Fraud Risk Management & Forensic Accounting
Core Business Skills for managers, executives and professionals
Duration
5 Days
Format
Classroom &Online
Fee From
$2,950
Scheduled Dates
No sessions of this type are scheduled.
Introduction
- The nature, causes and cost of occupational and external fraud
- Fraud risk assessment and anti-fraud governance
- Designing preventive and detective internal controls
- Data analytics and red flags for fraud detection
- Forensic accounting investigation, evidence and reporting
Objectives
- Explain the fraud triangle and the main categories of occupational fraud
- Conduct a structured fraud risk assessment for your organisation
- Design and evaluate anti-fraud controls and policies
- Recognise red flags in financial statements and transaction data
- Apply data analytics techniques to detect anomalies and suspicious activity
- Plan and conduct a forensic accounting investigation
- Gather, preserve and report evidence to support legal and disciplinary action
Training Methodology
Organisational Impact
- Reduced losses from internal and external fraud
- A documented fraud risk assessment and response plan
- Stronger internal controls and segregation of duties
- Faster detection of irregularities through data analytics
- Investigations carried out professionally and in line with legal requirements
- Greater confidence from boards, regulators, auditors and investors
Personal Impact
- Identify fraud risks and red flags with confidence
- Evaluate the effectiveness of existing anti-fraud controls
- Use data analysis to test transactions and highlight anomalies
- Plan investigations and conduct effective fact-finding interviews
- Prepare clear, evidence-based investigation reports
- Strengthen your profile for audit, compliance and forensic roles
Who Should Attend?
- Internal auditors and audit managers
- External auditors and assurance professionals
- Finance managers, controllers and finance directors
- Compliance, risk management and governance professionals
- Fraud investigators and forensic accountants
- Procurement and accounts payable managers
- Legal, HR and security professionals involved in investigations
- Board and audit committee members
Course Outline
- Definitions and types of fraud: asset misappropriation, corruption and financial statement fraud
- The fraud triangle and the psychology of fraudsters
- Internal versus external fraud and cyber-enabled fraud
- The cost of fraud to organisations
- Legal and regulatory framework, including anti-bribery and anti-money laundering
- Case study: anatomy of a major corporate fraud
- Fraud risk governance and the role of the board and audit committee
- Conducting a fraud risk assessment
- Anti-fraud policies, codes of conduct and tone at the top
- Whistleblowing arrangements and speak-up culture
- Third-party and supplier due diligence
- Practical exercise: building a fraud risk register
- Designing preventive and detective controls
- Segregation of duties and authorisation controls
- Red flags in procurement, payroll, expenses and payments
- Detecting financial statement manipulation
- Data analytics for fraud detection: Benford’s Law, duplicates and outliers
- Practical exercise: analysing transaction data for red flags
- Planning and scoping a fraud investigation
- Forensic accounting techniques and tracing funds
- Gathering and preserving documentary and digital evidence
- Chain of custody and legal considerations
- Investigative interviewing techniques
- Case study: investigating a procurement fraud
- Writing investigation reports and presenting findings
- Working with legal counsel, regulators and law enforcement
- Asset recovery and insurance claims
- Lessons learned and remediation of control weaknesses
- Building an ongoing fraud risk management programme
- Capstone exercise: fraud response plan for your organisation
Certificates
CLASSROOM
Delegates who complete the classroom course receive the Thinkcloudly Certificate of Completion, with one Continuing Professional Education (CPE) credit for every 50 minutes of attendance.
ONLINE
Delegates who complete the live online course receive the Thinkcloudly Certificate of Completion, with one Guided Learning Hour awarded for every 60 minutes of attendance.
Providers and Associations
Original price was: $6,499.00.$5,950.00Current price is: $5,950.00.
Our Learners Work At
Frequently Asked Questions
What will I learn on this course?
How to assess fraud risk, design anti-fraud controls, detect red flags using data analytics, and plan and conduct forensic accounting investigations.
Do I need prior audit or investigation experience?
No. A basic understanding of accounting and internal controls is helpful, and the course builds from fundamentals to advanced practice.
Do I need to bring a laptop?
Yes. Several data analysis exercises are completed in Excel, so please bring a laptop with a recent version of Microsoft Excel installed.
Does the course cover cyber and digital fraud?
Yes. The course covers cyber-enabled fraud such as payment diversion and business email compromise, and how to gather and preserve digital evidence.
Is the course relevant to my jurisdiction?
Yes. The principles and techniques apply internationally, and the course covers widely adopted anti-bribery and anti-money laundering frameworks.
What will I take back to my organisation?
A fraud risk register template, red-flag checklists, an investigation planning toolkit and a fraud response plan framework.
Will I receive a certificate?
Yes. All delegates who complete the course receive the Thinkcloudly Certificate of Completion, with CPE credits for classroom attendance or Guided Learning Hours for online attendance.
Can this course be delivered in-house?
Yes. We can tailor the content and case studies to your industry and deliver it at your premises, a venue of your choice or online. Contact [email protected] to discuss your requirements.
