Risk based fraud identification and control

Our course is designed to help organisations find workable fraud prevention strategies and address systemic problems that may perpetuate fraudulent activity.

The fact is that, although complete fraud prevention is the ideal goal, the constraints that such control would place upon the conduct of day-to-day business would be restrictive and impractical.

Plus, despite innovative software, CCTV and other security measures, internal fraud and breaches of security may persist. This means that the focus of fraud prevention may be best directed at personnel.

The way forward is to develop policies of organisational governance that promote both flexibility as well as good practice.

This may mean, for example, an analysis of fraud sanctions and penalties, posing questions, such as: Are they proportionate or counter-productive? Do they in fact exist to the detriment of the organisation? Are the organisation’s inadvertently systems serving to promote fraudulent activity?

We demonstrate how to apply a risk-based audited approach to all forms of control such as corporate fraud and corruption policies, procedures for investigation and discipline or prosecution based upon potential loss or harm to organisations.

To discuss a specific training requirement, please contact Xact

Target audience

All involved with management, audit and fraud risk management

Aim

To enable delegates to identify potential fraud risks and establish balanced control strategies

Course content

Delegates should be able to:

  • describe the Fraud Risk Management Process
  • discuss why employees commit fraud
  • understand the terms "vulnerability" and "threat"
  • identify vulnerabilities and threats within processes and activities
  • establish proportionate controls and treatments
  • describe the purpose of internal investigations and reviews
  • discuss risk scoring principles and profiling of activity
  • describe a risk-based strategic anti-fraud and corruption policy
  • understand the principles of an anti-fraud culture

Delivery

The sessions will be delivered using a mix of PowerPoint presentation, flipchart explanation, group discussion, practical examples and case studies to reinforce leaning

Example of other fraud courses:

Fraud Act 2006
To enable delegates to identify and prove offences under the Act

Fraud awareness and prevention
To enable delegates to check the authenticity of documentation thoroughly and use basic communication and questioning skills

Fraud Investigation Management
To enable delegates to conduct lawful and effective fraud investigations

Continuing Professional Development

Delegates can receive continuing professional development hours when attending our courses, certified by the CPD Certification Service.

 

Fraud support information
Support information for fraud investigators