Introduction of Trainer:
Our prestigious trainer is a board member of Executive Director and Treasurer of the Institute of Counter Fraud Specialist. He has been a UK representative of the International Institute of Certified Forensic Investigation Professionals (IICFIP) and an accredited tuition centre in the UK and Europe. Has worked on 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
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.
· 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. Fisca 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.
– Forensic Audit and Fraud Investigations
– Anti-Fraud Compliance program and fraud prevention policy.
– Forensic accounting.
– AML monitoring
– Training in Finance, Banking, Forensic Auditing and
Accounting and Fraud Prevention, Detection and Investigation,
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, Fraud Prevention and Detection.
What is Fraud?
The Basics of Fraud
Who Commits Fraud and Why
Financial Statements Schemes:
Improper Asset Valuation
Concealed Liabilities and Expenses
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
Purposes of Internal Controls as a fraud
prevention measure Fraud Prevention
Programs Development of Fraud Prevention
Policy Implementation of Suitable Internal
Controls Procedures in your Organization
Monitoring and Reporting
Detection and Discovery
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 actInvestiga
tions: Who, What, Where, When, How, and WhySetting 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
Horizontal and Vertical Analysis
Case studies: application of data
COLLECTION AND ANALYSIS OF
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 Analytics for
detecting possible Fraud
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
Writing down questions
Dealing with resistance and difficult people
Admission seeking questions: preparation and steps
Group Work: Role play in how to carry out an
interviewand 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
•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.