Employee Fraud Detection And Prevention

This fraud training program will focus on understanding the fraud problem and what propels employees to commit fraud. The course will also offer essential fraud detection tools and techniques and highlight best practices for developing and implementing anti-fraud controls. The ultimate goal of all of this, of course, is to lay the groundwork for pinpointing and then remediating internal control deficiencies that provide the opportunities for dishonest employees to engage in fraudulent activity.

• Understand the fraud problem.
• Why employees commit fraud.
• Essential fraud detection tools and techniques.
• Software tools for auditing for fraud.
• Best practices for developing and implementing anti-fraud controls.
• Identify the red flags of fraud.
• How to detect and investigate fraud.
• Building an anti-fraud control environment.

RED FLAGS OF FRAUD:

FRAUD DETECTION:

Anti-Fraud Controls:

• INTRODUCTION:

   

• Statistical overview of the fraud problem.
• Who commits fraud.
• Why employees commit fraud (the fraud triangle).
• Lessons from fraudsters.
• Common types of internal fraud today.
• Conducting a fraud risk assessment and recognizing the red flags of internal fraud.
• The fraud risk mitigation cycle.
• Implementing an organization-wide system for detecting, preventing and investigating fraud.
• Fraud detection.
• How frauds are most often detected.
• Additional general detection methods.
• Data mining/analytics for fraud detection.
• Examples of fraud audit techniques at work.
• Internal controls and other fraud prevention measures.
• Who should manage anti-fraud activities.
• Internal controls: Dos and don’ts.
• Best practices in anti-fraud controls.
• General controls: Segregation of duties, delegation of authority, background investigation.
• Specific operations-level controls major fraud categories.

Organizations of all kinds and sizes are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threatening organizations.
Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.
This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

• Internal and External Audit Professionals.
• Internal Control Professionals.
• Finance and Accounting Management.
• Compliance and Ethics Professionals.
• Loss Prevention and Risk Specialists.
• Security Professionals.
• Fraud Examiners.
• Procurement and Payables Specialists.

Peter Goldmann is president of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. The newsletter is in its 15th year of publication under Peter's leadership. Peter is the author of “Fraud in the Markets: Why it Happens and How to Fight It”, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, the leading employee fraud awareness training program. A user-friendly learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct. In addition, Peter has conducted numerous on-site fraud detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies and large not-for profit organizations. He has also been a guest lecturer for college accounting and auditing courses. Peter has 30 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner. Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics (CFE).