Safeguarding Your Organization Against Fraud

Tujuan

• Understand and explain how a fraud could take place
• Understand the motivating factors for an individual to commit fraud
• Understand and describe the various schemes in fraud
• Understand how fraud can take place in various business processes
• Understand and apply effective fraud prevention programme in your organization
• Design key control activities and policies to detect and prevent a specific fraud scheme in a business process
• Develop a fraud risk register to systematically reduce fraud risk using risk-based approach

Materi Pokok

1. Introduction to Fraud
   • The Definition of Fraud
   • How Fraud Could Take Place
   • The Fraud Triangle and its Implications
   • Who is a Fraudster?
   • How Fraud can Affect Your Organization
2. The Various Fraud Schemes
   • Corruption
   • Misappropriation of Assets
   • Financial Statement Fraud
   • Accounts Receivable Fraud
   • Illustrations and Samples
   • Video Presentation
3. How to Get Away With Fraud?
   • How Fraud Conversion Takes Place
   • Why Fraud Concealment is Important to Hide Fraud Conversion
   • The Common Techniques in Fraud Concealment
   • The Connection Between Fraud Concealment and Fraud Conversion
   • An Illustration on How a Fraud Conversion Took Place and Was Concealed to Avoid Detection
4. Fraud Prevention and Detection
   • The Difference Between Fraud Detection and Prevention
   • How Control Activities and Policies can Reduce Fraud Incidences
   • Definition of Internal Controls
   • Good and Effective Internal Controls
   • How to Design Internal Controls to Detect and Prevent a Specific Fraud
5. Control Environment
   • The Importance of Good Control Environment
   • The Five Components in COSO
   • Other Important Factors You Should Consider in Mitigating Fraud
6. Fraud Prevention Programme
   • Developing a Fraud Prevention Programme
   • The Essentials of a Fraud Prevention Programme
   • Who Owns and Responsible for Fraud?
7. Fraud Risk Register
   • What Makes a Good Fraud Risk Register
   • The Seven Steps in Developing a Fraud Risk Register
   • Prepare a Fraud Risk Register for an Identified Fraud Risk
8. Recapitulation
   • Questions and Answers
   • Review