Financial Fraud: From Prevention to Examination

Why Attend

Organizations are using finance to plan and communicate the outcomes of their strategic and operational activities. One of the significant threats to not achieving organizations' goals is financial fraud. Attending this course will teach you the nature and causes of financial fraud. You will also understand how designing and implementing proper governance and internal controls would mitigate the risk of financial fraud, in addition to best practices in fraud investigation and reporting.

Course Methodology

This course uses interactive techniques, such as Instructor- and participant-led discussions and brief presentations by the consultant and the participants, in addition to demonstrating theoretical fraud topics. The course also features real-life case studies that participants discuss and present.

Course Objectives

By the end of the course, participants will be able to:

• Define financial fraud and its causes and impacts
• Identify the major types of financial fraud schemes in organizations
• Demonstrate knowledge of financial fraud assessment and prevention controls
• Review financial fraud investigation steps and methodology
• Identify the legal system that applies to fraud 

Target Audience

Managers, supervisors, and staff from any function, including finance, internal audit, risk, and governance departments, who need to improve their financial fraud understanding and best practices for its prevention and examination.

Target Competencies

• Fraud risk assessment and management
• Financial accounting and auditing
• Data analysis and forensics
• Legal and regulatory compliance
• Communication and investigation skills
• Fraud prevention strategies

Introduction to Fraud

• Definitions and related terms
• The fraud triangle
• Understanding criminal behavior
• Corporate governance and ethics
• Codes of conduct
• Bribery and corruption

Financial Transactions and Fraud Schemes

• Asset misappropriation
• Theft of data and intellectual property
• Consumer fraud
• Identity theft
• Financial statements fraud

Fraud Prevention and Deterrence

• White-collar crime
• Management’s fraud-related responsibilities
• Fraud risk assessment
• Fraud risk management
• Fraud prevention
• Ethics for fraud examiners

Fraud Investigation

• Interview theory and application
• Planning and conducting a fraud examination
• Analyzing documents
• Tracing illicit transactions
• Report writing
• Sources of information

The Legal System Governing Fraud

• Overview of the legal system
• Individual rights during examinations
• Basic principles of evidence
• The law related to fraud
• Testifying
• Money laundering
• Bankruptcy fraud