Afriex Development Institute

FRAUD AND FORENSIC AUDITING

INTRODUCTION

This Fraud & Forensic Auditing training course is designed for those who wish to learn about the most common white-collar crime in business – fraud. Fraud is a phenomenon encompassing the fraud triangle – opportunity, rationalization and pressure – which includes many human psychological components. This training course is designed to dive deep into the why, the how and the who, as we discuss what the typical fraudster ‘looks like’ and why they decide to perpetuate a crime against a company.

Upon studying the various ways in which white collar criminals do their work, the outline reviews, with real examples, the ways in which companies combat fraud, in both preventive and detective ways. Further, we explore some of the more common types of fraud discovery, including the use of big data and analytics tools, through case study. Finally, we look at ways in which internal controls can help or hinder fraud prevention via the use of hands on exercises where you design the fraud control. Come learn about how to protect your company’s assets against white collar crime.

DURATION

5 days

OBJECTIVES

v  At the end of this training course, you will learn to:

v  Identify the signs of possible fraud within the workplace

v  Select the appropriate audit procedures to be followed in conducting a fraud audit

v  Select and explaining the areas of risk and exposure to fraud in a company situation

v  Describe the various remedies available to those who suffer a loss through fraud

v  Utilize cutting-edge tools in fraud discovery and prevention

TARGET AUDIENCE

All people, all ages, all places around the globe and at all levels within an organization can benefit from fraud training. Fraudulent behavior favors no single type or size of organization and as such, fraud a topic important to anyone with an association to a business, not-for-profit or organization that has assets. That being the case, these people tend to have the most interest in fraud topics:

v  Middle-level and Upper Management within small, medium and large companies

v  Internal Auditors

v  Compliance / Security Officers & Staff

v  Front-line Staff at any organization

 COURSE OUTLINE

Self-Awareness and Identification

v  Understanding the Nature of Fraud

v  Reflecting on Why People Commit Fraud

v  Studying the Fraud Triangle

v  Reviewing the Financial and Personal Vices often leading to Fraudulent Behavior

v  Profiling a Fraudster

Beginning to Identify & Detect

v  Understanding Fraud Measures in Your Organizations

v  Discussing the Ways in which companies Fight Fraud Today

v  Considering the Gaps in Internal Control Structure

v  Identifying Preventive Fraud Controls

v  Identifying Detective Fraud Controls

Reporting & Investigating

v  Recognizing the Symptoms of Fraud

v  Appreciating Whistle-blowing within Organizations

v  Following up to Fraud Reports by Whistle-blowers

v  Investigating the Purported Fraud

v  Using Data-driven Fraud Analysis Techniques (Introduction)

Data-Driven Analysis

v  Using Data-driven Fraud Analysis Techniques

v  Using Data-mining Software and Procedures

v  Grinding through the Data and Discovering the Gold Nuggets

v  Investigating Theft Acts

v  Investigating and determining of concealment has taken place

Interview & the Specifics of Financial Statement Issues

v  Inquiring Methods and Fraud Reports

v  Interviewing Techniques & Tricks

v  Understanding Financial Statement Fraud

v  Understanding Revenue / Inventory-related Fraud

v  Understanding Other Types of Fraud

v  Understanding Consumer Fraud

 TRAINING METHODOLOGY

The instructor of Fraud and Forensic Auditing training course uses a combination of traditional lecture, case study and collaborative discussion for course delivery. The instructor’s preference is that much of your learning comes from other participants through guided discussion. An interactive classroom makes the course more interesting. Therefore, the instructor will frequently use group exercises and case study to encourage participation. The instructor expects participants to fully engage and participate, even if not expert on the topics. This is not a passive training course.

TRAINING VENUE, LOGISTICS AND PAYMENT

v  Training is residential and will be held at Afriex Training Centre.

v  The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

v  Accommodation and airport transfer are arranged upon request by the participant.

v  This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.

v  For further inquiries, please contact us on training@afriextraining.org

v  Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to training@afriextraining.org

v  Upon successful completion of this training, participants will be issued with an Afriex Training Ltd.