Fraud Prevention, Detection and Investigation

Introduction

Fraud is a growing threat that continues to impact the global economy, costing an estimated $3 trillion in 2018 alone. Would you recognize if fraud was happening in your organization right now? Do you know the major fraud risks your business faces, or have a defined fraud prevention strategy? If your organization lacks a formal fraud prevention program or automated detection techniques, you are not alone. Many organizations struggle to combat fraud effectively due to the absence of structured approaches for prevention, detection, and investigation. Without a clear strategy, businesses are left vulnerable to financial losses, reputational damage, and legal consequences.

Our Fraud Prevention, Detection, and Investigation Training Course is designed to equip you with the essential knowledge and tools to tackle these challenges head-on. This fraud prevention and detection training course provides insight into identifying fraud risks, implementing prevention strategies, and managing investigations when fraud is suspected. You will learn to use automated detection techniques and develop a robust, proactive approach to fraud management. Don’t leave your organization exposed — take the first step towards securing your business by ensuring you have a comprehensive fraud prevention plan in place

This Fraud Prevention, Detection and Investigation training course will help you to:

• Evaluate the likely frequency of cost of fraud in your organisation
• Develop a world-class fraud prevention programme
• Assess fraud scenarios by means of actual fraud cases
• Target key areas of fraud with proven detection techniques
• Significantly reduce the opportunities for corruption

Objectives

After completing this Fraud Prevention and Detection training course, you will be able to:

• Evaluate and challenge management’s fraud risks
• Understand how a fraudster thinks
• Apply successful techniques to help prevent fraud
• Promote an effective fraud prevention process
• Adopt data mining as a fraud prevention and detection tool
• Apply an effective fraud investigation process
• Apply audit skills to fraud investigation
• Spot when someone is not telling you the truth

Training Methodology

• This is a basic / intermediate level course and delegates are not required to have any previous experience in fraud prevention or detection to attend
• There are no minimum educational requirements
• No advance preparation is required
• Delivery method – Group-live (with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter)
• A short examination will be given at the end of the course

Organisational Impact

This Fraud Prevention and Detection training course will benefit organisations in all business sectors and will provide both public and private owned businesses with a much greater appreciation of the ever increasing risk posed by fraud, and how to deal with these threats.

This Fraud Prevention, Detection and Investigation training course will enable organisational knowledge to be enhanced in the following areas:

• The breadth and impact of fraud risks, especially on business reputation
• The range of fraud indicators
• Achieving a cost-effective balance between prevention and detection
• The legal implications
• The need for vigilance
• Developing an anti-fraud policy

Personal Impact

This Fraud Prevention and Investigation training course will enable delegates to enhance their personal knowledge in the following disciplines:

• Evaluating the fraud risks
• Using interrogation techniques to detect fraud
• Developing an effective fraud mitigation programme
• Completing a successful fraud investigation
• Delivering fraud awareness sessions to management