Fraud Risk Assessment Course


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We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.


June 2024

Code Date Duration Location Fee Action
FRA006 24 Jun 2024 - 28 Jun 2024 5 days Cape Town, South Africa $2,400 Register
FRA006 24 Jun 2024 - 28 Jun 2024 5 days Nairobi, Kenya KES 83,000 | $1,100 Register
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June 2024

Date
Duration
Location
Fee
Action
24 Jun - 28 Jun 2024
5 days
Cape Town
$2,400
24 Jun - 28 Jun 2024
5 days
Nairobi
KES 83,000 $1,100
I Want To See More Dates...
I Want To See More Dates...

Introduction

A Fraud Risk Assessment course educate the participants on the methods, techniques, and strategies involved in identifying, assessing, and mitigating fraud risks within an organization. This course is valuable for professionals seeking to enhance their skills in fraud risk management and for organizations aiming to strengthen their internal controls and reduce the likelihood of financial losses due to fraudulent activities.

Duration

5 Days

Who Should Attend?

  • Risk Managers
  • Internal Auditors
  • Compliance Officers
  • Forensic Accountants
  • Fraud Examiners
  • Law Enforcement Personnel
  • Internal Control Professionals
  • Managers and Executives

Course Level:

Course Objectives

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of         fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Define and explain the concept of fraud.

·         Differentiate between fraud, error, and abuse.

·         Explore various types of fraud, such as financial statement fraud, asset misappropriation, and corruption.

·         Develop and implement strategies to mitigate fraud risks.

·         Identify and prioritize fraud risks for appropriate mitigation actions.

·         Develop and implement strategies to mitigate fraud risks.

·         Identify and prioritize fraud risks for appropriate mitigation actions.


Course Outline

Module 1: Introduction to Fraud and Fraud Risk Management

·         Definition of Fraud

·         Types of Fraud

·         Importance of Fraud Risk Management

·         Legal and Regulatory Framework

 Understanding the Fraud Triangle

·         Fraud Triangle Components (Pressure, Opportunity, Rationalization)

·         Behavioral Aspects of Fraud

Module 2: Fraud Risk Assessment Frameworks

·         COSO Framework

·         ISO 31000: Risk Management

·         ACFE Fraud Risk Management Framework

Identifying and Assessing Fraud Risks

·         Risk Identification Techniques

·         Risk Assessment Methods

·         Scenario Analysis and Case Studies

Module 3: Internal Controls and Fraud Prevention

·         Role of Internal Controls

·         Implementing Preventive Controls

·         Segregation of Duties

Module 4: Data Analytics for Fraud Detection

·         Data Mining Techniques

·         Predictive Analytics

·         Fraud Detection Tools and Technologies

Investigative Techniques and Forensic Accounting

·         Conducting Investigations

·         Forensic Accounting Principles

·         Interviewing Skills

Module 5: Reporting and Communication

·         Reporting Fraud Risks

·         Communicating with Stakeholders

·         Whistleblower Programs

Ethics and Professional Standards

·         Ethical Considerations in Fraud Risk Assessment

·         Professional Standards and Codes of Conduct

Case Studies and Practical Applications

·         Real-world Case Studies

·         Group Exercises and Discussions

·         Hands-on Application of Fraud Risk Assessment Techniques

Emerging Trends in Fraud Risk Management

·         Cybersecurity Risks

·         Social Engineering

·         Technological Advancements and Risks


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Course Administration Details:

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected] or [email protected]

Mob: +254 715 077 817/+250789621067

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817/+250789621067 or

Email [email protected] or [email protected]

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to [email protected] or [email protected]


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