Auditing Skills: Fraud Prevention and Detection Techniques

Course Overview

Fraud continues to impact on companies large and small and occurs at all levels within an organisation. Until recently the focus was on employee fraud, but Enron, Worldcom and Xerox have shifted concern to the honesty of senior management. This course covers the needs of those who wish to create an anti-fraud culture that is effective at all levels within the enterprise. The problems of internal and external fraud are examined and techniques for fraud prevention and detection are discussed.

Audience

Senior financial, audit, marketing, purchasing, security and HR staff with responsibility for fraud prevention and detection.

Course Outline

THE BIG PICTURE

• Types of fraud
• Non-financial risks
• The international dimension
• Technology lead fraud

ANTI-FRAUD POLICY

• Fraud environments
• Fraud indicators
• Fraud legislation
• Anti-fraud policy design

Strategic Approach to Fraud Risk Management

• Fraud as business risk
• The governance agenda
• How to manage the 'people problem'
• SAS 99 and the threat of management override of controls
• The importance of ethics and corporate culture

Modern Deterrence AND Detection Techniques

• Criminal psychology and the 'perception of detection'
• What is deterrence?
• Practical ways to increase deterrence of fraud
• Fraud health checks
• Using the modern fraud detection toolkit to reduce the fraud exposure gap
• Focus on data mining and covert techniques

Auditing Skills: Fraud Prevention and Detection Techniques / CM025424