MASTERING INTERNAL CONTROL AND FRAUD MANAGEMENT

SYNOPSIS: This workshop helps as a fundamental to the nature of fraud and methods of prevention in the work- environment. Applying methodologies that are well organized and coordinated, participants will learn how to safeguard the organization’s asset, checks the accuracy/ correctness, and encourage compliance to process that will create a transparent business environment.

COURSE CONTENT

Internal Control

• Meaning of internal Controls
• Installing internal Control
• Types of internal Controls
• Evaluation of internal Control
• Strengthening internal control

Effective Internal Control System (EICS)

• Internal control policies
• Identifying risk factors
• Relevance of communication in internal control system
• Monitoring and feedback of internal control process.

Fraud prevention

• What is Fraud?
• Fraud prevention techniques
• Fraud audit
• Fraud control
• Bonding employees
• Mobilizing management in the fight against fraud

Misappropriation of Assets

• Opportunities for fraud
• Incentives and pressure for fraud
• Identifying fraudulent schemes e.g. cash billing, Payroll and expenses
• Fraud detection and whistleblower

Fraud Concept and challenges

• Fraud and its core elements
• Fraud risk management
• Symptoms of fraud

TARGET AUDIENCE: All Internal Auditors in the Public and Private Sectors