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Fraud Prevention, Detection, and Investigation Training

5 Day Training

Dates: 22 – 26 July | 16 – 20 September | 09 – 13 December 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on Request

Course Introduction

This Fraud Prevention, Detection, and Investigation Training course is designed to equip organizations across all business sectors with a deeper understanding of the risks posed by fraud. It will detail strategies for dealing with these threats and bolstering organizational resilience. Participants will gain insights into the breadth and impact of fraud risks, especially on business reputation, learn to identify a range of fraud indicators, and develop a cost-effective balance between prevention and detection. Crucial legal implications and the imperative for constant vigilance will also be covered, culminating in the development of an anti-fraud policy.

Course Objectives

By the end of this Fraud Prevention, Detection, and Investigation training, delegates will be able to:

  • Critically evaluate and challenge management’s fraud risk assessments

  • Understand the mindset of a fraudster to better anticipate fraudulent activity

  • Implement proven techniques for fraud prevention

  • Foster an effective fraud prevention culture within their organizations

  • Utilize data mining as a key tool in fraud prevention and detection

  • Conduct thorough and effective fraud investigations

  • Sharpen their audit skills for fraud detection

  • Recognize dishonesty and deception in communications

Who should attend?

  • Security supervisors and managers

  • Appointed Fraud Specialists

  • Managers seeking to deepen their understanding of fraud investigation

  • Auditors interested in modern fraud prevention and investigation methods

  • Fraud team members focusing on internal fraud

  • Managers looking to enhance fraud prevention and detection skills

Audit, Risk and Governance courses

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Fraud Detection and Investigation

Session 1 – Understanding Fraud

  • Definitions and startling statistics

  • Discussion on the serious nature of fraud

  • Insights from ACFE Fraud Surveys

  • The financial impact of fraud on organizations

Session 2 – Evaluating Fraud Risks

  • Overview of managing business risk of fraud

  • Six principles for an effective Fraud Risk Management Program

  • Building a comprehensive picture of major fraud risks, including supplier and outsourcing fraud

  • Fraud Risk Matrix and scenario planning

Session 3 – IT Fraud Risks

  • Strategies for computer fraud prevention

  • Mitigating key fraud risks in E-Commerce

  • Internet and Intranet fraud risks and prevention strategies

  • Ensuring IT security effectiveness

Session 4 – Corruption Risks

  • Causes and indicators of corruption

  • Recognizing and addressing procurement fraud risks

Developing a Fraud Prevention Process

Session 5 – Fraud Mitigation

  • Evaluation and mitigation of fraud risks

  • Identifying and fortifying vulnerable areas within organizational processes

Session 6 – Procurement Fraud

  • Exploring tendering and bidding processes

  • Identifying and addressing common indicators of supplier and outsourcing fraud

  • Providing a checklist for procurement fraud prevention

Session 7 – Effective Anti-Fraud Policies

  • Development of a Fraud Awareness Training Program

  • Communicating expected ethical standards and behaviour

  • Establishing electronic data and asset protection measures

Session 8 – Anti-Money Laundering

  • Discussing the intersection of fraud, risk, and control

  • Clarifying the roles, responsibilities, and liabilities of stakeholders

Advanced Fraud Detection and Investigation Techniques

Session 9 – Fraud Detection Tools and Techniques

  • Utilizing Computer Assisted Audit Techniques (CAATs)

  • Data mining as a fraud detection tool

  • Fraud profiling and risk scoring strategies

Session 10 – Legal Considerations in Fraud Investigations

  • Navigating legal aspects and ensuring evidence admissibility

  • Strategies for recovering stolen assets and managing disciplinary proceedings

  • Planning and managing fraud investigations discretely and effectively

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