Mastering Fraud Prevention, Detection, and Investigation Training Course Event, 30.Dec.2024

Course Overview:

The course is designed to provide professionals with the advanced skills and knowledge necessary to combat fraud effectively. This course offers complete insights into fraud prevention, detection, and investigation techniques, ensuring participants are well-equipped to identify and mitigate fraud risks within their organizations. The curriculum encompasses critical areas such as anti-fraud governance, fraud risk assessment, and fraud management frameworks. Participants will learn to develop robust anti-fraud strategies, understand fraud risk tolerance levels, and implement effective fraud controls and accountability measures. The course also emphasizes the importance of internal controls for fraud prevention, whistleblower protection policies, and disciplinary measures for fraud.

Target Audience:

• Compliance Officers
• Internal Auditors
• Risk Management Professionals
• Financial Controllers
• Corporate Investigators
• Legal Advisors
• Senior Managers

Targeted Organizational Departments:

• Compliance and Risk Management
• Internal Audit
• Finance and Accounting
• Legal and Corporate Governance
• Human Resources
• Procurement
• IT and Cybersecurity

Targeted Industries:

• Banking and Financial Services
• Insurance
• Healthcare
• Government and Public Sector
• Retail
• Manufacturing
• Telecommunications
• Energy and Utilities

Course Offerings:

By the end of this course, participants will be able to:

• Define and understand the various types of fraud and presumptive fraud.
• Develop and implement effective fraud management frameworks.
• Establish anti-fraud governance and leadership strategies.
• Conduct complete fraud risk assessments and determine risk tolerance levels.
• Implement robust anti-fraud strategies and action plans.
• Utilize internal controls for fraud prevention and accountability.
• Protect whistleblowers and manage fraud complaints effectively.
• Conduct thorough and timely fraud investigations.
• Apply appropriate disciplinary measures and sanctions for fraud perpetrators.
• Report on anti-fraud activities and learn from experiences.
• Collaborate and coordinate with other entities in anti-fraud efforts.

Training Methodology:

This course is designed to ensure a highly interactive and engaging learning experience. Participants will benefit from a blend of theoretical and practical sessions, including case studies, group work, interactive discussions, and feedback sessions. Real-world scenarios will be used to illustrate key concepts and techniques, enabling participants to apply their learning in practical settings.

Course Toolbox:

• complete workbooks
• Fraud risk assessment templates
• Anti-fraud policy development guides
• Online resources and reading materials
• Case study materials

Course Agenda:

Day 1: Understanding Fraud and Establishing a Framework

• Topic 1: Defining Fraud
• Topic 2: Defining Presumptive Fraud
• Topic 3: Introduction to Fraud Management Frameworks
• Topic 4: Fraud Policy Development
• Topic 5: Assigning Roles and Responsibilities
• Topic 6: Building an Anti-Fraud Culture and Fraud Awareness
• Reflection & Review: Reflect on the day's learnings and review key points.

Day 2: Conducting Fraud Risk Assessments

• Topic 1: Status of Fraud-Specific Risk Assessments
• Topic 2: Determining Fraud Risk Tolerance Levels
• Topic 3: Fraud Risk-Sharing Strategies
• Topic 4: Developing Anti-Fraud Strategies and Action Plans
• Topic 5: Accountability Frameworks for Fraud Control
• Topic 6: Implementing Internal Controls for Fraud Prevention
• Reflection & Review: Reflect on the day's learnings and review key points.

Day 3: Implementing complete Anti-Fraud Controls

• Topic 1: Codes of Conduct and Ethical Standards
• Topic 2: Financial Disclosure and Declaration of Interest Programs
• Topic 3: Anti-Fraud Due Diligence: Screening of Staff and Third Parties
• Topic 4: Updating Legal Instruments for Third Parties
• Topic 5: Automation of Fraud Controls
• Topic 6: Role of Internal Audit in Fraud Detection and Control
• Reflection & Review: Reflect on the day's learnings and review key points.

Day 4: Managing Fraud Complaints and Investigations

• Topic 1: Whistleblower Protection Policies
• Topic 2: Whistleblower Hotlines
• Topic 3: Protection Against Retaliation
• Topic 4: Centralized vs. Decentralized Reporting Mechanisms
• Topic 5: Timeliness, Capacity, and Quality of Investigations
• Topic 6: Investigations of Third Parties and Joint Investigations
• Reflection & Review: Reflect on the day's learnings and review key points.

Day 5: Disciplinary Measures, Sanctions, and Performance Reporting

• Topic 1: Disciplinary Processes for Staff Members Committing Fraud
• Topic 2: Challenges of Pursuing Perpetrators
• Topic 3: Vendor Sanction Regimes
• Topic 4: Sanctioning of Implementing Partners
• Topic 5: Sharing Information on Sanctioning of Third Parties
• Topic 6: Reporting on Anti-Fraud Data and Activities
• Reflection & Review: Reflect on the day's learnings and review key points.

How This Course is Different from Other Fraud Training Courses:

The “Mastering Fraud Prevention, Detection, and Investigation Training Course” stands out due to its complete and practical approach to combating fraud. Unlike other courses, this program provides a deep dive into all aspects of fraud prevention, detection, and investigation, ensuring participants gain hands-on experience and practical skills. The course's emphasis on anti-fraud governance, fraud risk assessment, and management frameworks sets it apart, as does its focus on internal controls, whistleblower protection, and disciplinary measures.