Mastering Internal Controls and Fraud Prevention

This workshop serves as a fundamental to the nature of fraud and methods of prevention in the workplace. Using methodologies that are well planned and coordinated, participants learn how to safeguard company’s assets, checks the accuracy and encourage adherence to processes that will create a transparent environment.

Internal controls

- Overview of internal controls

- Proper documentation

- Segregation of duties

- Physical safeguards

- Analytical reviews

Fraud Prevention

- Hire the right employees

- Fraud audits

- Bonding employees

- Fraud control

Fraudulent financial statements and reporting

- Symptoms and indications of fraud

- Prevent and monitor fraud

Misappropriation of Assets

- Incentives and pressures for fraud

- Opportunities for fraud

- Identifying fraudulent schemes: cash, billing, payroll and expenses

Whistle blowing to promote corporate governance

- Regulations, reasons and benefits of whistle blowing

- Prevent whistle blowing

- Creating a white blowing culture

Effective Internal Control System

- Identifying factors risk

- Effective communication methods

- Monitoring techniques

- Internal control policies

FOR WHOM: All Internal Auditors and Risk Managers in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.