Fraud Risk Management Techniques for Internal Auditors

OBJECTIVE
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.
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: 28th – 31st Jan,2025
2ND BATCH: 24th – 27th June,2025