Internal Control & Fraud Prevention

Introduction

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

Objectives

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

Training Methodology

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.

Organisational Impact

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

Personal Impact

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