FRAUD & DECEPTION - DETECTION & PREVENTION STRATEGIES

WORKSHOP INTRODUCTION

Fraud risk is something that businesses small or big cannot ignore and whether you are there for profit or non-profit, fraud is something that you cannot ignore. Even governments face fraud risk and the only way to combat fraud is to fight it in its very own backyard. Fraud risk CANNOT be eliminated and can only Accepted, Avoided, Reduced or Transfer.

The irony of this is quite simple: FRAUD STARES AT US AND WE CHOOSE TO IGNORE IT. THE TELL TAIL SIGNS ARE STARING AT US AND WE KNOWINGLY OR UNKNOWINGLY CHOOSE TO IGNORE IT.

WORKSHOP OBJECTIVES

Learn about the Fraud Tree – Occupational Fraud and Abuse – Corruption, Asset Misappropriation and Fraudulent Statements
Identify and understand the Red flags
Development of Detective and Preventive controls that can be applied to Reduce or Transfer the risk of Fraud

KEY TAKEAWAYS

Fraud Policy
Whistle-blower Policy
Employee Protection Policy
Template for testing the effectiveness of Detective and Preventive Controls. The template includes commentary of the testing methodology and documentation procedures.

PROGRAM OUTLINE

Understanding of key concepts in the space of Fraud and Deception
Deliberation of framework and strategies in the space of Fraud and Deception
Learning on how to develop fraud scenario and its corresponding mitigating controls – both Detective and Preventive

COURSE INFORMATION

Date: On demand
Venue: To be advised
Duration: 4 Days
Time: 9am to 5pm (9 hours including 1 hour lunch break and 2 tea-breaks of 20 minutes. 30 minutes Questions and Answers and 30 minutes for Competency Assessment - Optional)
Fees: Singapore Dollars 4999 (before GST) per participant
10% discount for 2 or more participants from the same the Company
20% discount for 4 or more participants from the same the Company