Course Objectives:

By the end of this course, participants will:

1. Understand the principles and best practices of fraud risk management.
2. Learn to identify, assess, and mitigate fraud risks within an organization.
3. Gain knowledge of frameworks and tools to design and implement effective fraud prevention programs.
4. Develop skills in investigating fraud incidents and conducting root cause analysis.
5. Enhance organizational resilience by fostering a culture of ethics, accountability, and compliance.

Course Syllabus:

Day 1: Fundamentals of Fraud Risk Management

1. Introduction to Fraud Risk Management
2. Fraud Risk Assessment Frameworks
3. Red Flags and Early Warning Signs
4. Workshop: Conducting a Fraud Risk Assessment

Day 2: Fraud Prevention and Detection Strategies

1. Developing a Fraud Prevention Program
2. Fraud Detection Techniques
3. Role of Ethics and Culture in Preventing Fraud
4. Case Study: Designing a Fraud Prevention Strategy for a Hypothetical Organization

Day 3: Fraud Investigation and Reporting

1. Responding to Fraud Incidents
2. Root Cause Analysis
3. Fraud Risk Reporting and Communication