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Detecting and Preventing Internal and External Fraud

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Organizations of all kinds and sizes are increasingly threatened by fraud. Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. This two day interactive in-person seminar will provide auditors and other financial professionals with a strong foundation of practical knowledge about how common frauds are committed using a combination of lecture, exercise and group breakout sessions.

Event Type:
Conference/Seminar
Date:
Feb. 21, 2020
Location:
Raleigh , NC , USA

Upon completing this program, participants will be able to

  • Define and describe the main types of fraud threatening their organization
  • Understand the motives driving most forms of internal fraud
  • Be able to recognize the Red Flags of the main types of fraud that they are likeliest to encounter
  • Be able to take appropriate action to report actual or suspicious conduct to the proper officials within the organization or via a third-party confidential hotline.

  • Internal and external audit professionals
  • Internal control professionals
  • Finance and accounting management
  • Compliance professionals
  • Loss prevention and risk specialists
  • Security professionals
  • Fraud examiners
  • Procurement/purchasing and Payables Specialists

Day 01(8:30 AM - 4:30 PM)
  • PART ONE: INTRODUCTION AND EXTERNAL FRAUD (1 hour)
  • Introduction
    • Fraud: The Big Picture--Key Statistics and Why We Must ALL be Concerned about Fraud at Your Organization
    • The “Human Element” of Fraud” Why People Steal (Fraud Triangle, Greed, Technology, etc.)
  • External Fraud (1 Hour)
    • Common Types of Fraud by Outsiders (with case studies)
    • Detecting The Red Flags of External Fraud
    • Controls Against External Fraud—An Introduction
    • Q& A
  • Break (15 minutes)
  • PART TWO: INTERNAL FRAUD (3.5 hours)
    • Introduction to Internal Fraud Who Commits Fraud (Fraud Triangle & Case study)
    • Employee-Level Fraud versus Management/Executive-Level Fraud
    • Common Types of Employee Level Fraud (with case studies)
    • Types of Management/Executive-Level Fraud
    • The Changing Role of Internal Auditors and other Business Units in Fraud Detection/Prevention
    • Detecting the Red Flags of Internal Fraud at all levels
    • Anti-Fraud Controls—An Introduction
  • Lunch Break (45 minutes)
  • PART THREE: EMPLOYEE AWARENESS TRAINING AS A NECESSARY ANTI-FRAUD CONTROL (1 hour)
    • Customized Training Objectives
      • Supporting the Company’s Culture of Honesty and Ethics
      • Setting Tone at the Top
      • Maintaining Positive Work Environment
      • Detecting and Preventing Ethical/Fraudulent Conduct Early to Avoid Financial and Reputational Damage
  • Q&A (30 minutes)

Peter Goldman has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. Mr. Goldman is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine.

He is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. He is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books. He also developed FraudAware, a leading fraud awareness training program.

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