Internal Auditing for Fraud Prevention

OBJECTIVE:

Appropriate for auditors of all levels, this workshop focuses on monitoring activities, understanding the nature of fraud and how it manifests itself, internal audit’s role in detecting fraud and audit steps to detect fraudulent activities.

CONTENTS:

* Overview of Fraud
– Define fraud and its core elements
– Managing Fraud Risk
– Types of fraud and fraud schemes

* Create a Profile of a Fraudster
– Identify who commits fraud
– Components of the fraud Triangle
– Steps in Community fraud
– Motivations of a fraudster
– Deconstruct a fraud scheme

* Create a Proactive Internal Audit Approach
– Fraud Risk Assessment Process
– Integrate Fraud Audit Techniques
– Internal Control
– Audit Plan

* Fraud Auditing Techniques
– Common Red flags, Symptoms and Relationships
– Identify conditions that may indicate fraud
– Interpret Test results
– Create Monitoring Activities based Tests and Findings

* Respond to indications of Potential Fraud
– Fraud Investigation
– Regulatory Standards

* Audit Report Structure
– Construct an Audit Report
– Formats to write an Audit observation
– Rephrase Technical Terminology
– Write with Readability and Conciseness

FOR WHOM:
Corporate Internal Auditors, IT Managers and other Managers/Officers who perform related functions in 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: 11th – 14th Mar,2025
2ND BATCH: 16th – 19th Sept,2025