Fraud Risk Management

Training Duration:  5 days

Training Delivery Method: On-site, instructor-led course; or online, instructor-led course

Prerequisites:

Basic understanding of accounting, auditing, criminology, fraud investigation, and loss prevention is helpful but not required.

What Problem Does This Training Help Solve?

Provides training to help attendees understand and implement Fraud Risk Management program including preventive and  detective controls, understand financial frauds, internal controls, US laws related to fraud, investigation, criminology, and lot more. Although this course is about Fraud Risk Management, knowledge gained is higher than at the level of certified fraud examiners (CFEs)  and could be used to prepare for that certification exam.

Who Should Attend?

External auditors, Internal auditors, IT auditors, Fraud Investigators, Internal Controls Professionals, Financial Auditors, Risk Officers, and Compliance Officers.

Course Material:

Content-rich manual/course handouts consisting of about 800 foils and 800 axioms

Course Syllabus:

This training course is also for individuals preparing to take the Certified Fraud Examiner (CFE) Exam. In this course, professionals will learn about fraud risk management and will include:

Fraud Risks and Controls- corporate governance, ethics, audits, occupational frauds, white collar crimes, three lines of defense, criminology, organizational crimes,

  1. Preventive, detective, compensating, and deterrent controls, risk assessment, risk management, KRIs of fraud, RCA
  2. Criminology and psychology of a fraudster
  3. Financial frauds – Fraud Examination, Financial Statement Fraud, Bribery and Corruption, Cash Receipts Schemes, public sector fraud, Fraudulent Disbursements schemes, computer fraud, misappropriation of Inventory and Other Assets, tax fraud, intellectual property theft, Bankruptcy Fraud, health care sector fraud, Check fraud, Credit Card Fraud, internet fraud, consumer fraud, insurance fraud, procurement fraud, contract fraud, securities fraud, financial institution fraud, money laundering,
  4. Financial statements frauds
  5. US Laws about fraud, civil laws, criminal laws, evidence, rights of employees, privacy laws,
  6. Investigating frauds, data analysis, document analysis, digital forensics, interviewing, sources of information

The course includes lecture, reviews, and axioms with the main goal of enabling individuals to implement fraud risk management and pass the CFE exam if interested. Students must register for the CFE exam with ACFE and ensure that they meet the necessary requirements for certification.