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Programme Objective Do you know that according to the Association of Certified Fraud Examiner’s 2014 Report to the Nations, employees committed 42% of occupational frauds but only caused a median loss of USD 75,000? Managers ranked in the middle, committing 36% of frauds with a median loss of USD 130,000. Conversely, owners/executives only accounted for[...]

Programme Objective The financial world has been rocked by financial scandals over the years: Enron (2001), WorldCom (2002), Freddie Mac (2003), AIG (2005), Lehman Brothers (2008), Bernie Madoff (2008), Olympus (2011), Toshiba (2015). Yet, the number of fraud cases continue to rise, with the latest cases in Luckin Coffee (2020) and Wirecard (2020) which are[...]

Programme Objective How do you spot a procurement fraud? It is prudent to look out for "red flags" of procurement fraud in everyday working life. A red flag is an indicator that there may be issues or concerns, but does it mean that a fraud incident has occurred? Can you recognise a red flag when[...]