Fraud Detection and Prevention: Key Internal Controls
Fraud Prevention and Detection: Key Internal Controls
This course covers ways to create risk statements, assess fraud risk, and verify the necessary controls are in place. It also provides information on fraud deterrence and detection in high-risk business processes.
Upcoming start dates
Suitability - Who should attend?
Financial, operational, IT and external auditors; audit managers; corporate attorneys; information security professionals; risk management personnel and line managers who need to gain an understanding of how to successfully mitigate fraud risk in their organizations.
Prerequisites
- None
Outcome / Qualification etc.
NASBA Certified CPE: 16 Credits Auditing
Fraud Audit and Investigation Certificate
What You'll learn
You will learn best practices for creating an anti-fraud program, help management implement these programs, and ways to support organizational efforts to promote ethical conduct.
Course Objectives
The learner will be able to:
- Define fraud and different fraud theories
- Analyze and apply fraud theories to diverse situations
- Interpret behaviors to determine what psychological factors are indicative of fraudulent activities
- Classify fraud and fraud schemes into categories to better assess how to manage their risk
- Identify specific strategies for prevention and detection of fraud
- Determine the steps to take when using the fraud risk assessment to define the scope and potential risk to an organization
- Develop, implement, and evaluate internal controls in key business processes
Training Course Content
- Overview and Introduction
- The Major Categories of Fraud
- Various Strategic Responses to Fraud Risk
- The Fraud Risk Structure
- Fraud Prevention Strategies and Techniques
- Strategies for Detecting and Deterring Fraud
- Fraud Risk Assessment
- Fraud Risk Mitigation in Disbursements
- Fraud Risk Mitigation in Procurement
- Fraud Risk Mitigation in Payroll
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