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.
Course Program |
Time |
Topic |
| Day 1 |
08:00 to 10:00 | Registration & Introduction |
| Day 1-3 |
10:00 to 12:00 | Session One |