Fraud Prevention & Detection - Essential Techniques to Manage the Risk

Course outline
As the economy downturns, so the risk of corporate fraud increases. To paraphrase Warren Buffet: “It is only when the tide goes out that you can see who has been swimming naked.”  This event takes a forensic but practical approach and benefits from the experience of an expert in this area. It analyses fraud risk and gives you the controls, tools and techniques to manage the risk in a cost-effective, proportionate way. You will learn the most effective ways to prevent, deter and detect fraud. Focussing on the key controls and learning lessions from recent headline scandals (e.g. Madoff & Stanford). Given the damage to profits and reputation caused by corporate fraud, can you afford not to have a best practice anti-fraud framework in place at this time?

Key features
•Fraud theory (definitions, scale, motives and responsibilities, discussion of recent cases)
•Governance dimension (tone at the top, importance of NEDs, fraud as business risk, audit role, ethics)
•Fraud prevention (key controls, hotlines, anti-fraud policy and procedures, 5-Point Plan)
•Deterrence and detection (deterrence mechanisms, forensic toolkit, data mining, covert techniques)
•Procedures for internal and external reporting

Speaker
Steve Giles

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