Internal Audit Training, IT Audit Training Courses, Information Security Training - CPE Interactive

Continuing Professional Education for Audit, Assurance, & Info Security

Course Description

All organizations are subject to fraud risk. ACFE studies show that on average 5% of revenue is lost to internal fraud schemes within an organization. Creating fraud awareness in an organization and understanding how to properly identify and assess potential fraud risk will help an organization to develop an effective fraud program that can reduce the potential financial, reputation and organization risks that can be associated with fraud. The ability for an organization to prevent and detect fraud begins with fraud awareness – how it occurs, what the characteristics of fraudsters and what to do when fraud is suspected.

This class is designed to help individuals learn and develop the skills necessary to help drive, implement and execute an effective Fraud Awareness Training Program in their organization as part of an overall Fraud Prevention Program through the use of case studies, best practices and exercises with the class.

Learning Objectives

  • Understanding the fraud triangle
  • Understanding fraud fundamentals
  • Characteristics of fraudsters
  • Knowledge of Prevention and Detection Programs for Fraud
  • Understanding the importance of Ethics, Compliance and Tone at the Top
  • How to identify the Red Flags of Fraud
  • How to implement a Fraud Awareness program

Course Outline

Why Fraud Awareness is Necessary for Every Organization

  • ACFE 201s Report to the Nations
  • Case Studies and Examples

Principals for Managing Fraud Risk in an Organization

  • Governance
  • Fraud Risk Assessment
  • Prevention
  • Detection
  • Reporting

Fraud Basics

  • The Fraud Triangle
  • Fraud Statistics
  • Fraudsters – characteristics and behaviors
  • Recognizing Red Flags for Fraud

Fraud Awareness Core Requirements

  • Hotlines
  • Ethics Training
  • Code of Conduct
  • Tone at the Top

Implementing Fraud Awareness Training in Your Organization

  • Define the Training Needs
  • Develop the Learning Objectives
  • Select the Target Audience
  • Select the Training Methods
  • Develop the Training Content
  • Administer the Training
  • Evaluate and Improve the Training

Additional Information

Who Should Attend
  • Internal Audit (Operational, Financial, and IT) staff and management
  • Internal Control professionals
Learning Level

Intermediate

Delivery

Group-Live

Field

Auditing

Advanced Preparation

None

Recommended Prerequisites

None

Session Duration

Online: N/A

On Site: 1 day

CPE Credits: 8