reasons behind fraud, examining the motivations, methods, and profiles of typical fraudsters, along with the decisions that lead them to commit crimes against businesses.
The Energy training course provides insights into the various tactics used by white-collar criminals, reviewing real-world examples of how companies combat fraud through both preventive and detective measures. Additionally, we explore common fraud detection methods, including the use of big data and analytics tools, through case studies. The training course also includes interactive exercises focused on internal controls and how they can either prevent or unintentionally facilitate fraud. You’ll gain practical experience in designing fraud controls to protect your company’s assets.
This Fraud & Forensic Auditing training course will cover:
- The history and psychology behind fraud in the workplace
- Key indicators and warning signs that suggest potential fraud
- Internal controls that, if lacking, can expose a company to white-collar crime
- Preventive and detective measures to address and prevent fraudulent activities
By the end of this Fraud & Forensic Auditing training course, you will be able to:
- Recognize potential signs of fraud within an organization
- Determine the correct audit procedures for conducting a fraud investigation
- Identify and explain the areas of risk and vulnerability to fraud in a business context
- Outline the different remedies available to individuals or organizations that have incurred losses due to fraud
- Apply advanced tools and techniques for fraud detection and prevention.
The instructor of Fraud and Forensic Auditing training course uses a combination of traditional lecture, case study and collaborative discussion for course delivery. The instructor’s preference is that much of your learning comes from other participants through guided discussion. An interactive classroom makes the course more interesting. Therefore, the instructor will frequently use group exercises and case study to encourage participation. The instructor expects participants to fully engage and participate, even if not expert on the topics. This is not a passive training course.
The Association of Certified Fraud Examiners publishes an annual “Report to the Nations” highlighting the widespread nature of fraud globally, indicating that all employees are vulnerable to encountering fraud in the workplace. This Fraud and Forensic Auditing training course has the following organizational impacts:
- Raises awareness of fraud among employees
- Helps employees understand some of the key motivations behind fraud
- Identifies signs that employees can look for, which may indicate that fraud has occurred or is occurring
- Introduces new perspectives on internal controls and the importance of segregation of duties
- Empowers employees with strategies to protect themselves and their organizations from fraud
- Uses real business case studies to illustrate how fraud occurs and the potential consequences for a company.
Fraud can have profound and lasting effects on both the organization and the individuals involved. Participants in this training course will benefit in the following ways:
- Guide participants through self-reflection to identify past situations where fraud may have been present, but previously unrecognized.
- Raise awareness by providing a deeper understanding of how fraud operates, how it occurs, and its impact.
- Encourage participants to recognize past failures within companies related to fraud and learn valuable lessons from those experiences.
- Equip participants with the knowledge to implement internal control procedures to prevent and address fraudulent behavior.
- Provide guidance on how organizations can recover from previous instances of fraud.
- Foster a deeper understanding of fraud, including the profiles of those who commit fraud and the underlying reasons it can occur.
All people, all ages, all places around the globe and at all levels within an organization can benefit from fraud training. Fraudulent behavior favors no single type or size of organization and as such, fraud a topic important to anyone with an association to a business, not-for-profit or organization that has assets. That being the case, these people tend to have the most interest in fraud topics:
- Middle-level and Upper Management within small, medium and large companies
- Internal Auditors
- Compliance / Security Officers & Staff
- Front-line Staff at any organization
Day One: Self-Awareness and Identification
- Understanding the Nature of Fraud
- Reflecting on Why People Commit Fraud
- Studying the Fraud Triangle
- Reviewing the Financial and Personal Vices often leading to Fraudulent Behavior
- Profiling a Fraudster
Day Two: Beginning to Identify & Detect
- Understanding Fraud Measures in Your Organizations
- Discussing the Ways in which companies Fight Fraud Today
- Considering the Gaps in Internal Control Structure
- Identifying Preventive Fraud Controls
- Identifying Detective Fraud Controls
Day Three: Reporting & Investigating
- Recognizing the Symptoms of Fraud
- Appreciating Whistle-blowing within Organizations
- Following up to Fraud Reports by Whistle-blowers
- Investigating the Purported Fraud
- Using Data-driven Fraud Analysis Techniques (Introduction)
Day Four: Data-Driven Analysis
- Using Data-driven Fraud Analysis Techniques
- Using Data-mining Software and Procedures
- Grinding through the Data and Discovering the Gold Nuggets
- Investigating Theft Acts
- Investigating and Determining of Concealment has Taken Place
Day Five: Interview & the Specifics of Financial Statement Issues
- Inquiring Methods and Fraud Reports
- Interviewing Techniques & Tricks
- Understanding Financial Statement Fraud
- Understanding Revenue / Inventory-related Fraud
- Understanding Other Types of Fraud
- Understanding Consumer Fraud