Fraud Prevention Short Course
Almost everyone suffers from fraud, although management may not know it.
Available spots
Service Description
The Course Objectives: Fraud losses are at an all-time high and prevention and detection are two complementary strategies to minimise financial losses and reputational damage caused by fraudulent activities. Fraud prevention focuses on proactively putting measures in place to deter and discourage fraudsters, while fraud detection identifies fraudulent activities as they occur or after they have happened. This training course’s objectives are: • To explain the various schemes used by employees, managers, directors, & organised criminals to defraud organisations. • To quantify the losses from these schemes and scams. • To illustrate the human factors in fraud via case studies. • To equip fraud examiners, auditors and accountants with proven techniques in fraud prevention and detection so that they will be able to better manage these challenges in everyday business. Course Content: DAY-1 An overview of fraud • The nature of fraud • Critical thinking skills • Why fraud happens – the Fraud Triangle • Responsibilities of Fraud Prevention & Detection • How occupational fraud affects your organisation • Current fraud/crime statistics in SA • Profile of a fraudster and criminology theories • Money Laundering The ACFE’s Occupational Fraud Categories The ACFE’s Report to The Nations 2024 Corruption • Conflicts of interest • Bribery (kickbacks and bid rigging) • Illegal gratuities • Economic extortion Asset Misappropriation (includes case studies) • Cash Theft Schemes • Billing Schemes • Payroll Schemes • Expense Reimbursement Schemes • Document Fraud Fraudulent Financial Statements • Asset/revenue over-statements & understatements • Some major financial statement fraud case studies • How auditors can assess the risk of fraud in financial reporting DAY-2 How to audit for fraud: The 8-step Fraud Auditing Process as per ISA 240, starting with professional skepticism and including triangulation, the fraud triangle and the fraud exposure rectangle – lots of shapes to discuss! Reducing Your Organisation’s Fraud Risk: the 10-fraud risk management building blocks (fraud prevention & detection) based on the ACFE’s Fraud Prevention Check-up: 1. Internal controls 2. Fraud risk assessments 3. Accountability 4. Code of Ethics 5. Awareness programs 6. Background checks 7. Fraud-related policies 8. Data analysis 9. Fraud and ethics hotlines 10. Tone at the top
Upcoming Sessions
Cancellation Policy
Registration Policy It is the sole responsibility of delegates to ensure that they satisfy the minimum requirements set by the ACFE for the CFE Exam. The AFRICA Training Academy gives no warranty and accepts no responsibility or liability for a delegate's admission or rejection by the ACFE to write the CFE Exam. Under no circumstances will the Academy be held responsible or liable in any way for any reason if the ACFE rejects a delegate's exam application or does not certify a delegate after considering his or her CFE exam application. I hereby authorise the AFRICA Training Academy and its authorised representatives to process and collect my academic records, transcripts, and other academic-related records. I hereby grant permission to the AFRICA Training Academy and its authorised representatives to report on my academic performance/records to the ACFE SA, the appropriate qualification authority and quality council. Refund Policy *Please take note all quotations are only valid for 14 (fourteen) days, if you have not requested an invoice within the 14 (fourteen) days following the date of quotation issued, you will forfeit your seat/booking. Should you wish to re – book, a new quotation will be issued - all prices are subject to change. Take note NO quotes will be issued 10 (ten) days prior to any event, only invoices. The Cancellation Policy will become applicable as soon as an invoice is requested. Cancelation policy: - 3 weeks prior to the event: 50 % Cancelation fee - 2 week prior to the event: 100 % Cancelation fee - 100% cancellation fee will be charged, if a delegate is a “no show”, Substitutions are welcome; however, the AFRICA TRAINING ACADEMY needs to be informed promptly - no substitutions allowed 5 days prior to the event.
Contact Details
0123461888
finance@africata.co.za
121 Sovereign Drive, Route 21 Business Park, Centurion, South Africa