Fraud Risk Management Techniques for Internal Auditors

In this course participants will learn the specifics of fraud and fraud risk management. They will understand the most common types of fraud such as manipulation of assets, financial statement fiddling, and corruption. The course will focus on how organizations can counter fraud as part of their risk management initiatives, including:

• Identifying, assessing and managing fraud risks;
• Entrenching fraud risk management culture in organizations;
• Developing systems of internal control that mitigate fraud risks;
• Responding to identified cases of fraud;
• Using of technology in fraud risk management

CONTENT

Concepts

• why manage fraud risk
• forms of fraud
• roles and responsibilities in managing fraud risk
• Fraud risk and the law

Fraud Risk Management & Risk Management Frameworks

• Fraud in the context of Risk Management
• Risk Management Frameworks; Fraud risk Management Framework
• Fraud Risk Governance, Policies & Guidelines

Fraud Risk Assessment, deterrence and control

• Fraud prevention and deterrence techniques;
• Risk Assessment & Control;
• Fraud detection methods and tools; and response

Fraud in the Era of Technology

• Impact of technology on fraud
• Technology use in Fraud Risk Management
• Frauds related to operational matters

FOR WHOM:

Internal and external Auditors, Governance, risk and compliance officers, Managers, Fraud examiners & investigators, Accountants & financial analysts.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.