Scheduled Program

Day 1/Session 1

  • An introduction to Fraud and Corruption

    • Fraud and Corruption Defined
    • Classes of Fraud
    • Asset Misappropriation
    • Financial Statement Fraud
    • Corruption
    • Understanding Human Behavior and the decision to steal
  • Current Fraud Trends

    • Worldwide trends in Fraud and Corruption
    • Fraud Statistics
    • A look at some recent Corporate Frauds making history
  • Anti-Fraud Programs

    • A Fraud Prevention Strategy for your organization
    • Constituent Parts of a Sound Anti-Fraud Program
    • Effective Fraud Control
    • Code of Business Ethics and Conduct
    • Let us work through a Fraud Policy for your Organization
  • Fraud Risk Assessment

    • Fraud Risk Assessment defined
    • Fraud Risk Influencers
    • What makes a successful Fraud Risk Assessment?
    • The Fraud Risk Assessment Process
    • Let’s work through a Fraud Risk Assessment Case Study
    • The Fraud Risk Register and Heat map
    • The Fraud Risk Assessment and its link to the Audit Process
  • Fraud Hotlines

    • The History of Whistle-blowing
    • The Characteristics of a successful Whistle-blowing Hotline
    • How to get the most out of your Fraud Hotline
    • The Value of Anonymity
  • Profiling the Fraudster

    • Understand the Motives
    • Identify and understand the Characteristics of a Fraudster
    • Departments most prone to Fraud
    • Positions most prone to Fraud
    • High Risk Industries

Day 2/Session 2

  • Investigating and Detecting Corporate Fraud

    • Procurement Fraud
    • Fraud in the Purchase Invoicing Process
    • Cheque Fraud
    • Credit Card Fraud
    • Payroll Fraud
    • Fraud in the Tender Process
    • Fraud in the Sales Process
    • Stock Fraud
    • Syndicated Activity
    • Balance Sheet mis-statement
    • Tips for the Investigator
    • Detection techniques

    A Short Video: Cheque Fraud and how to do it

  • Handwriting and Document Analysis

    • Counterfeiting versus Forgery
    • Forensic methods of analysis
    • Examples and Characteristics of Handwriting and Document Fraud
    • Handwriting exercise. Let us analyze our own handwriting
    • How to Analyze and identify Paper, ink, Pens, Pencils, Printers and Photocopiers
  • Interviewing Skills

    • The Skills that make a good Interview
    • The Stages of an Interview
    • Effective Note Taking
    • What about Recording?
    • Body Language and recognizing non-verbal responses
    • Role Play Interviews in class

    A Short Video: Net Worth Analysis

  • Financial Statement Fraud

    • Definition of Financial Statement Fraud
    • A study of some major Financial Statement Frauds
    • Understanding Financial Statements from a Fraud Risk Perspective
    • Who benefits from Financial Statement Fraud?
    • How is Financial Statement Fraud Committed
    • A look at Non-Financial Statement Fraud
    • Red Flags

    A Short Video: An Interview with a Fraudster

  • Blockchain and Cryptocurrency/Bitcoin Investigations

    • Understanding Blockchain and Blockchain Forensics
    • What are the Fraud Risks?
    • Fraud Prevention in the Blockchain
    • Currency flow diagrams
    • Blockchain analytics
    • Wallet Risk Score Ranking
  • Evidence Gathering and Preparing for Court

    • Introduction and types of Evidence
    • Ordinary Witness versus Expert Witness
    • Subpoena’s to attend
    • The Admissibility debate
    • Testifying as an Expert Witness
    • Courtroom Testimony Tips
    • The Forensic Opinion. Factual Findings

    A Short Video: How the FBI conducts Forensic Investigations

Day 3/Session 3

  • Anti-Money Laundering (AML)

    • Let’s work through an AML case-study
    • The three levels of AML - Placement, Layering and Integration
    • A typical Money Laundering Scheme
    • Al Capone and the origin of the phrase “money Laundering”
    • International Anti-Money Laundering Organizations and Initiatives
    • Some recent cases
    • Bitcoin and its use in Money Laundering
    • A walk through the Financial Action Task Force (FATF) AML Principles
  • The World biggest Money Launderers

    • A look at some huge Money Laundering cases
  • Anti-Bribery and Corruption

    • Bribery and Corruption, Managing the Risk
    • The Foreign Corrupt Practices Act (FCPA)
    • Let’s work through an FCPA Compliance Review
    • The UK Bribery Act (UKBA)
    • The importance of Managing Conflicts of Interest
    • The Workings of Transparency International
    • Let’s look at Transparency International’s Corruption Perception Index
    • An examination of some of the World’s Worst Corruption Cases

    A Short Video: An Interview with a Corrupt Banker

  • Computer Forensics and Data Analytics in Fraud Detection

    • How technology assists both the Fraudster and the Investigator
    • Mining Data to spot the anomalies
    • The Admissibility debate
    • Analyzing data sets using Forensics Software
    • Let’s work through a data analytics case study
    • Identifying the Red Flags
  • Cybercrime

    • Internet based Fraud
    • Let’s work through a real-life Cybercrime example/case study
    • The Inquisitive IT employee
    • How Hackers can help us
    • Be on guard for that rogue email address
    • Social Engineering
    • A Cybercrime Policy to Protect your Organization
  • Financial Scams and Social Media Fraud

    • The Risk of using the Internet for transfers of Value
    • Social Engineering Fraud
    • Pyramid and Ponzi Schemes defined
    • Lottery Fraud Schemes
    • I.D. Theft
    • “Too good to be true” Investment Scams
    • ATM Fraud
    • “419” Schemes/Advance Fee Fraud

Day 4/Session 4

  • Integrating Fraud Control into your Internal Control Strategy

    • Levels of Internal Control
    • 3 (now 5) Lines of Defense Model
    • A Strategy for Implementing Fraud Control
    • Designing an Internal Control Environment to include Fraud Management

    A Short Video: Fraud in Australia Post

  • The Role of Audit in Managing Fraud

    • Audit and Assurance as a fundamental Fraud Control
    • External Audit and Internal Audit Roles in Fraud Prevention and Investigation
    • Accounting Guidelines and Best Practices
    • Fraud Investigation Techniques for Internal Auditors
    • Fraud Prevention for Internal Auditors

    A Look at Some World-Wide Recent Fraud Scandals