Fraud & Forgeries Detection, Prevention & Response Skills Training,Nairobi and Mombasa Kenya

Fraud & Forgeries Detection, Prevention & Response Skills Training

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Introduction

Fraud negatively impacts organizations in many ways including financial, reputation, psychological and social implications. The full cost of fraud is immeasurable in terms of time, productivity, and reputation including customer relationships. Depending on the severity of the loss, organizations can be irreparably harmed due to the financial impact of fraud activity. Therefore, it is important for organizations to have a strong fraud program that includes awareness, prevention, and detection programs, as well as a fraud risk assessment process to identify fraud risks within the organization.

This is a hands-on course that focuses on the steps an organization can take in order to effectively manage fraud risk and related consequences.

Expected Outcome

By the end of the course, the participants will be able to:

  • Explain the causes and drivers of fraud.
  • Explain the auditors r ole in fraud risk management.
  • Explain fraud prevention management and reporting process.

Coverage

  • Fraud awareness.
  • The International Professional Practices Framework (IPPF) for Practice of Internal Auditing (Standards) on Fraud.
  • Internal Audit Responsibilities on fraud.
  • Fraud Risk Assessment.
  • Fraud Prevention and Detection.
  • Fraud investigation.
  • Internal controls.

Program Outline

Day 1

TIME COVERAGE
8.00 – 8.30 ( as people arrive) Registration
8:30 9.30 Fraud awareness:

The fraud triangle.

Causes & drivers of fraud

Types of fraud.

Recent trends: Case studies

9.30-10.30 Fraud indicators

Behavioral indicators.

Process indicators.

Performance management indicators.

Red flags.

10.30 10.50 TEA BREAK
10.50 11.50

 

Types of Fraud

Forgeries & counterfeits

Financial transactions.

Financial reporting

Money laundering

11.50 1.00 Types of Fraud

Procurement.

  • Documentary
  • IT related fraud.
1.00 2.00 LUNCH
2.00 – 3.30 Case studies on fraud:

Financial Services.

Manufacturing.

Trade.

Public sector.

3.30 – 3.50 TEA BREAK
3.50-4.50

 

 

 

The International Professional Practices Framework

(IPPF) for Practice of Internal Auditing (Standards) on Fraud

Purpose

Scope

Application

END OF DAY ONE

Day 2

TIME COVERAGE
8.00 – 8.30 ( as people arrive) Registration
8:30 9.30 Roles & Responsibilities for Fraud

Regulators

Board of Directors.

Risk/Audit committee

9.30-10.30 Roles & Responsibilities for Fraud

Management.

Legal counsel.

Employees

10.30 10.50 TEA BREAK
10.50 11.50

 

Roles & Responsibilities for Fraud

Professional associations.

Clients

Suppliers

11.50 1.00 Roles & Responsibilities for Fraud

Fraud investigators.

ICT Service providers

1.00 2.00 LUNCH
2.00 – 3.30 Roles & Responsibilities for Fraud

  • Fraud investigators.
  • Risk & compliance
  • Human resources etc.
3.30 – 3.50 TEA BREAK
3.50-4.50

 

 

 

Fraud: Internal Audit Responsibilities

  • Conducting Audit Engagements.
  • Internal Auditor Skepticism
  • Communicating With the Board
END OF DAY ONE

 

Day 3

TIME COVERAGE
8.00 – 8.30 ( as people arrive) Review of Day 1
8:30 9.10.30 Fraud Risk Assessment

  • Identifying Relevant Fraud Risk Factors
  • Identifying Potential Fraud Schemes and Prioritizing Them Based on Risk
  • Mapping Existing Controls to Potential Fraud Schemes and Identifying Gaps
  • Testing Operating Effectiveness of Fraud Prevention and Detection Controls
  • Documenting and Reporting on the Fraud Risk Assessment
10.30 10.50 TEA BREAK
10.50 11.50

 

Fraud Prevention and Detection

Fraud training

Fraud detection

Fraud policy

11.50 1.00 Fraud Investigation

  • Investigation Process
  • Internal Auditings Role in Investigations
  • Conducting the Investigation
  • Reporting Fraud Investigations
  • Resolution of Fraud Incidents
  • Communications of Fraud Incidents
1.00 2.00 LUNCH
2.00 – 3.30 Internal controls

Preventive controls

Detective controls

Corrective controls

3.30 – 3.50 TEA BREAK
3.50-4.50

 

 

 

Case studies

Internal Fraud

External Fraud

END OF DAY THREE

 

 

Dolphins Training & Consultants ltd

View Park Towers ,10th Fl ,Utalii Lane & L584-off UN Avenue, Gigiri.
P O Box 27859 00100 Nairobi, Kenya Tel +254-20-2211362/4/5 or 2211382 Cell+254-712-636404
training@dolphinsgroup.co.ke www.dolphinsgroup.co.ke

Your No.1 Corporate Training Partner DIT No./ 711

 

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