Fraud Prevention,
Detection and Investigation

INTRODUCTION

• Did you know that it is estimated that fraud cost the world economy more than 3 trillion dollars in 2018?
• Would you know if fraud was occurring in your organisation now?
• Do you know what the major fraud risks are in your business?
• Does your organisation have a fraud prevention strategy?
• Do you have a formal programme to tackle the risk posed by fraud?
• Do you have the use of any automated fraud detection techniques?
• If fraud is suspected do you have a clearly defined approach for managing the investigation?

If you have answered “no” to any of the above questions you are not alone.

Recent surveys have revealed that many organisations do not have a formalised approach to fraud prevention, detection or investigation.

This GLOMACS training course on Fraud Prevention, Detection and Investigation will help you to:

• Evaluate the likely frequency of cost of fraud in your organisation
• Develop a world-class fraud prevention programme
• Assess fraud scenarios by means of actual fraud cases
• Target key areas of fraud with proven detection techniques
• Significantly reduce the opportunities for corruption

Objectives

After completing this training course, you will be able to:

• Evaluate and challenge management’s fraud risks
• Understand how a fraudster thinks
• Apply successful techniques to help prevent fraud
• Promote an effective fraud prevention process
• Adopt data mining as a fraud prevention and detection tool
• Apply an effective fraud investigation process
• Apply audit skills to fraud investigation
• Spot when someone is not telling you the truth

Training Methodology

• This is a basic / intermediate level course and delegates are not required to have any previous experience in fraud prevention or detection to attend
• There are no minimum educational requirements
• No advance preparation is required
• Delivery method – Group-live (with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter)
• A short examination will be given at the end of the course

Organisational Impact

This Fraud Prevention, Detection and Investigation training course will benefit organisations in all business sectors and will provide both public and private owned businesses with a much greater appreciation of the ever increasing risk posed by fraud, and how to deal with these threats.

This training course will enable organisational knowledge to be enhanced in the following areas:

• The breadth and impact of fraud risks, especially on business reputation
• The range of fraud indicators
• Achieving a cost-effective balance between prevention and detection
• The legal implications
• The need for vigilance
• Developing an anti-fraud policy

Personal Impact

This training course will enable delegates to enhance their personal knowledge in the following disciplines:

• Evaluating the fraud risks
• Using interrogation techniques to detect fraud
• Developing an effective fraud mitigation programme
• Completing a successful fraud investigation
• Delivering fraud awareness sessions to management

WHO SHOULD ATTEND?

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

• Newly Appointed Fraud Specialists
• Managers needing a broader understanding of how to investigate all types of fraud
• Auditors who need to learn about the most modern approaches to fraud prevention and investigation
• Members of fraud teams who need to learn more about targeting internal fraud
• Managers needing a broader understanding of how to prevent and detect fraud