How does your organisation manage fraud risk? Do you know that according to the Association of Certified Fraud Examiner’s 2014 Report to the Nations, a typical organisation loses 5% of revenues each year to fraud? If applied to the 2013 estimated Gross World Product (GWP), this translates to a potential projected global fraud loss of nearly USD 3.7 trillion!

Based on the cases surveyed in the Report, approximately 77% of the frauds were committed by individuals working in one of seven departments: accounting, operations, sales, executive/upper management, customer service, purchasing and finance. Is fraud happening in these departments in your organisation?

The Report also showed that victim organisations which have anti-fraud controls implemented were able to detect frauds much more quickly and costs were significantly lesser as compared to organisations lacking these controls. Fraud risk management is everyone’s business. How are you helping your organisation manage fraud? Fraud prevention and detection is everyone’s business. What are the anti-fraud controls in your organisation?

This two day seminar will provide greater insights on understanding fraud schemes, the design of internal controls as well as the key challenges in fraud management.