Course Overview

Corporate crime is an unlikable fact in today’s big business world. It has touched every country, every industry, and has no signs of stopping. Throughout the past 5 years, the number of reported cases of fraud and corruption has continued to grow radically. Compounding this are the challenges faced by the audit team and a general lack of the necessary skill sets to collect the right audit evidence so critical to criminal investigations. While the regulatory measures and internal controls in reporting requirements help to lessen the potential for falsified activities to take place, history has shown that ingenious employees can and have manipulated even the best control systems for personal gain. Virtually every entity suffers from fraud, though management might not know it. With fraud costing entities an estimated 5% of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk. Occupational fraud is a significant threat to any organisation. Those organisations which employ fewer anti-fraud controls are more vulnerable to fraud Forensic auditing provides an investigation methodology and accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution. This course concentrates on practical advice for internal auditors in the fight against fraud, with focus sessions on deterrence, data mining and interviewing in a stressed environment. It provides an incisive analysis of how fraud occurs within an organisation and explains the latest techniques for fighting it.

Why Should You Attend This Training


• Conduct anti-fraud audits
• Detection of white collar crimes within an organization
• Skills for Forensic Investigations
• Successful prosecution of economic crimes, in particular fraud
• The integration of accounting, auditing and investigative skills.
• Gain the expertise to conduct investigations and ensure recovery
• Learn how to make your organization resistant to all forms of unethical businesses
• Secure, Analyze and Present the Evidence
• Find elusive misconducts that others miss.


Know About Your Trainer

Our consultant has been responsible for all accounting and taxation work for many companies and individuals; providing support on their decision-making process based on their performance and the trend of the economy by analysing the impact of a change in the monetary and fiscal policy into their businesses; developing procedures and controls; fraud prevention and detection within the organisations and drafting of fraud prevention policies and anti-fraud compliance programmes; forensic accounting and fraud investigations.

WORK EXPERIENCE:

- Forensic Audit and Fraud Investigations - Anti-Fraud Compliance programme and fraud prevention policy. - Forensic accounting. - AML monitoring - Training in Finance, Banking, Forensic Auditing and Accounting and Fraud Prevention, Detection and Investigation, AML. 4 Responsible for facilitating training on Forensic Auditing, IFRS, Financial Management, Budgeting and Cost Control, Public Financial Administration, Financial Planning, Procurement, Analysis of Financial Statements, Project Finance, Forensic Auditing and Accounting, Internal Auditing, Internal Controls, · 08/2013 – to date. Executive Director and Treasurer of the Institute of Counter Fraud Specialist. Board member. · 07/2013 – to date. UK representative of the International Institute of Certified Forensic Investigation Professionals (IICFIP) and an accredited tuition centre in the UK and Europe · 01/2013 – 01/2015. Director of the Internal Control Institute United Kingdom and Ireland. Managing the organisation’s budget and finance, preparing, directing and conducting training on the certifications on internal control, attending board meetings. · 01/2007 – 11/2009. Part-time Finance Director of TFR Group. Attending board meetings, reviewing performance, targets and strategy; managing a team of 5-10 people; dealing with banks and other financial institutions, and HMRC; preparing budgets and business plans; supporting the board in the decision-making process; monitoring and reviewing the internal controls system and the policy and procedures; implementation of procedures to mitigate risk of fraud and development of anti-fraud compliance programmes and training. · 07/2004- to date. Fiscal Accounts, UK. Public and International Accountant, Certified Practising Accountant, Counter Fraud Specialist and Certified Forensic Investigation Specialist. Finance Trainer, Consultant with the Global Bankers Institute and Banker’s Academy Contract Instructor. US Tax Return Preparer registered with the IRS in the USA. Responsible for all accounting and taxation work for companies and individuals; providing support on their decision-making process based on their performance and the trend of the economy by analysing the impact of a change in the monetary and fiscal policy into their businesses; developing procedures and controls; fraud prevention and detection within the organisations and drafting of fraud prevention policies and anti-fraud compliance programmes; forensic accounting and fraud investigations. - Preparation of business plans. - Statutory and management accounts. - Budgeting and forecasting. - Financial Accounting and Financial Management under UK GAAP and IFRS. - Accounting for strategy implementation. - Implementation of Procedures and Controls. - Personal Taxation. - Corporate taxation. - Capital Gains Tax. - VAT Returns and compliance. Payroll - Spanish Tax. - Review and Audit of Internal Controls. - Fraud prevention, detection and deterrence. Fraud Prevention and Detection.




  • DAY ONE

  • Understanding Fraud

  • What is Fraud?
    The Basics of Fraud
    Who Commits Fraud and Why
    Fraud Triangle

    Fraud Schemes

    Financial Statements Schemes:
    Fictitious Revenue
    Timing Differences
    Improper Asset Valuation
    Concealed Liabilities and Expenses

    Asset Misappropriation Schemes:

    Billing Schemes
    Payroll Fraud Schemes
    Expense Reimbursement Schemes
    Misuse of Inventory and other Assets
    Theft of Inventory and other Assets

    Case studies/Work group: Identifying fraud schemes and their red flags
  • Fraud Prevention

  • Purposes of Internal Controls as a fraud prevention
    measure
    Fraud Prevention Programmes
    Development of Fraud Prevention Policy
    Implementation of Suitable Internal Controls Procedures in your Organisation
    Monitoring and Reporting
    Detection and Discovery
    Warning Signs
    Getting the Evidence

    Case study in Risk Assessment using different scenarios and identification of Red Flags

  • Beginning the Investigation

  • Upon receipt of the allegation: complaint or tipping- off - When and how to act
    Investigations: Who, What, Where, When, How, and Why
    Setting up an action plan – setting objectives of the investigation
    Timing and scope of the investigation
    How to begin the investigation
    Developing an Investigation Plan
    Begin collecting information
    Use of Red Flags as a basis for further investigation
    Forensic Analytics for detecting possible Fraud


    Methods and techniques to identify Fraud Financial and Non-Financial data

    Ratio Analysis
    Horizontal and Vertical Analysis
    Data analysis
    Benford’s Law

    Case studies: application of data analysis methods
  • DAY TWO

  • Collection and Analysis of Documents

  • Obtaining documentary evidence
    Examining fraudulent documents
    Handling documents as evidence
    Identifying writings
    Chain of custody
    Internet as a source of information
    Analysis of documents
    Indented writings



  • Interview Preparation


  • Interviewing Witnesses
    Question typology: open, closed, introductory, informational
    Legal considerations when conducting an interview
    Elements of conversations: expression, persuasion, information exchange
    Inhibitors of communication: ego threat, forgetting, chronological confusion, unconscious behaviour


  • Interview Mechanics

  • Note-taking,
    Eye contact
    Opinions
    Writing down questions
    Documenting results
    Privacy
    Dealing with resistance and difficult people
    Admission seeking questions: preparation and steps

    Group Work: Role play in how to carry out an interview and what pitfalls to avoid to succeed
  • Concluding the investigation

  • Presenting the results of your investigation
    The outcome of the investigation and the next step
    Preparing and writing the report
    Format of the report and objectives

  • Presenting your case

  • This is an opportunity for participants to present their own
    case with their planning of the investigation
















Who Should Attend

•Chief Finance Officer
•Chief Compliance Officer
•Chief Internal Auditor
•Head of department for Auditing
•Forensic auditor
•Investigation auditor
•Financial auditor
•IT auditor
•Internal audit manager
•Internal audit executive
•Internal audit and compliance
•Project audit manager

It is also ideal for middle and senior managers who have ownership of the responsibility of overseeing the audit process as it relates to the detection and
prevention of economic crime.


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