Financial Crime World

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Fraud Detection and Prevention: A Comprehensive Guide

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Date: [Insert Date] Location: [Insert Location]

Day 1: Understanding IT Fraud Risks and Controls

A comprehensive guide to detecting and preventing IT fraud, this course covers the risks of identity fraud, corruption, and procurement fraud. Learn how to:

  • Evaluate fraud risk mitigation
  • Identify vulnerable areas
  • Develop a toolkit for identifying potential frauds

Day 2: Developing a Fraud Prevention Process

This day delves deeper into developing a fraud prevention process, including:

  • Implementing best practices in anti-fraud policies
  • Creating a fraud consciousness loop
  • Communicating standards of expected behavior
  • Strong and consistent action when fraud is suspected

Aiming for a cost-effective balance between prevention and detection, this day covers:

  • Use of management checklists
  • Thinking like a fraudster
  • Company policies on consequences of committing fraud
  • Facilitating whistle-blowing
  • Assurance role regarding fraud
  • Computer-assisted audit techniques

This day focuses on data mining as a fraud detection tool, including:

  • Risk scoring
  • Fraud profiling
  • Automated fraud detection
  • Staying within the law
  • Legal implications
  • Handling disciplinary proceedings

Day 5: Fraud Investigation

The final day covers:

  • Managing investigations
  • Interviewing suspects and witnesses
  • Collating information
  • Maintaining the chain of evidence
  • Communicating the results of an investigation
  • Rebuilding damaged relationships

About GLOMACS

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GLOMACS is a leading provider of professional training and development programs in the fields of accounting, finance, and management. Our courses are designed to equip professionals with the skills and knowledge they need to stay ahead in their careers.

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.