FRAUD & CORRUPTION INVESTIGATIONS & PREVENTION MASTERCLASS

Unlocking Strategies for Fraud and Corruption Free Future!

October 14-16, 2024, 08:00 AM - 04:30 PM Hotel Al Bandar Rotana, Dubai, UAE
IN-PERSON/WEBINAR

Training Objectives

The objectives of the Masterclass are to educate corporations and employees on Current Fraud and Corruption Trends and to provide an arsenal of the latest techniques to prevent, detect and manage fraud. This training provides the latest technology and videos to not only sensitise employees to what is happening but also “how the fraudster carries out his frauds”. We truly believe that fraud investigators and auditors can only begin to tackle fraud if they understand how the many different types of fraud are carried out.

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Instructor of this course

Simon Padgett

Simon Padgett FCCA, CPA, CFE, MBA.

  • 25 years Forensic Accounting experience
  • FCCA (UK), CPA (Canada), CFE (USA), and MBA from Oxford University
  • Ex-Director BDO Canada, PwC Canada, Protiviti UAE, Ernst and Young South Africa, KPMG Caribbean
  • ACCA Board Member
  • ACFE Board Member
  • Training and Conferences in 42 countries.
  • Written book – Profiling the Fraudster
More Detail

22 CPE Hours


Fraud and Corruption is costing corporations and governments 5% of revenue or spend, according to the ACFE. This equates to US$4.0 trillion per year. This is a worldwide epidemic and can only be tackled by effective Fraud Risk Management and Prevention. The most effective way to manage and combat Fraud is to train Fraud fighters and employees in fraud prevention and identifying key indicators of fraud andinmanaging fraud risk.

You will leave with an understanding of

  • The attendee will gain an appreciation for staying up to date on current trends in cybersecurity
  • We will discuss several aspects of choosing a proper cybersecurity framework
  • The importance of security assessments will also be discussed
  • Learn how to develop an implementation plan using the roadmap concept
  • Best practices for cybersecurity guidance will be discussed
  • Internal Auditors
  • Risk Management professionals
  • Financial Managers
  • Fraud Risk Managers
  • Corporate Fraud Police
  • Banking employees/managers
  • Security experts
  • Practicing Accountants and Auditors
  • Lawyers
  • Government Regulators

This training will attract CPD/CPE credits for those requiring professional training hours.

  • Presentations/lectures
  • Interactive practical exercises
  • Quizzes
  • Individual assignments and interaction
  • Group discussions
  • Feedback discussion of the previous session activities
  • Course material
  • Certificate of Achievement
  • Lunch with coffee/tea break

Course Fee $2,200/Participant

Individual
15% Early Bird Discount $1,870 till Aug 12, 2024
10% Early Bird Discount $1,980 till Sep 16, 2024

Groups/Corporate
2+1 Offer  $4,400 for 3 Participants
3+2 Offer $6,600 for 5 Participants
OR
25%
Discount for Group/Corporate


FRAUD & CORRUPTION INVESTIGATIONS & PREVENTION MASTERCLASS - Course Schedule

Day 1 - Monday 14 October, 2024
SECTION 1 - FRAUD DEFINITIONS, METHODOLOGY AND TRENDS
  • An introduction to fraud and corruption
    • Definition of Fraud
    • Principal Types of Fraud and methodologies
    • Asset Misappropriation
    • Financial Statement Fraud
    • Corruption
    • Understanding Human Behaviour and the decision to steal
  • Current Fraud Trends
    • Worldwide trends in Fraud and Corruption
    • Fraud Statistics
    • A look at some recent Corporate Frauds making history
    • From Pyramid Schemes to Cybercrime

Video – An Interview with a Fraudster in jail and how he did it.

SECTION 2 - FRAUD PREVENTION AND CONTROL
  • Fraud Prevention ProgramsDefinition of Fraud
    • Responsibility for Fraud Prevention
    • Constituent Parts of a Sound Fraud Prevention Program
    • Procedures to Prevent Fraud
    • Fraud Prevention Policy
    • Let’s work through a Fraud Policy for your Organisation
    • Code of Business Ethics and Conduct

Video – Fraud in Australia Post

  • Fraud Risk Assessment
    • What Is Fraud Risk?
    • What Is a Fraud Risk Assessment? Preparing the Company for a Fraud Risk Assessment
    • Executing the Fraud Risk Assessment
    • Responding to Residual Fraud Risks
    • Reporting the Results of the Fraud Risk Assessment
    • The Fraud Risk Register and Heat map
    • The Fraud Risk Assessment and the Audit Process
  • Profiling the Fraudster
    • Understand the Motives
    • Identify and understand the Characteristics of a Fraudster
    • Departments most prone to Fraud
    • Positions most prone to Fraud
    • High Risk Industries

Video. Fraud Risk in Australia Post

Day 2 - Tuesday 15 October, 2024
SECTION 3 - FRAUD INVESTIGATIONS AND DETECTION
  • Procurement, Cheque and Credit Card Fraud
    • Fraud in the Purchase Invoicing Process
    • Cheque Fraud
    • Cheque Fraud Syndicates
    • Cheque Fraud Detection
    • Cheque Fraud Prevention and Investigation
    • Credit Card Fraud
    • Prevention and Detection of Credit Card Fraud

Video. How to Detect Cheque Fraud and How to do it

  • Handwriting and Document Analysis
    • Counterfeiting versus Forgery
    • Forensic methods of analysis
    • Examples and Characteristics of Handwriting and Document Fraud
    • Handwriting exercise. Let’s analyse our own handwriting
    • How to Analyse Paper, ink, Pens and Pencils
  • Interviewing Skills
    • What makes a good Interview and Interviewer
    • The Stages of the Interview
    • Good Interview Questions
    • How to get the Admission
    • Body Language and recognizing non-verbal aspects
    • Role Play Interviews in class
  • Accounting Concepts for Investigating Fraud
    • Analytical Review
    • Accounting Basics
    • Financial Statements and their power to a Fraudster
  • Financial Statement Fraud
    • What Is Financial Statement Fraud?
    • Understanding Financial Statements from a Fraud Perspective
    • Why Financial Statement Fraud Is Committed
    • Trends in Financial Statement Fraud
    • Financial Statement Fraud Schemes
    • What Red Flags Are Associated with Financial Statement Fraud Generally?
    • Financial Statement Analysis
    • Prevention of Financial Statement Fraud
  • Blockchain and Cryptocurrency Investigations
    • Understanding Blockchain
    • What are the Risks
    • Fraud Prevention in the Blockchain
    • Currency flow diagrams
    • Blockchain analytics
    • Wallet Risk Score Ranking
  • Fraud Hotlines
    • The History of Fraud Hotlines
    • The success of Fraud Hotlines
    • How to get the most out of your Fraud Hotline
    • Characteristics of a Successful Fraud Hotline

Video. How to Detect Cheque Fraud and How to do it

Day 3 - Wednesday 16 October, 2024
SECTION 4 - ANTI-MONEY LAUNDERING
  • Anti-Money Laundering
    • Let’s work through an AML case-study
    • Placement, Layering and Integration in practice
    • A typical Money Laundering Scheme
    • Al Capone and the origin of the phrase “money Laundering”
    • Enforcement and Prevention Strategies
    • International Anti-Money Laundering Organizations and Initiatives
    • Some recent cases
    • Bitcoin and its use in Money Laundering
SECTION 5 - CORRUPTION
  • Anti-Bribery and Corruption
    • Bribery and Corruption, Managing the Risk
    • Conflicts of Interest
    • The Foreign Corrupt Practices Act (FCPA)
    • Let’s work through an FCPA Compliance Review
    • The UK Bribery Act
    • The Workings of Transparency International

Video – A Corrupt Banker

  • Some of the World’s Worst Corruption Cases

Video – Net Worth Analysis

SECTION 6 - CYBERCRIME AND INTERNET FRAUD
  • The Importance of Data Analysis in Fraud Detection
    • Big Data
    • Data Mining
    • Data Analysis
    • Using Data Analysis Software
  • Digital Forensics
    • Computer Fraud
    • Conducting an Investigation Involving Computers
    • Computer Investigation and Computer Forensics
    • Forensic Examination, Analysis and Admissibility
    • Digital Forensics Software
  • Integrating Fraud Control into your Internal Control Strategy - The Role of Internal Audit in Managing Fraud
    • ILevels of Internal Control
    • 3 (now 5) Lines of Defence Model
    • A Strategy for Implementation
    • Audit and Assurance as a fundamental Fraud Control
    • Internal Audits Role in the Fight Against Fraud
    • The Role of Internal Audit in Identifying Fraud and Corruption
    • Fraud Investigation Techniques for Internal Auditors
    • Fraud Prevention for Internal Auditors

Video. All the Queens Horses. How one fraudster spent all the city’s money
Closing, Certificate Distribution End of Course

Note:
Please be advised that our course schedule includes two tea/coffee breaks of 10 minutes each, as well as a one-hour lunch break within the 8-hour teaching period. These breaks will be scheduled at the discretion of the trainer to allow for flexibility.