Corporate Fraud Control and Investigations

16-06-2019 - 20-06-2019 3300 Dubai

 

Course Introduction:

 

This Program is designed to teach a practical understanding of anti-fraud management requirements. The Program covers nine major subject areas and utilizes a variety of training techniques. The key areas of the curriculum include understanding the impact of fraud on organizational value, which is responsible for managing the fraud exposure, the role of corporate governance and ethics in achieving this, and the implementation of anti-fraud measures. The emphasis will be on practical and pragmatic approaches, rather than theoretical.

 

Course Objectives:

 

The goal of this Program is to provide fraud/compliance officers and managers with skills that can be immediately used upon return to the organization. You will learn to appreciate the extent to which organizations and their public officers are exposed to the ever-increasing regulatory environment, how to identify the fraud issues that have the most significance for you and how to introduce a compliance management Program to combat them within your organization.

Why Fraud Control?

·         In all financial markets, the participants are required to have in place measures which will reduce the incidence of criminal behavior... Since news of financial misreporting and outright criminal behavior by firms like Enron, WorldCom, Xerox, etc, the pressure on corporations for more transparency in the management of their fraud exposures is mounting.

·         Learning Objectives:

·         Understand the nature of fraud for your organization and be capable of developing an organizational response to its risks

·         Appreciate the relationship between corporate ethics, governance and fraud, including the market expectation of that relationship

·         Know what drives your fraud exposure both at home and abroad and understand the financial consequences of non-compliance

·         Recognize the importance of developing a culture of compliance as a major tool in fighting fraud

·         Produce a corporate anti-fraud Program tailored to your own organization and learn how to optimize your organizational structure for compliance

 

Who Should Attend?

 

This Program has been developed for professionals responsible for preventing fraud and protecting the interest of their organizations and working in the areas of finance, auditing, security, compliance, anti-fraud, anti-money laundering, risk, legal, accounting, contracts, IT, procurement and purchasing.

 

Course Outline:

 

FRAUD IN THE GLOBAL CONTEXT

·         What is fraud?

·         Extent of fraud

·         Types of fraud (employee embezzlement, vendor fraud, customer fraud, management fraud, investment scams and other consumer frauds)

·         The fraud triangle

 

REGULATORY RESPONSE TO FRAUD

·         Global initiatives

·         US initiatives

·         UK initiatives

·         Other initiatives

 

ETHICS AND FRAUD CONTROL

·         What are corporate ethics?

·         Ethics and corporate accountability

·         Benefits of a commitment to sound business ethics

·         Corporate ethics guidelines

·         Governance and Its Impact on Corporate Fraud

·         What is governance?

·         Governance structures

·         The role of the board in establishing a culture of compliance

·         Protection of shareholder value

                    

FRAUD AND ITS IMPACT ON CORPORATE REPUTATION

·         Is reputation important?

·         Risk and reputation

·         Building reputational value

·         Avoiding exposure

·         Fraud Typologies

 

IDENTITY THEFT

·         Cheques fraud

·         Credit and EFTPOS fraud

·         Other emerging typologies

 

 

INFORMATION AND SECURITY THREATS

·         Why is information security Important

·         Enterprise security threats

·         Response to information security threats

·         Information security control environment

 

WHISTLEBLOWER PROGRAM’S AND FRAUD PREVENTION

·         Review of global legislation

·         Implementation of a whistleblower procedure

·         Whistleblower report response

·         Internal control environment requirements

·         The Fraud Investigation

·         Receipt and analysis of complaint

·         Planning and implementing the investigation

 

COMPLIANCE ENFORCEMENT OPTIONS

·         Briefs of evidence/finalizing investigation

·         Case studies will be used to demonstrate the importance of anti-fraud Programs

 

Course Methodology:

 

A variety of methodologies will be used during the course that includes:

·         (30%) Based on Case Studies

·         (30%) Techniques 

·         (30%) Role Play

·         (10%) Concepts

·         Pre-test and Post-test

·         Variety of Learning Methods

·         Lectures

·         Case Studies and Self Questionaires

·         Group Work

·         Discussion

·         Presentation

 

Course Fees:

 

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

 

Course Timings:

 

Daily Course Timings:

    08:00 - 08:20       Morning Coffee / Tea

    08:20 - 10:00       First Session

    10:00 - 10:20       Coffee / Tea / Snacks

    10:20 - 12:20       Second Session

    12:20 - 13:30       Lunch Break & Prayer Break

    13:30 - 15:00       Last Session

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