SCHEDULE
| Dates | Venue | Category |
| 14-18 May 2023 | Dubai – United Arab Emirates | Audit-Risk Management |
INTRODUCTION
The course provides professionals with essential insights to sniff out fraudulent behaviour in the organization and means to respond accordingly before it causes legal and economic repercussions. It sheds light on common fraud indicators or red flags that have been identified by leading fraud examiners around the world and promotes discussion on recommended prevention, detection and response measures that can be adopted in the current business environment.
The field of risk management had attracted an increasing amount of attention in the wake of the current economic meltdown. Stakeholders have come to comprehend the negative effects of uncontained risks, especially in an organisation’s daily operation. One of the greatest risk factors are internal and external fraud schemes, which include misrepresentation of material facts for personal gain, while causing damages to stakeholders at large. Such incidences result in grave financial loss, regulatory fines and reputational damage.
This program takes participants through the essentials of corporate fraud, red flags which comes along with each scheme and the means for adopting a comprehensive Fraud Risk Management Framework. Industry standards and international guidelines will be used to navigate discussions as participants go through sample case studies provided.
BENEFITS OF ATTENDING
Upon the completion of this training, participants will be able to understand:
- Enhance investigation officers’ and auditors’ skills in identifying possible fraudulent situations and solutions in the workplace.
- Acquire the best practice in handling fraud cases, with proper interviewing and evidence retention techniques.
- Recognise current fraud schemes and common red flags;
- Conduct fraud risk assessment to determine the level of control activity required within specific functions;
- Strategize prevention and detection measures at an organisational level;
- Apply the investigation life cycle which includes planning, analysing, interviewing, data analysis and reporting.
WHO SHOULD ATTEND?
- Risk Managers
- Business Managers in line functions
- Audit Managers and other auditors
- Quality Assurance Professionals
- Managers needing a broader understanding of risk and internal control
COURSE MODULES
Session 1: Conducting Internal Investigation
- Essentials of Financial Crime
- Financial Crime Threat Vector (2021/2022)
- Fraud Investigation / Examination: Tools and Techniques
- Professional Interviewing Skills
- Effective Report Writing for Fraud Examiners
- Evidential Issues and Specialized Schemes (Case Study Analyses)
Session 2: Fraud & Risk Management
- Essentials of Corporate Fraud
- Fraud Risk Management: An Overview
- Fraud Prevention and Deterrence Strategies
- Responding to Discovered Fraud (Part 1)
- Responding to Discovered Fraud (Part 2)
- Systematic Review, Monitoring and Enforcement Activity