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

Continuing Professional Education for Audit, Assurance, & Info Security

View Training Register Now

Course Description

Employees are the front-line defense against fraud in any organization. But too often, this powerful group of fraud watchdogs is neglected or ignored because management fails to educate them in how to detect and report fraudulent or suspicious conduct.

In this course, you will learn how to build a highly effective fraud awareness training program for educating existing employees and new hires so they are well prepared to detect red flags of fraud and blow the whistle.

We will discuss:

  • Why ethics and compliance policies are helpful in raising awareness but not nearly good enough
  • Basics of building an anti-fraud policy to boost employee awareness
  • Best practices for fraud training in small, medium and large employee groups
  • Who should be in charge of fraud awareness training
    Critical contents of an highly effective fraud awareness program
    Monitoring employees’ level of awareness about fraud issues
  • How to ensure that heightened awareness is put to practical use through whistleblower hotlines and other reporting channels

Learning Objectives

  • Understand the critical importance of implementing a comprehensive fraud awareness program
  • Understand the options available for achieving high levels of awareness, with commensurate costs
  • Know how to build the blueprint for your organization’s awareness program
  • Be able to measure the effectiveness (and areas for improvement) of your awareness program

Course Outline

The Case for Fraud Awareness

  • Fraud Statistics: Why it is so important to wage war against fraud now
  • Why bother with awareness training?

How to Train

  • Training Delivery Options (Pros and Cons):
    • Classroom style
    • Live, onsite
    • Live, Virtual Classroom
    • Webinars
    • Self-study
  • Frequency of training

What should you teach in you awareness program?

  • Why fraud affects everyone in the company
  • Who commits fraud
  • Descriptions of the major fraud types threatening your organizations
  • Making the session relevant
  • Recognizing the red flags of fraud
  • Specific steps to take when you detect red flag(s)

Putting fraud awareness to work

  • Getting employees to use their fraud knowledge to use the hotline
  • How to set up a highly effective hotline
    • The key steps to a good hotline
    • Who should “own” the hotline process
    • Avoiding the risky traps in fielding hotline calls
    • In-house or 3rd party hotline provider?
    • The question of rewards for whistleblowers
  • Case studies

Additional Information

Who Should Attend
  • Internal and external auditors
  • HR managers
  • Legal counsel
  • Compliance officers
  • Ethics officers
  • Corporate training managers
  • Senior financial managers
Learning Level

Intermediate

Delivery

Group-Live & Group Internet-Based

Field

Auditing

Advanced Preparation

None

Recommended Prerequisites

General understanding of employee training, corporate culture and code of conduct

Session Duration

Online: 2 three hour sessions

On Site: 1 day

CPE Credits: 8