Course description
Fraud should not happen, but it does. It can happen at the highest to lowest levels in an organisation. Recent surveys show that incidents of fraud are not decreasing. Fraud costs companies money and, perhaps even more importantly, reputational damage.
The losers are not just the shareholders, suppliers, customers, etc, but society as a whole.
This programme shows why frauds happen, how organisations put themselves at risk and what they can do to prevent it.
Upcoming start dates
Suitability - Who should attend?
This programme is ideal for directors, senior management teams, senior finance personnel and internal auditors.
Auditors in private practice would also benefit.
Outcome / Qualification etc.
- The motives for committing fraud
- Directors’ responsibilities for identifying and reporting fraud
- What types of frauds there are
- How frauds are perpetrated
- How they can be prevented
- How regulators deal with fraud
Above all, the principal objective of this programme is to help make your organisation as secure as possible from the threat of fraud.
Training Course Content
1 Motives for committing fraud – drivers of fraud
Session objective: to understand why people might commit fraud- Drivers of fraudulent behaviour
- Ambition
- Greed
- Theft
- Conceit?
- And more!
2 Accounting mechanisms that allow fraud
Session objective: to review the elements of the accounting, internal control and management processes that allow creative accounting- Income or liability?
- Asset or expense?
- Coding errors and misclassification
- Netting off and grossing up
- Off-balance sheet items
3 Structures that allow fraud
Session objective: to consider company and trading structures that allow frauds to be perpetrated- Group structures
- Trading structures
- Tax havens
- Importing and exporting
4 Interpretations and other non-compliance that allow fraud
Session objective: to look at how creative interpretations of law and accounting practice may permit fraud- The place of accounting standards
- Accounting policies
- Trading methods
- The place of auditing standards
5 Money laundering
Session objective: to review what constitutes money laundering- Types of money laundering
- Identifying laundering
- Preventing laundering
6 Preventing fraud – proper management structures
Session objective: to review the place of proper corporate governance- Corporate governance
- Company management structure
- Audit committees
- The place of internal audit
7 Preventing fraud – proper accounting
Session objective: to review best accounting and auditing practice- Accounting standards
- Internal accounting policies
- Adequacy of internal controls
- Internal audit
8 Preventing fraud – regulation
Session objective: to look at how regulators aim to prevent fraud- The regulatory environment
- Financial services regulation
9 Conclusion
- Course review
- Open forum
- Close
10 Course summary – developing your own cost action plan
- Group and individual action plans will be prepared with a view to participants identifying their cost risks areas and the techniques which can be immediately applied to improve costing and reduce costs
Course delivery details
The course material has been developed to meet the needs of many successful companies by supporting their management improvement programmes.
The programme can be tailored to meet the needs of the public sector, voluntary organisations and charities.
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The In-House Training Company
We offer top-quality in-house training, in a wide range of subjects, at sensible prices. All of our programmes are delivered by independent subject specialists who also have outstanding training skills. We have rigorous standards and only work with the very...