Advanced Internal Control and Fraud Prevention

After completing this training seminar, you will be able to:

• Understand Fraud, who commits it, and Why?
• Understand Risk and How to assess it
• Know Why Internal Controls are needed and How to decide which to employ
• Understand how easy it is to Hack your systems
• Be equipped to investigate Fraud properly
• Ensure your IT and computer systems are effectively monitored
• Understand how clever and advanced organised-crime, can be the threat posed to your business
• Safeguard yourself and your business

Understanding Fraud

•               Knowledge Check
•               What is fraud?
•               Who commits fraud?
•               The Fraud Triangle
•               Fraud in the Digital World

Risk and What to Look For

•               What is Risk?
•               Methods of Risk Analysis
•               Identification of Risk Exposure (The 4 T’s)
•               Risk Register
•               Managing Risk

Internal Controls

•               Internal Control as a Positive Process
•               Pressure on Internal Controls
•               Systems Development and Risk to Controls
•               COSO – Internal Control Integrated Framework
•               3 Types of Control – Preventative, Detective and Corrective
•               Information Security

Hacking Your Business

•               All things are Hackable
•               Hacking Biometrics!
•               Everything Connected – Insecurely
•               Loss of Privacy
•               Hacking Your Home and Business

Investigating and Finding Fraud

•               Investigation Methods (Overt and Covert)
•               What is Evidence?
•               Collecting the Proof
•               When to include Law Enforcement
•               Wrap up Discussion about the Weeks Work

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.