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

Continuing Professional Education for Audit, Assurance, & Info Security

Course Description

Fraudsters love chaos because it provides opportunity. The situation with COVID has upended normal processes and activities leaving everyone, business and individuals, more susceptible to fraud. The ACFE recently reported research has found more that more than 4,000 coronavirus related domains have been registered since January 2020. It is expected many of these will be used in phishing schemes. Changes in organizational processes and professional interactions will create opportunity for fraud.

This course will examine the most likely and anticipated fraud schemes to occur as a result of COVID and how to prevent and detect new and emerging fraud and fraud risk. It will look at the changes in pressure and opportunity for fraud as related to the significant changes being experienced and what organizations should be doing to prepare and deal with increased fraud risk.

Learning Objectives

  • What’s changed and why it will provide opportunity for fraud
  • What auditors, accountants, fraud examiners should be looking at in their organizations
  • What individuals should be concerned about personally
  • Things we can all do post COVID-19 to fight fraud

Course Outline

The Most Anticipated Fraud Schemes Due to COVID

  • Business Email Compromise
  • Third-party Schemes
  • Government Stimulus Programs
  • Charity and Fundraising
  • Phishing and Smshing
  • Cyberbreaches
  • Unemployment

Understanding the Change in Opportunity for Fraud

  • Changes to processes and the control environment
  • “Short-term” workarounds, exceptions and adaptations
  • Reduced oversight and governance
  • Changes in supply change, vendor processes

Understanding the Change in Pressure to Commit Fraud

  • Change in professional and personal interactions
  • Fear – financial, health, job security
  • Unrealistic expectations and goals

Fraud Prevention, Detection and Deterrence after COVID
Training

  • Anti-fraud programs
  • Updating policies, procedures
  • Monitoring and reversing short-term exceptions and workarounds

Additional Information

Who Should Attend
  • Internal audit and external staff and management
  • Internal control professionals
  • Accountants
  • Operations staff
Learning Level

Intermediate

Delivery

Group-Live and Group-Internet

Field

Auditing

Recommended Prerequisites

Auditors with at least 1 year experience in order to draw upon their professional audit experience

Session Duration

On Site: 1 day

CPE Credits: 8

Questions? Contact us

Phone: +1 (781) 784-4390
Fax: +1 (781) 705-2327
Email: fill out form below

[recaptcha size:compact class:captcha]