Fraud Risk Management Training in Nigeria
Fraud Training in Nigeria, Lagos
Overview
Fighting Fraud is easier with our Fraud Risk Management Program as Fraud has become a serious concern for both commercial and non-profit organization across the whole world. According to a study by the Association of Certified Fraud Examiners and researchers at Concordia University, over 10 percent of all non-profit organizations / groups fail victim to occupational fraud.
Awareness about fraud and embedding anti-fraud procedures in the system of your organization can have significant impact on the sustainability of your organization in the long term.
This Fraud Risk Management workshop will help you to learn why people commit fraud, how to identify fraud risks, establish an anti-fraud culture and ensure fraud awareness in your organization.
This training course will explain how to build a robust fraud risk management program and how to integrate anti-fraud initiatives in to your fraud risk management program.
Target Audience
The workshop is very useful and beneficial for the following individuals:
- Chief Executive Officers
- Chief Information Officers
- Chief Risk Officers
- Risk Advisors
- Risk Managers
- Internal Auditors
- Finance Managers
- Chief Audit Executives
- Chief Finance Officers
- Finance Directors
- Financial Risk Managers
- Banking and Finance professionals and other professionals
Takeaways
- Reviewing current trends and new techniques in combating fraud and financial crimes to anticipate future needs
- Setting effective fraud detection and prevention procedures
- Improving customer data protection through effective identity theft prevention
- Eradicating common areas of potential internal frauds
- Developing a robust fraud awareness program within the organization
- Identifying and assessing organization’s vulnerability to fraud and financial crimes
- Establishing a sustainable corporate environment conducive to combating fraud at all levels
- Exploring the latest technological solutions in combating fraud and financial crimes
- Discovering the necessary preventive measures taken to combat fraudsters and money launders
- Utilizing this event to learn, network and benchmark with key players in the industry
Course Outline | Fraud Risk Management Program
Fraud Risk Management Techniques
- Statistical Overview of Fraud Problem
- Explaining Fraud
- Common Types of Fraud
- Who Commits Fraud?
- Reasons Why Auditors’ don’t detect fraud
- The Fraud Triangle
- The Fraud Diamond
- The Red Flags of Fraud
- Red Flags Case Studies
- Case Studies relating to fraud triangle and fraud diamond
- Theft of Intellectual Property
- FRAUD RISK MANAGEMENT PROGRAM
- Fraud Risk Program → Components
- Fraud Risk Assessment → Components
- Fraud Risk Assessment Framework
- Conducting Fraud Risk Assessment (Risk assessment tools and matrix)
- Case Studies → A Real Life Practical Perspective
- Fraud Prevention Programs - Components
- Fraud Prevention Check List – A Practical Perspective
- Fraud Prevention Score Card
Corruption and Fraud
- Corruption and Bribery Schemes
- Case Study / Examples of Corruption and Bribery Schemes
- Building a fraud scheme (thinking like a thief)
- Fraud Prevention Policy
- Ethics Programs in Organization
- Fraud Detection Program → Components
- Fraud Detection Score Card
- Handling of Known Fraud Incidents
- Addressing the Identified Risk
- Fraud Investigation Program → Components
- Planning and conducting Fraud Examination
- Why conduct a fraud examination?
- What fraud examinations entails?
- Fraud examination and forensic accounting
- Fraud examination methodology
- Develop a fraud response plan
- Initial response to suspicion or allegations of fraud
- Planning and conducting formal investigation
- Structure the investigation to preserve confidentiality
Reporting and Analyzing
- Interview Theory and Application
- Characteristics of Successful interview
- Characteristics of an Effective interviewer
- Legal Considerations when conducting an interview
- Elements of conversation
- The Cognitive interview technique
- Interview Mechanics
- Questions Typology
- Introductory Questions
- Methodology
- Interviewing Suspects and Signed Statements
- Analyzing Documents
- Obtaining documentary evidence
- Examining fraudulent documents
- Handling documents as physical evidence
- Sources of Expert document examinations
- Sources of Information
- Data Analysis and Reporting Tools
- Digital Forensics
- Tracing Illicit Transactions
- Report Writing
- The importance of writing effective reports
- Preparation
- Characteristics of a good report
- Common reporting mistakes
- Organization of information
- Analyzing the reader
- Outlining
- Grammatical considerations
- Report Structure
- Reporting Documents
- Visual Aids
