Fraud and corruption impacts negatively most organizations in terms of financials, reputation and psychological. There is no doubt that instances of fraud in all sectors show an increasing trend, particularly in key financial/operational areas such as procurement. As a threat to business, fraud must rank as one of the key risks to be managed.
Fraud encompasses a wide range of illicit practices and illegal acts involving intentional deception or misrepresentation. The Institute of Internal Auditors’ International Professional Practices Framework (IPPF) defines fraud as: “… any illegal act characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the threat of violence or physical force. Frauds are perpetrated by parties and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage.”
Corruption” is defined as being a dishonest activity in which a director, executive, manager, employee or contractor of an entity acts contrary to the interests of the entity and abuses his/her position of trust in order to achieve some personal gain or advantage for him or herself or for another person or entity, e.g. false invoicing, material and deliberate misstatement of accounting information, secret commissions, collusive tendering, tax evasion, engaging in misleading and deceptive conduct.
All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and images of many organizations around the globe.
During the seminar attendees will gain a good understanding of how to assess fraud and corruption risks, how to look for indications and “red flags” that might dive them directly to fraud cases. In addition they will learn practical methods to investigate fraud and corruption cases, how to collect and secure the necessary audit evidence and the preparation of fraud audit report. Attendees will also understand practical approaches to enhance the Internal Controls of their organization in order to prevent fraud and corruption from happening. Furthermore they will understand how a typical fraud audit report is prepared presenting real cases reports of fraud and corruption cases.
Who Should Attend
The seminar will be helpful to all officers and staff working in Internal Audit Units (Chief Audit Executives, Audit Directors, Audit Supervisors, Audit Managers, and Staff Auditors), officers working in Compliance Units, officers working in Risk Management Units, External Auditors, Audit Committee members.
For more information please download the course content.
Participants can choose to attend the course and will receive a certificate of attendance indicating successful participation indicating topics covered
If you need help completing the online registration form, please give us a call at 2227 4470 or email us at firstname.lastname@example.org
Trainer: Konstantinos P. Triantafyllidis
Past President of the Greek Institute of Internal Auditors (IIA Greece) for the period 2003-2008.
Mr. Triantafyllidis is a graduate of the Athens Economic University in Economic Science and holds an MBA in Banking.
He is currently an Internal Audit consultant while he has over 30 years’ experience in external auditing, internal auditing in the banking sector and as Internal Audit Manager in various subsidiaries of Greek Banking Groups. Additionally he has obtained significant further training and practice in Internal Control Systems, Internal Audit and Risk Management and global best practices in auditing . He is a Certified Internal Auditor (CIA), a Certified Financial Services Auditor (CFSA) and possesses the Certification in Control Self-Assessment (CCSA). Furthermore he is a Certified Fraud Examiner (CFE) and Accredited Valuator of the Audit Activity by the International Institute of Internal Auditors (The IIA) a field where he is very actively involved. He is member of the External Quality Evaluators of Internal Audit Units of Eurozone’s Central Banks.
He has participated in a large number of international and domestic seminars, conferences and events as an instructor and as a representative of the Greek Institute of Internal Auditors. He has extensive training experience in internal audit topics and serves for many years as exclusive trainer of the Greek Banking Association.
He is the past President of the Greek Institute of Internal Auditors (IIA Greece, 2002-2008) and member of the Audit Committee of the Greek Ministry of Economics.