No single entity (public or private) is immune to fraud!
Only those that are prepared can minimize the impact of fraud on their business!
Understand and manage fraud-related risks
All organizations, large and small, public and private face fraud-related risks. In the public sector, the Auditor General reports chronicle large losses of public resources. Globally, organizations in the private sector lose not less than 5% of their revenues to fraud. The situation is exacerbated by the ubiquitous use of technology that speeds up fraudulent activities and leads to higher losses.
Organizations need sound anti-fraud and comprehensive proactive anti-fraud approaches. A risk-based approach would enable the effective use of resources used in the prevention and detection of fraud and commensurate responses. The approach requires fraud risk management: identification, quantification, mitigation, and monitoring of fraud-related risks.
In this course, participants will learn the specifics of fraud and fraud risk management. They will understand the most common types of fraud such as manipulation of assets, financial statement fiddling, and corruption.
The course will focus on how organizations can counter fraud as part of their risk management initiatives, including:
- Identifying, assessing, and managing fraud risks;
- Entrenching fraud risk management culture in organizations;
- Developing systems of internal control that mitigate fraud risks;
- Responding to identified cases of fraud;
- Using of technology in fraud risk management
- Fraud risks, their causes, and impacts;
- Risk management & its application to managing fraud;
- Development & implementation of fraud risk management programmes;
- Master success factors needed for effective fraud risk management;
- Appreciate the effective use of technology in fraud risk management
- Governance, risk, and compliance officers
- Managers (intermediate and senior)
- Fraud examiners & investigators;
- Auditors – internal and external;
- Accountants & financial analysts (intermediate & senior)
Fraud, risk, fraud risk; why manage fraud risk; forms of fraud; roles and responsibilities in managing fraud risk
Fraud risk and the law;
Fraud Risk Management & Risk Management Frameworks
- Fraud in the context of Risk Management
- Risk Management Frameworks; Fraud risk Management Framework
- ISO 31000 and Fraud Risk Management
- Fraud Risk Governance, Policies & Guidelines
Fraud Risk Assessment, deterrence, and control
- Fraud prevention and deterrence techniques;
- Risk Assessment & Control;
- Fraud detection methods and tools; and response
Fraud in the Era of Technology
- Impact of technology on fraud
- Technology use in Fraud Risk Management
- Frauds related to operational matters
1100 (KES 130,000) for in-class training; $500 (KES 65,000) for online classes (NB: these charges do not include taxes).
Phone No. :
+254 101 915 260
- Very good delivery & presentation; very energetic & good knowledge of the subject. Excellent work!
- Complementary instructors! Superb for ease of understanding!
- Very practical and very relevant examples given
- Practical nature of the topics and its relevance to the business
- Excellent practical exercise on disaster recovery and crisis communications
- The course is important to our company