Business Fraud Prevention: 6 Critical Actions

In this program, we’ll work together through the proven action steps required to create and lead a meaningful organization-wide fraud prevention initiative. We’ll dive straight into the six key components of fraud prevention, deterrence and quick detection campaigns giving every participant an action road map for immediate implementation on the job.

Based on over 40 years of Fraud Risk Management experience, this program is short on theory and long on practical ‘How-To’ instructions on what you should do and what gets on the way of effective Anti-Fraud Campaigns. You’ll benefit by building a stronger defense against the risks of wrongdoing, misconduct, theft and outright fraud – and you’ll be able to apply the ideas right away with minimal cost and maximum effect.

• Explore the six critical components of a Business Fraud Prevention Campaign
• Recognize what Leaders at all levels must do – and avoid doing! – in the fight against fraud
• Calculate current fraud and theft losses – as the critical starting point for improvement (and bottom-line savings!)
• Identify how to efficiently conduct a Fraud Risk Assessment – and why it’s so important in every department and location
• Discover the core anti-fraud infrastructure components you must have in place
• Explore proven Anti-Fraud Hard Controls – policies, procedures and other structural defenses
• Discover Anti-Fraud Soft Controls – why the humans in the equation must buy-in to your anti-fraud program and what they have to do every day
• Recognize how to manage special fraud challenges from third-party relationships, controls failure, and limited time
• Identify how to make your anonymous reporting hotlines come alive with useful tips from employees and other heroes
• Discover how to use “How Do I Know?” while reviewing and approving transactions

• Six critical components of an effective Business Fraud Prevention Campaign
• How to calculate existing fraud losses – with pecision and clarity?
• How to brainstorm fraud risks – in every department?
• The 3 C’s of fraud – Commit, Convert & Conceal
• Fraud red flags, indicators & symptoms in records & behaviors
• How to use Root Cause Analysis in fraud detection efforts?
• The importance of ‘Look – Ask – Doubt – Resovle’ before approving transactions
• Fraud examples and related indicators in business transactions
• How to develop & provide fraud prevention skills training to every employee – at minimal cost?

Leaders in any business organization must effectively manage risks – including the risks of theft, wrongdoing, misconduct and outright fraud. But for most, the required skills are not among their core competencies. This program closes that skills and action gap with six proven components that any organization should and can easily put into place at minimal expense. Applicable for first level supervisors up thru the C-level executive suite and Board.

• CEO
• CFO
• Accounting and Finance Team
• Operations Managers
• Every Supervisor
• Key Control Staff
• Internal Auditing Department
• Compliance Team
• Chief Risk Officer
• Board members

This program brings measurable value to leaders in any organization, including for-profit business, not-for-profits, government entities at all levels, plus education from universities to local school districts.

John J. Hall, CPA is the founder and President of Hall Consulting, Inc., the creator of FraudPreventionPro.com (new in 2020), and the author of the award-winning book “Do What You Can! Simple Steps – Extraordinary Results”. John specializes in skills training programs and conference presentations for management groups, government and internal auditors, CPAs/CAs, Board members, and professional associations. Over 2,500 live in-person and virtual program presentations to date.

John has over 40 years of experience as an consultant, speaker, auditor, and business owner. He has worked in senior leadership positions in major corporations and international public accounting and consulting firms. John is a member of the National Speakers Association, the American Institute of CPAs, and the Institute of Internal Auditors.