Fraud Risk Course

COURSE DESCRIPTION
This course will examine the most likely and anticipated fraud schemes to occur as a result danger and how to prevent and detect new and emerging fraud and fraud risk. It will look at the changes in pressure and opportunity for fraud as related to the significant changes being experienced and what organizations should be doing to prepare and deal with increased fraud risk.

LEARNING OBJECTIVES
• What’s changed and why it will provide opportunity for fraud
• What auditors, accountants, fraud examiners should be looking at in their organizations
• What individuals should be concerned about personally
• Things we can all do to fight fraud

COURSE OUTLINE
The Most Anticipated Fraud Schemes Due to Danger
• Business Email Compromise
• Third-party Schemes
• Government Stimulus Programs
• Charity and Fundraising
• Phishing and Smshing
• Cyberbreaches
• Unemployment

Understanding the Change in Opportunity for Fraud
• Changes to processes and the control environment
• “Short-term” workarounds, exceptions and adaptations
• Reduced oversight and governance
• Changes in supply change, vendor processes

Understanding the Change in Pressure to Commit Fraud
• Change in professional and personal interactions
• Fear – financial, health, job security
• Unrealistic expectations and goals

Fraud Prevention, Detection and Deterrence after Danger
• Anti-fraud programs
• Updating policies, procedures
• Monitoring and reversing short-term exceptions and workarounds

FOR WHOM:
Internal audit and external staff and management, Internal control professionals, Accountants, Operations staff.
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: 21st – 24th Jan,2025
2ND BATCH: 17th – 20th June,2025