Advanced Internal Controls and Fraud Prevention

OBJECTIVE
This workshop serves as a fundamental to the nature of fraud and methods of prevention in the workplace. Using methodologies that are well planned and coordinated, participants learn how to safeguard company’s assets, checks the accuracy and encourage adherence to processes that will create a transparent environment.

CONTENT
Fraudulent financial statements and reporting
– Symptoms and indications of fraud
– Prevent and monitor fraud

Internal controls
– Overview of internal controls
– Proper documentation
– Segregation of duties
– Physical safeguards
– Analytical reviews

Fraud Prevention
– Hire the right employees
– Fraud audits
– Bonding employees
– Fraud control

Fraudulent financial statements and reporting
– Symptoms and indications of fraud
– Prevent and monitor fraud

Misappropriation of Assets
– Incentives and pressures for fraud
– Opportunities for fraud
– Identifying fraudulent schemes: cash, billing, payroll and expenses

Whistle blowing to promote corporate governance
– Regulations, reasons and benefits of whistle blowing
– Prevent whistle blowing
– Creating a white blowing culture

Effective Internal Control System
– Identifying factors risk
– Effective communication methods
– Monitoring techniques
– Internal control policies

FOR WHOM:
All Internal Auditors and Risk Managers in the Public and Private Sectors.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 27th – 30th May, 2025
2ND BATCH: 9th – 12th Dec, 2025