Fraud Prevention & Detection: Taking a Risk-Based Approach

Description

As the economy downturns, so the risk of corporate fraud increases. To paraphrase Warren Buffet: “it is only when the tide goes out that you can see who has been swimming naked.”

Bernard Madoff's recent admissions regarding a "Ponzi" scheme to the tune of $ 50 billion are testament to this phenomenon.

This course takes a forensic approach. It analyses fraud risk and gives you the controls, tools & techniques to manage the risk in a cost-effective, proportionate way. You will learn the most effective ways to prevent, deter and detect fraud.

Given the damage to profits and reputation caused by corporate fraud, can you afford not to have a best practice anti-fraud framework in place at this time?

This event will be facilitated by Steve Giles.

Aimed At

Internal auditors, compliance officers, MLROs, risk managers.

Programme

Financial crime framework – 21st Century view
What is fraud? Definitions, scale & types of fraud
Responsibilities & roles
A contemplation on "Madoff" and "Stanford"
Fraud as business risk – SAS 99 & the modern approach
Motives and indicators of fraud
Key anti-fraud controls
Fraud prevention plan and the fraud risk profile
People risk and how to manage it
Ethics, integrity & the risk of “pseudo collusion”
Deterrence and the crucial role of internal audit
Modern detection techniques I – covert methods
Modern detection techniques II – data mining
Fraud awareness quiz, workplace deviancy exercise, fraud questioning techniques

Trainer Name

Steve Giles

Trainer Description

Steve qualified with Deloitte & Touche in 1983, becoming a manager and then a Group Manager in Audit. From 1990 he specialised in investigation work (including headline cases such as Polly Peck & BCCI) and transferred to Forensic Services in 1993 as a senior manager. For the next four years he worked on a variety of risk management, money laundering and fraud assignments both in the UK and abroad.

Steve left Deloittes in 1997 and since then has built up a track record of success on an independent basis in helping executives, through risk-based techniques, to find solutions to a variety of unusual business problems including accounting irregularities, money laundering issues, corporate fraud, personnel issues and claims.

Steve continues to develop his training expertise, first gained whilst working for Deloittes, and he lectures frequently on his specialist topics. He always ensures his material is not only well presented and technically up to date, but is also fresh and contains practical advice and examples from his own experience.