A Cradle to Grave Approach
– Fraud Masterclass
Fraud and deception risk is something that businesses small or big cannot ignore and whether you are there for profit or non-profit, fraud is something that you cannot ignore. Even governments face fraud risk and the only way to combat fraud is to fight it in its very own backyard. Fraud risk CANNOT be eliminated and can only Accepted, Avoided, Reduced or Transfer. The irony of this is quite simple: FRAUD STARES AT US AND WE CHOOSE TO IGNORE IT. THE TELL TAIL SIGNS ARE STARING AT US AND WE KNOWINGLY OR UNKNOWINGLY CHOOSE TO IGNORE IT.
Interviewing and interrogation of the Fraud Perpetrator is the single most important activity in the fraud investigation process and therefore it’s imperative that the PERSON conducting the investigation is equipped with the right skill and emotional maturity to handle the situation.
Learning Objectives
- Learning and understanding the Myths and Truths about Fraud World
- Development and understanding of Fraud Scenarios
- Identification of Fraud Red flags
- Learn and conduct a Fraud and Deception Risk Assessment
- Development of Prevention and Detective Strategies to combat Fraud
- Development of framework for investigating
- Fraud policy
- Whistle-blower policy
- Investigative template and report
- Template – Fraud Risk Assessment
Target Audience
- Chief Compliance Officers/Heads of Compliance/Governance/Risk
- Compliance Managers and senior GRC staff
- Senior Risk staff
- Managers with Governance responsibility
- Senior Internal and External Audit staff
- Staff dealing with CSR and/or ESG
- Company Secretaries
- Accountants
- Legal Practitioners
- Regulatory Representatives
- Company Directors/Board Members/Executives
Module Outline
- Understanding of key concepts in the space of Fraud and Deception Risk AssessmentModule 1-
- Deliberation of framework and strategies in the space of Fraud and Deception Risk AssessmentModule 2-
- Learning on how to develop fraud scenario and its corresponding mitigating controlsModule 3-
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