Page 34 - Verracy's 2019 Course Catalogue

Fraud & Forensic Accounting

Catching the Bad Guys: Fraud Awareness and Training for
Embedding Fraud Detection in Internal Audit Executives

FR-101 16 FR-102 8

CPEs CPEs

Auditors today are expected actively participate in prevention Concerned about occupational fraud? You should be. All organi-
and detection of fraud in their organizations. A traditional audit zations are subject to fraud risk. Association of Certified Fraud
catches less than 4% of existing frauds because audits are de- Examiners (ACFE) studies show that an average of 5% of revenue
signed to test effectiveness of controls and evaluate operating is lost to internal fraud schemes within an organization.
efficiency, not find fraud. Embedding fraud awareness, preven- Creating fraud awareness and understanding how to properly
tion and detection into auditing requires understanding fraud identify and assess potential fraud risk helps an organization
and fraudsters. develop effective fraud programs that reduce the potential
financial, reputational, and organizational risks associated with
This course provides the fundamentals for developing fraud fraud. The ability of an organization to prevent and detect fraud
audit programs and incorporating fraud detection into the stan- begins with fraud awareness—how it occurs, the characteristics
dard auditing process. This in-depth course looks at the fraud of fraudsters, and what to do when fraud is suspected.
tree and covers common fraud schemes and scenarios to provide
the participants with the knowledge needed to start implement- This course will help busy executives gain the basic knowledge
ing fraud detection into their audit processes immediately. necessary to understand potential fraud risks and oversee fraud
programs in their organization. The course uses case studies
This interactive course will be taught through a combination of and illustrates current best practices.
lecture, group exercises, and class participation.

What You Will Learn: What You Will Learn:
• Understand fraud fundamentals – fraud triangle, fraud tree • Understand fraud fundamentals – fraud triangle, fraud
• Common fraud schemes and scenarios tree
• Characteristics of fraudsters • Understanding the characteristics of fraudsters
• Knowledge of Prevention and Detection Programs for fraud • Gaining knowledge of fraud prevention and detection
• Implementing fraud auditing techniques into an audit programs
• Understanding the importance of ethics, compliance and
Tone at the Top
• Learning how to identify the red flags of fraud
• Understand the value of a Fraud Risk Assessment

Group Live | 2 Days | Intermediate | Auditing Group Live | 1 Day | Advanced | Special Knowledge
Who Should Attend: Internal Audit, Accounting & Operations Staff Who Should Attend: Executive Management, Senior Managers
& Management and Board Members
Prerequisites: Auditors with at least 2 years experience Prerequisites: Auditors with at least 2 years experience