Fraud & Forgeries Detection, Prevention & Response Skills Training
Introduction
Fraud negatively impacts organizations in many ways including financial, reputation, psychological and social implications. The full cost of fraud is immeasurable in terms of time, productivity, and reputation including customer relationships. Depending on the severity of the loss, organizations can be irreparably harmed due to the financial impact of fraud activity. Therefore, it is important for organizations to have a strong fraud program that includes awareness, prevention, and detection programs, as well as a fraud risk assessment process to identify fraud risks within the organization.
This is a hands-on course that focuses on the steps an organization can take in order to effectively manage fraud risk and related consequences.
Expected Outcome
By the end of the course, the participants will be able to:
- Explain the causes and drivers of fraud.
- Explain the auditors r ole in fraud risk management.
- Explain fraud prevention management and reporting process.
Coverage
- Fraud awareness.
- The International Professional Practices Framework (IPPF) for Practice of Internal Auditing (Standards) on Fraud.
- Internal Audit Responsibilities on fraud.
- Fraud Risk Assessment.
- Fraud Prevention and Detection.
- Fraud investigation.
- Internal controls.
Program Outline
Day 1
| TIME | COVERAGE |
| 8.00 – 8.30 ( as people arrive) | Registration |
| 8:30 9.30 | Fraud awareness:
The fraud triangle. Causes & drivers of fraud Types of fraud. Recent trends: Case studies |
| 9.30-10.30 | Fraud indicators
Behavioral indicators. Process indicators. Performance management indicators. Red flags. |
| 10.30 10.50 | TEA BREAK |
| 10.50 11.50
|
Types of Fraud
Forgeries & counterfeits Financial transactions. Financial reporting Money laundering |
| 11.50 1.00 | Types of Fraud
Procurement.
|
| 1.00 2.00 | LUNCH |
| 2.00 – 3.30 | Case studies on fraud:
Financial Services. Manufacturing. Trade. Public sector. |
| 3.30 – 3.50 | TEA BREAK |
| 3.50-4.50
|
The International Professional Practices Framework
(IPPF) for Practice of Internal Auditing (Standards) on Fraud Purpose Scope Application |
| END OF DAY ONE |
Day 2
| TIME | COVERAGE |
| 8.00 – 8.30 ( as people arrive) | Registration |
| 8:30 9.30 | Roles & Responsibilities for Fraud
Regulators Board of Directors. Risk/Audit committee |
| 9.30-10.30 | Roles & Responsibilities for Fraud
Management. Legal counsel. Employees |
| 10.30 10.50 | TEA BREAK |
| 10.50 11.50
|
Roles & Responsibilities for Fraud
Professional associations. Clients Suppliers |
| 11.50 1.00 | Roles & Responsibilities for Fraud
Fraud investigators. ICT Service providers |
| 1.00 2.00 | LUNCH |
| 2.00 – 3.30 | Roles & Responsibilities for Fraud
|
| 3.30 – 3.50 | TEA BREAK |
| 3.50-4.50
|
Fraud: Internal Audit Responsibilities
|
| END OF DAY ONE |
Day 3
| TIME | COVERAGE |
| 8.00 – 8.30 ( as people arrive) | Review of Day 1 |
| 8:30 9.10.30 | Fraud Risk Assessment
|
| 10.30 10.50 | TEA BREAK |
| 10.50 11.50
|
Fraud Prevention and Detection
Fraud training Fraud detection Fraud policy |
| 11.50 1.00 | Fraud Investigation
|
| 1.00 2.00 | LUNCH |
| 2.00 – 3.30 | Internal controls
Preventive controls Detective controls Corrective controls |
| 3.30 – 3.50 | TEA BREAK |
| 3.50-4.50
|
Case studies
Internal Fraud External Fraud |
| END OF DAY THREE |
Dolphins Training & Consultants ltd
View Park Towers ,10th Fl ,Utalii Lane & L584-off UN Avenue, Gigiri.
P O Box 27859 00100 Nairobi, Kenya Tel +254-20-2211362/4/5 or 2211382 Cell+254-712-636404
training@dolphinsgroup.co.ke www.dolphinsgroup.co.ke
Your No.1 Corporate Training Partner DIT No./ 711
We push the human race forward and so do you….. Unleash Your True Potential….!