PROGRAM DETAILS

Introduction 

Fraud and corruption can have a significant impact on organizations, causing financial losses, reputational damage, and legal consequences. To prevent and detect fraud, organizations need to have a robust system of internal controls and effective forensic auditing processes. The Fraud and Forensic Auditing training program is designed to equip participants with the knowledge and skills needed to conduct effective fraud investigations and implement fraud prevention measures.

The program provides participants with a comprehensive understanding of fraud and corruption, and equips them with the skills and knowledge needed to prevent, detect, and investigate fraud. The program covers a range of topics, from forensic auditing techniques and internal control to risk management and auditing, and provides participants with practical tools and techniques that they can apply in their work.

Learning Objectives:

By the end of this training program, participants will be able to:

• Understand the nature and scope of fraud and corruption
• Identify the types of fraud schemes and how they are perpetrated
• Conduct fraud investigations using forensic auditing techniques
• Design and implement effective fraud prevention measures
• Enhance their professional skills in risk management, internal control, and auditing

Training Methodology:

The training program will use a combination of lectures, case studies, group discussions, and hands-on exercises to provide participants with a practical and engaging learning experience. The program will be delivered by experienced fraud and forensic auditing professionals who will share their insights and expertise with the participants. 

Target Audience:

The program is designed for professionals who are involved in auditing, risk management, internal control, compliance, and investigation functions. This includes internal auditors, external auditors, fraud examiners, forensic accountants, financial analysts, and other professionals who are responsible for preventing, detecting, and investigating fraud and corruption.

Day 1: Understanding Fraud and Corruption

• Introduction to fraud and corruption
• Types of fraud schemes and their characteristics
• Fraud risk assessment and management
• Fraud prevention and detection strategies
• Legal and regulatory framework for fraud and corruption

Day 2: Forensic Auditing Techniques

• Overview of forensic auditing
• Evidence gathering and documentation
• Forensic data analysis and visualization
• Fraud investigation techniques
• Interviewing and interrogation skills

Day 3: Internal Control and Risk Management

• Internal control framework and its components
• Designing and implementing effective internal controls
• Risk assessment and management
• Fraud risk management and mitigation
• Compliance and ethics

Day 4: Auditing and Investigation

• Overview of auditing and investigation
• Fraud auditing procedures and techniques
• Audit planning and execution
• Fraud detection and reporting
• Litigation support and expert witness testimony

 Day 5: Professional Development and Best Practices

• Professional development and career paths
• Best practices in fraud prevention and investigation
• Emerging trends in fraud and forensic auditing
• Case studies and practical applications
• Closing remarks and feedback