Internal Control & Fraud Prevention

One of the ways that we can combat fraud within our business is by the strong use of internal control. Here we will discuss how the internal control of people, processes, and technologies must all play a part in the fight against fraud. 

This training course on Internal Control & Fraud Prevention highlights the challenges every business and individual face in ensuring safe Internal Controls. Looking at all areas that can be affected by Fraud, it will highlight the risks now faced by the world of business and methods to protect us against them.

This GLOMACS training course will highlight:

• Different kinds of fraud
• Who commits Fraud and Why?
• Risks and Risk Analysis for Fraud
• Internal Controls to combat Fraud
• Hacking business systems
• Investigating Fraud within the business

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

• Understand Fraud, Who commits it, and Why?
• Understand Risk and How to assess it
• Know Why Internal Controls are needed and How to decide which to employ
• Understand how easy it is to Hack your systems
• Be equipped to investigate Fraud properly
• Ensure your IT and computer systems are effectively monitored
• Understand how clever and advanced organised-crime, can be the threat posed to your business
• Safeguard yourself and your business

Participants in this Internal Control & Fraud Prevention training course will receive thorough training on the subjects covered by the training course outline with the instructor utilising a variety of proven adult learning teaching and facilitation techniques. The highly interactive and participative training methodology includes case studies, exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter.

This Internal Control and Fraud Prevention training course will benefit organisations in all business sectors by:

• Enhancing appreciation of the increasing Risk of Fraud
• Increasing awareness and, therefore, the safety of the business
• Showing employees where to look for weaknesses in their Systems
• Giving them the tools and techniques to better assess the Risk of Fraud
• Showing them how to detect Fraud and thereby stopping further instances

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

• Know how to recognise those within the business that may commit Fraud
• Learning about and Evaluating the fraud risks
• Understanding why we need Internal Control
• Understand the Controls that can be used
• Investigation Techniques to help you find that Fraud

This GLOMACS training course is suitable for 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
• Anybody who is using technology for business
• Members of fraud teams who need to learn more about targeting internal fraud
• Managers needing a broader understanding of how Fraud will attack their business

DAY 1

 Understanding Fraud 

• Knowledge Check 
• What is fraud?
• Who commits fraud?
• The Fraud Triangle
• Fraud in the Digital World

DAY 2

Risk and What to Look For

• What is Risk?
• Methods of Risk Analysis
• Identification of Risk Exposure (The 4 T’s)
• Risk Register
• Managing Risk

DAY 3

Internal Controls

• Internal Control as a Positive Process
• Pressure on Internal Controls
• Systems Development and Risk to Controls
• COSO – Internal Control Integrated Framework
• 3 Types of Control – Preventative, Detective and Corrective
• Information Security

DAY 4

Hacking Your Business

• All things are Hackable
• Hacking Biometrics!
• Everything Connected – Insecurely
• Loss of Privacy
• Hacking Your Home and Business (These can be connected!!)

DAY 5

Investigating and Finding Fraud

• Investigation Methods (Overt and Covert)
• What is Evidence? 
• Collecting the Proof
• When to include Law Enforcement
• Wrap up Discussion about the Weeks Work

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com