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FRAUD PREVENTION WORKSHOP (NEW!)

Workshop Agenda

The management of economic crime investigations and prosecuting offenders is a dynamic business demanding that all personnel receive intensive and progressive training.  The basis of this training centre on the principle that to be successful requires the ability to understand pro-active and re-active methodologies, to have the ability to apply highly specialized investigative skills and to be comfortable with state-of-the-art technology. Subject matter includes introduction to fraud detection, audit strategies, conducting interviews, writing investigative report, fundamentals of financial statement fraud and why auditors fail to detect fraud.

This programme is intended for accountants and all who are interested in preventing fraud as investigation managers and all those who operate a "team approach" to crime solving. The lessons learned and the experience gained will also serve to improve participants' approach to good investigation leadership generally.  

1.  Introduction to Fraud Detection

• Differences between investigative audit / litigation support / forensic accounting

• Strategies and skills for successful investigations

2.  Audit Strategies for Detecting Fraud

• Designing the investigative audit procedure

• Identifying the fraud from the company's accounts and other fraud indicators

3.  Conducting Interviews/Internal Investigation

• How to conduct the interview and gathering the right evidence, avoiding the legal pitfalls?

4.  Writing the Investigation Report

5.  Fundamentals of Financial Statement Fraud

6.  High Profile Fraud / Why Auditors Fail to Detect Fraud?

1.      Introduction to Fraud Detection

• Principles of fraud

• Costs to the organization

• Ethical considerations

• Audit’s fraud responsibilities

• Skills successful fraud auditors need

 2.      Audit Strategies for Detecting Fraud

• How to incorporate fraud detection into your audit program?

• Specific audit steps designed to detect fraud

• Using ARP risk assessment to identify fraud indicators

• Building audit steps around fraud schemes

• Fraud concealment strategies and audit steps for uncovering them

• Sampling approaches and fraud detection

3.      Where Fraud Can Occur in Your Organization

• Traits of those who commit fraud

• Types of frauds: embezzlement, bribery, corruption, and fraudulent disbursements

• How fraud is concealed in your organization?

4.      Conducting Interviews Within the Fraud Audit

• Four successful interview approaches

• A proven, nine-step fraud interview methodology

• Using kinetics to spot deception: interpreting body language

• Interviewing dos and don’ts

• Who should conduct the interview?

5.      Conducting the Internal Investigation

• How to write the investigation plan?

• Step-by-step, the entire investigative process

• Gathering the right evidence for your case

• Avoiding some of the legal pitfalls

 6.      Writing the Fraud Audit Report So It Gets Read

• Report content

• Ensuring the audit process leads to the audit report

• Areas to consider when writing the fraud finding

• Disseminating the report

7.      Fraud-Related Internal Controls

• Building controls around the fraud scheme

• Introducing QMS to prevent future fraud losses

• Fraud prevention controls in the expenditure cycle

• Selling the controls to management

• Fraud prevention theory

8.      Fundamentals of Financial Statement Fraud

• Typical fraud schemes

• Balance and income statements

• Using analytical review/ratio analysis to identify fraud indicators

9.      High-Profile Frauds

• What went wrong?

• Why auditors failed to detect the fraud?

• How to avoid audit failures?

10. Fraud Audit Case Studies and Analysis

Internal Auditors, Compliance Officers, Controllers, Treasury managers, fund managers, credit managers, risk managers, relationship managers and corporate treasurers.

Register on-line today.  Our email address is: registration@cfe-in-practice.com 

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