Fraud Prevention

SUITABLE FOR:

Director General, Auditor - Generals, General Managers, Finance Directors, Financial Controllers, Treasury Managers, Finance Managers, Accounts Managers, Treasury Analysts, Financial and Management Accountants, Auditors, Financial Analysts, Accounts Supervisors and Accounts Superintendents.

OBJECTIVES:

By the end of the workshop, delegates will have:

• Have developed the skills necessary to strengthen the integrity of their organisations and to reduce corruption.
• Have developed the objectives, strategies and measures required to ensure that accountability is upheld.
• Have a better understanding of the enterprise – wide risk management
• Have knowledge of Best Practices in Auditing (Multinational & NGOs organisation) around the world
• Have knowledge of the techniques used in the conduct of internal and external audits.
• Have a greater understanding of the techniques of measuring financial and operational risk.
• Learn about best practices in developing risk management environment, appetite and policies.

SUMMARY:

The topics covered include:

WEEK ONE – 5  days

• Auditing and the Companies Act
• The rights and duties of an auditor under the Companies Act
• Rules of professional conduct
• Professional responsibility & liability
• The nature, purpose and scope of Auditing
• Audit evidence and internal controls
• Exercises / Case Studies
• Corporate Governance
• Objectives and strategies of governance
• The institution and legislative background
• Corporate governance and value creation
• Accountability and transparency
• Understanding the nature , causes and consequences of corruption and fraud
• Measure to reduce risks from corruption, including transparency and accountability
• Risks from ‘computer fraud’ and the advancement of technology to prevent and detect fraud
• Techniques and fundamental principles used by experienced fraud investigators
• The role of ‘serious fraud office’ in preventing fraud
• Implementing policies and procedures that prevent fraud
• Regulatory environment
• Internal control

WEEK TWO – 5  days

• Money Laundering and the auditors
• Introduction to money laundering
• International Development of law and regulations
• The role of Financial Action Task Force (FATF)
• Record keeping and money laundering reporting officer’s annual report
• Exercises / Case Studies
• Risk Management and the Auditors
• Definitions of Operational Risk, Credit and Market Risk, Liquidity Risk
• Best practices in developing risk management, environment , appetite and policies
• Liquidity risk:
  • Asset liquidity risk, funding liquidity risk
• Internal Auditing – Reliance on Internal Audit
• Lessons from financial disasters
• G – 30 report