Fraud and Forensic Auditing

Introduction

This training course is intended for those interested in learning about the most common type of white-collar crime in business: fraud.

Fraud is an event that includes many human psychological components, including the fraud triangle of excuse, rationalization, and stress. This training course is designed to fall deep into the why, the how, and who, as we explain what the typical fraudster 'looks like' and why they choose to execute a crime upon a company.

After studying the various methods used by white-collar criminals, the course reviews, using real-world examples, how companies combat fraud in both defensive and investigative ways. Through a case study, we also look at some of the more common types of fraud discovery, such as the use of big data and analytics tools. Finally, we examine how internal controls can help or hinder fraud prevention through the use of hands-on activities in which you design fraud control. Reach training about how to defend your company’s assets against white-collar crime!

This course will highlight:

• The History and Psychology of Fraud in the Workplace
• Key Traits and Triggers that may submit Fraud is or could take place
• Internal Controls Discussions that, if missing, can open the door to white-collar criminality
• Defensive and Detective Controls that resist Fraudulent Behaviors
• Case Studies of Companies that encountered Fraud, as well as those who have completed actionable internal controls

Course Objectives of Fraud and Forensic Auditing

At the end of this training course, you will get to:

• Know the signs of potential fraud within the workplace
• Choose the proper audit procedures to be observed in conducting a fraud audit
• Choose and define the areas of risk and susceptibility to fraud in a company position
• Explain the various remedies accessible to those who suffer a loss through fraud
• Appropriate cutting-edge tools in fraud finding and prevention

Course Methodology of Fraud and Forensic Auditing

The instructor uses a combination of traditional lectures, case studies, and collaborative discussions for course delivery. The instructor’s preference is that much of your learning occurs from other participants through guided investigation. An interactive classroom makes the course more interesting. Therefore, the instructor will frequently use group exercises and case studies to encourage participation. The instructor expects participants to fully engage and participate, even if not an expert on the topics. This is not an inactive course.

Organizational Impact of Fraud and Forensic Auditing

The Association of Certified Fraud Examiners produces an annual “Report to the Nations” on the pervasiveness of fraud around the globe, therefore, all employees are at risk of seeing fraud in the workplace.

This training course on Fraud and Forensic Auditing creates the following organizational impacts:

• Creates a new awareness of fraud among employees
• Helps employees to understand some of the reasons that people commit fraud
• Identifies traits that employees can observe that may suggest fraud has or is taking place
• Guides employees to new ways of considering internal controls and segregation of duties
• Instills in employees ways in which they can protect themselves and their organizations from fraud
• Utilizes real business cases to demonstrate how fraud happens and the ways in which it can impact a company

Personal Impact of Fraud and Forensic Auditing

Fraud has deep, impactful aspects when it happens to a company or organization in which the person is involved.

Personally, participants can benefit from this training course is that it:

• Guides participants, through self-discovery, to realize past times when fraud may have been present in their lives, previously unknown
• Asserts a new level of awareness around fraud, insomuch as it instills knowledge of how fraud works, how it happens, etc.
• Encourages participants to acknowledge the fraudulent company’s failures and learn from their mistakes
• Coaches participants to establish internal controls procedures to combat and prevent fraudulent behavior
• Mentors participants as to how companies can recover from past fraudulent incidences
• Instills a sense of new knowledge about fraud, those that do, and some of the reasons it can happen