Fraud Prevention and Detection

Banking and Financial Services

Course Overview

Fraud has become a serious concern for both commercial and non-profit organization across the whole world. According to a study by the Association of Certified Fraud Examiners and researchers, over 10 percent of all non-profit organizations / groups fail victim to occupational fraud. Awareness about fraud and embedding anti-fraud procedures in the system of your organization can have significant impact on the sustainability of your organization in the long term.

This training course will help you to learn why people commit fraud, how to identify fraud risks, establish an anti-fraud culture and ensure fraud awareness in your organization. This training course will explain how to build a robust fraud risk management program and how to integrate anti-fraud initiatives in to your fraud risk management program.

This comprehensive seminar will help you to develop a world class fraud prevention programme, target key fraud risks by using proven fraud detection techniques and implement effective procedures to investigate fraud and malpractice. 

Course Objectives

  1. To assist everybody to understand what constitutes fraud and corruption 

  2. Identifying the weaknesses in the systems and controls 

  3. What are the different types of fraud which we face today 

  4. How to prevent fraud 

  5. Identify the profiles of likely fraudsters 

  6. Evaluate the fraud risks 

  7. Develop a cybersecurity fraud prevention programme 

  8. Target identity fraud 

  9. Develop an anti-corruption strategy 

  10. Understand Why traditional controls are unlikely to protect you against fraud 

  11. Put yourself in the mind of the fraudster 

  12. Update the code of conduct to provide additional protection 

  13. Use data analytics techniques to detect fraud 

Course Outline

Module 1: Fraud and the law 

  • What is fraud according to the law  
  • Collusion 
  • Prosecution 

Module 2: Types of fraud 

  • Procurement fraud 
  • Computer aided fraud 
  • Computer fraud 
  • Recruitment and payroll fraud 
  • Payment fraud 
  • General fraud

Module 3: Risk analysis

  • Identifying fraud risks 
  • Rating the risks 
  • Defining risk indicators 
  • Mitigating actions 
  • Risk effect 
  • Contingent action 
  • Practical exercise 

Module 4: Investigating fraud 

  • Collecting evidence 
  • Preparing for hearing 
  • Involving forensic auditors 
  • Maintaining staff morale 
  • Implementing zero tolerance 

Module 5: Corporate governance 

  • The role of the board 
  • Executive management responsibility 
  • Ethical leadership

Module 6: Preventing fraud

  • The reasons why people commit fraud 
  • Control mechanisms 
  • Leadership 
MagnaSkills
Study Online

From $ 250.00

1 Week Face to Face Classes

From $ 2500.00

1 Week Face to Face Classes

From $ 3200.00

Course Features
  • 7114 Views
  • 8 Weeks Online
  • 1-2 Weeks Classes
  • Certified

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