Safeguarding Your Organization Against Fraud

OBJECTIVES

• Understand and explain how a fraud could take place
• Understand the motivating factors for an individual to commit fraud
• Understand and describe the various schemes in fraud
• Understand how fraud can take place in various business processes
• Understand and apply effective fraud prevention programme in your organization
• Design key control activities and policies to detect and prevent a specific fraud scheme in a business process
• Develop a fraud risk register to systematically reduce fraud risk using risk-based approach

WHO SHOULD ATTEND?

• Practitioners who work in the areas of compliance, risk management, anti-money laundering and anti-corruption
• Other professionals who wish to become aware of these issues which might impact directly or indirectly upon their organizations
• Consultants who wish to work in an advisory capacity and who wish to obtain a detailed knowledge of the types of issues faced by organizations

OUTLINE MATERI 1. Introduction to Fraud

• The Definition of Fraud
• How Fraud Could Take Place
• The Fraud Triangle and its Implications
• Who is a Fraudster?
• How Fraud can Affect Your Organization

2. The Various Fraud Schemes

• Corruption
• Misappropriation of Assets
• Financial Statement Fraud
• Accounts Receivable Fraud
• Illustrations and Samples
• Video Presentation

3. How to Get Away With Fraud?

• How Fraud Conversion Takes Place
• Why Fraud Concealment is Important to Hide Fraud Conversion
• The Common Techniques in Fraud Concealment
• The Connection Between Fraud Concealment and Fraud Conversion
• An Illustration on How a Fraud Conversion Took Place and Was Concealed to Avoid Detection

4. Fraud Prevention and Detection

• The Difference Between Fraud Detection and Prevention
• How Control Activities and Policies can Reduce Fraud Incidences
• Definition of Internal Controls
• Good and Effective Internal Controls
• How to Design Internal Controls to Detect and Prevent a Specific Fraud

5. Control Environment

• The Importance of Good Control Environment
• The Five Components in COSO
• Other Important Factors You Should Consider in Mitigating Fraud

6. Fraud Prevention Programme

• Developing a Fraud Prevention Programme
• The Essentials of a Fraud Prevention Programme
• Who Owns and Responsible for Fraud?

7. Fraud Risk Register

• What Makes a Good Fraud Risk Register
• The Seven Steps in Developing a Fraud Risk Register
• Prepare a Fraud Risk Register for an Identified Fraud Risk

8. Recapitulation

• Questions and Answers
• Review

TRAINING  METHOD Presentation Discussion Case Study Evaluation   FACILITY Training Kit Handout Certificate Lunch + 2x Coffee Break Souvenir Pick Up Participant (Yogyakarta)