Empowering Internal Auditors: Advanced Fraud Auditing Techniques

Course Objectives:
• Equip internal auditors with advanced skills and techniques to effectively detect, prevent, and investigate fraudulent activities within organizations.
• Enhance understanding of the latest trends, methodologies, and tools in fraud auditing to strengthen internal controls and risk management frameworks.
• Provide practical insights and case studies to sharpen critical thinking and analytical abilities in identifying red flags and anomalies indicative of fraud.
• Foster collaboration and knowledge sharing among internal audit professionals to develop proactive strategies for combating fraud and mitigating risks.
• Empower internal auditors to serve as trusted advisors to management by delivering actionable insights and recommendations for fraud prevention and detection.

Course Content:
Fundamentals of Fraud Auditing
• Introduction to fraud auditing: concepts, definitions, and types of fraud
• Understanding the role of internal auditors in fraud detection and prevention
• Legal and regulatory frameworks governing fraud investigations
Advanced Fraud Detection Techniques
• Data analytics and forensic accounting tools for detecting fraud patterns and anomalies
• Behavioral red flags and indicators of fraudulent activities
• Advanced interviewing techniques and interrogation skills for fraud investigations
Fraud Risk Assessment and Management
• Assessing fraud risks: identification, evaluation, and prioritization
• Developing fraud risk management frameworks and strategies
• Integrating fraud risk assessments into the internal audit process
Investigative Techniques and Case Studies
• Conducting fraud investigations: planning, evidence gathering, and documentation
• Case studies and real-life examples of fraud schemes and investigations
• Reporting findings and recommendations to stakeholders and management
Fraud Prevention and Compliance
• Implementing fraud prevention measures and controls
• Designing and evaluating anti-fraud policies, procedures, and internal controls
• Ensuring compliance with relevant laws, regulations, and industry standards
Professional Ethics and Reporting
• Ethical considerations in fraud auditing and investigations
• Reporting obligations and responsibilities of internal auditors
• Handling sensitive information and maintaining confidentiality in fraud-related matters

FOR WHOM:
All Internal Auditors who are desirous to know how to fight fraud in their workplace.
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: 18th – 21st Feb,2025
2ND BATCH: 18th – 21st Aug,2025