By the end of this programme, participants will be able to:
- Recognize the profiles of potential fraudsters
- Assess fraud risks
- Develop a cybersecurity fraud prevention strategy
- Address identity fraud
- Create an anti-corruption plan
- Understand why traditional controls often fail to prevent fraud
- Adopt the mindset of a fraudster
- Revise the code of conduct to enhance fraud protection
- Apply data analytics to detect fraud
DAY 1
Understanding Fraud Risks
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- Defining Fraud
- Fraud Statistics and Trends
- The Serious Impact of Fraud
- Results from the Association of Certified Fraud Examiners (ACFE) Fraud Survey
- The Financial Costs of Fraud
- Understanding the Fraud Perpetrators
- Common Profiles of Fraudsters
- Fraud Detection Trends and Statistics
- Why Fraud Could Be Happening in Your Organization
DAY 2
Creating a Fraud Prevention Strategy
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- Evaluating Fraud Risk Mitigation Strategies
- Why Traditional Controls May Not Protect You
- Stepping into the Fraudster’s Shoes
- Analyzing Common Fraud Controls
- Identifying Risk Exposures
- Pinpointing Vulnerable Areas
- Understanding Procurement Fraud
- Recognizing Fraud Indicators
DAY 3
Connecting Fraud Prevention and Detection
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- Using Management Checklists for Fraud Prevention
- Thinking Like a Fraudster to Prevent Fraud
- Company Policies on Fraud Consequences
- Encouraging Whistleblowing
- Whistleblowing Policy Essentials
- Weighing the Pros and Cons of External Hotlines
- Collaborating with Specialists for Detection and Investigation
- Preparing and Implementing Fraud Contingency Plans
- Ensuring Fraud Investigations Are Given Priority
- Using Successful Investigations as Deterrents
- Managing External Coverage of Proven Fraud Cases
DAY 4
Fraud Detection and Legal Considerations
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- Understanding Legal Boundaries
- The Legal Implications of Fraud Investigations
- When to Involve Legal Experts
- Protecting Your Work from Disclosure with Legal Privilege
- Ensuring Evidence is Admissible in Court
- The Bribery Act and Its Implications
- Guidance on Gifts and Hospitality
- Recovering Stolen Assets and Ensuring Criminals Don’t Profit
- Handling Disciplinary Actions
- Understanding Employer and Employee Rights
DAY 5
Conducting Fraud Investigations
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- How to React When Fraud is Suspected
- Deciding Who Needs to Be Informed
- Selecting the Right People to Involve and the Necessary Skills
- Maintaining a Low-Profile During Investigations
- Conducting Fraud Investigations Effectively
- What Information Can Be Legally Collected?
- 47 Tips for Conducting Fraud Interviews
- Interview Planning: Essential Dos and Don’ts
- The 10 Key Steps to a Successful Investigation
- Using Fraud Investigations as a Moral Deterrent
