European Institute of Management and Finance | Fraud Detection, Prevention and Auditing
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Fraud Detection, Prevention and Auditing

Fraud Detection, Prevention and Auditing


The environment which most companies must operate nowadays comprises (amongst others) of the risk of fraud, a very determinative risk when arising, that management must face.


This is a critical role in that the effort falls on the Internal Control Systems for the fraud deterrence, and the Internal Audit that needs to have specialized knowledge on fraud issues and use specialized techniques to investigate when it arises.


In addition, Senior Management has the duty to assess the various potential fraud risks and then establish preventive controls in all risky areas setting the Tone at the Top.



Training Objectives


During the seminar, all participants will attain information on numerous fraud schemes, understand how to assess the fraud risk, consider how to recognize “red flags”, look at how to investigate and write the fraud audit report using practical and real-life examples (Fraud Cases).


Participants will learn how to adopt a more critical sceptical mind-set to their engagements, particularly during audit planning and the evaluation of audit evidence. After the seminar participants will approach fraud risks with a more sceptical attitude and questioning mind.



Training Outline


  • Definition of Fraud
  • The role and responsibility of the Internal Auditor according to the Standards for the Professional Practice of Internal Audit
  • Tools for the fraud risk assessment
  • Types of Fraud
  • Characteristics of the perpetrator
  • Common myths about Fraud
  • Fraud indicators
  • Common fraud schemes (theft, misappropriation of assets, purchase and invoicing, payroll, expenses, inventory and other property, information theft, bribing, conflict of interest, financial statement fraud, money laundering)
  • Senior Management Fraud
  • Electronic Fraud
  • Identification and investigation methods
  • Planning the Fraud investigation
  • Interviewing techniques
  • Fraud audit report
  • Fraud and internal control systems
  • Policies and programs for the deterrence of Fraud
  • Strategy for the deterrence of Fraud
  • Fraud cases and controls for prevention
  • Presentation and analysis of a real Fraud Audit Report



Training Style


The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations.


Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace. Most of the training time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar occasions.



Who Should Attend


  • All officers and staff working in Internal Audit Units at all levels(inspectors, internal auditors)
  • Officers working in Compliance Units
  • External auditors
  • Audit Committee members
  • Security professionals
  • Risk Management analysts
  • Line Managers and generally officers that are experienced to Internal Control Systems.