Fraud Prevention and Deterrence
Course Overview
- Fraud
- 3 Days
- EGP 3000
- Beginner
In 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) analyzed data from 2,690 cases of occupational fraud. The fraud cases in the study came from 125 nations providing a truly global view into the plague of occupational fraud. Survey participants estimated that the typical organization loses 5% of its annual revenue to fraud. Applied to the estimated 2016 gross world product, this figure translates to a potential total fraud loss of nearly US $4 trillion worldwide. The most effective way to manage and combat Fraud is to train fraud fighters and employees in identifying key indicators of fraud and in the latest techniques for managing fraud risk. This course will equip you to manage and fight fraud and be a part of the process to reduce the impact on organizations.
KEY TAKEAWAYS
TRAINING METHODOLGY
Professional facilitators carry out our training with well-developed group and classroom management skills in a noncritical environment, which encourages individuals to practice skills that are being taught. We do not sit individuals down and talk through a stack of PowerPoint slides; we engage them and discuss core ideas and concepts to bring their ideas and energy out, cementing the regulatory and commercial principles we are promoting in their mind. We do not focus on an unattainable set of KPIs, but rather achievable principles that can be readily utilized, adapted, and developed in an everyday working environment. Discussion points and simulations, aligned with a structured training plan and real-life scenarios, allow individuals to develop the skills necessary for success. Handbooks will be used, but individuals are encouraged to make use of the sessions to take their own notes, practicing the vital audio, visual and kinesthetic skills which are vital in their role, learning how to process and store information which the will later be required to recall. |
WHO SHOULD ATTEND?
COURSE CONTENT
- What are the fraud trends?
- Who commits fraud?
- Why do people commit fraud?
- What are fraud red flags?
- Senior and middle management.
- Assurance service providers.
- Elements of fraud risk management Program.
- Fraud Risk Governance.
- Fraud Risk Assessment.
- Fraud Control Activities.
- Fraud Investigation and Corrective Action.
- Fraud Risk Monitoring Activities.
- Asset misappropriation and corruption.
- Information technology (IT) fraud.
- Process and IT controls.
- Continuous monitoring activities.
- Fraud control policy framework.
- Fraud Policy Responsibility Matrix.
- Fraud Risk Management Policy.
- Fraud reporting mechanism.
ENROLL NOW!
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