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 19% of all cases, but they caused a median loss of USD 500,000. The higher the perpetrator’s level of authority, the greater fraud losses tend to be! Given that fraud occurs at all level, with fraud losses increasing in tandem with the perpetrator level, this programme examines the key ethical dilemma commonly faced by each level of personnel in your organisation. It sharpens participants’ ability to identify red-flags of unethical practices and to implement preventive and detective anti-fraud controls. The programme guides participants to drive entity-wide initiatives to manage fraud and to understand practical challenges in their efforts.

Programme Outline

Key Ethical Dilemmas

• Discuss local and international fraud cases
• Examine trends in ethical dilemmas
• Analyse challenges faced by personnel

Red-Flags in Daily Operations

• Learn to identify red-flags in:
• Employee behaviours
• Management behaviours
• Cash and Accounts Receivable
• Payroll
• Purchasing and Inventory

Anti-Fraud Controls

• Implement anti-fraud controls to prevent and detect:
• Skimming Schemes
• Cash Larceny
• Billing Schemes
• Cash Register Disbursement Schemes
• Cheque Tampering Schemes
• Expense Reimbursement Schemes
• Payroll Schemes

Organisation-Wide Efforts to Fight Fraud

• Define the role of top management in driving organisational ethics
• Understand challenges in implementing organisation-wide initiatives

Training Methodology

Highly interactive and dynamic workshop-style discussions that engage participants through group sharing, focused activities, and case study based simulations.

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate Level Programme is intended for professionals especially in the fields of Procurement, Inventory Management, Internal Audit, Finance and Accounting and Human Resources who are involved in the activities in preventing and detecting fraud   Decision makers including C-suite, Directors and other Senior Management personnel who are responsible to drive anti-fraud policy and initiatives are welcome to attend.