INTRODUCTION

This course on Forensic Audit training is designed for those who wish to learn about the most common white-collar crime in business-fraud. Fraud is a phenomenon encompassing the fraud triangle – opportunity, rationalization and pressure – which includes many human psychological components. This Data-Afrique training course is designed to dive deep into the why, the how and the who, as we discuss what the typical fraudster ‘looks like’ and why they decide to perpetuate a crime against a company.

Upon studying the various ways in which white collar criminals do their work, the course reviews, with real examples, the ways in which companies combat fraud, in both preventive and detective ways. Further, we explore some of the more common types of fraud discovery, including the use of big data and analytics tools, through case study. Finally, we look at ways in which internal controls can help or hinder fraud prevention via the use of hands on exercises where you design the fraud control. Come learn about how to protect your company’s assets against white collar crime!

COURSE OBJECTIVES

At the end of the course, the participants will be able to:

• Identify the signs of possible fraud within the workplace
• Select the appropriate audit procedures to be followed in conducting a fraud audit
• Select and explaining the areas of risk and exposure to fraud in a company situation
• Describe the various remedies available to those who suffer a loss through fraud
• Utilize cutting-edge tools in fraud discovery and prevention

DURATION

2 Weeks

WHO SHOULD ATTEND

This course is suitable to:

• All business professionals and forensic auditors interested in the field of fraud examination
• Individuals who may be considering starting a practice focused on fraud deterrence and detection
• Experienced anti-fraud professionals seeking to complement existing practical experience with the knowledge of a leading anti-fraud professional
• Auditors
• Internal Auditors
• Risk Managers
• Compliance Managers
• Board of directors

COURSE CONTENT

Module 1: Criminology & Ethics

• Understanding the Nature of Fraud
• Reflecting on Why People Commit Fraud
• Studying the Fraud Triangle
• Reviewing the Financial and Personal Vices often leading to Fraudulent Behavior
• Profiling a Fraudster

• Causes of fraud
• Prevention of fraud

Module 2: Legal Elements of Fraud

• Rules of evidence
• Key legal rights and privacy issues

• Understanding Fraud Measures in Your Organizations
• Discussing the Ways in which companies Fight Fraud Today
• Considering the Gaps in Internal Control Structure
• Identifying Preventive Fraud Controls
• Identifying Detective Fraud Controls

• Testifying

Module 3: Fraudulent Financial Transactions

• Internal fraud schemes
• External fraud schemes
• Evaluating financial information
• Using software in fraud examinations

Module 4: Fraud Investigation

• Inquiring Methods and Fraud Reports
• Interviewing Techniques & Tricks
• Understanding Financial Statement Fraud
• Understanding Revenue / Inventory-related Fraud
• Understanding Other Types of Fraud
• Understanding Consumer Fraud

• Evaluating deception
• Report writing

Module 5:

• Recognizing the Symptoms of Fraud
• Appreciating Whistle-blowing within Organizations
• Following up to Fraud Reports by Whistle-blowers
• Investigating the Purported Fraud
• Using Data-driven Fraud Analysis Techniques (Introduction)

Module 6: The steps involved in conducting an internal investigation

• Forms of detection
• Elements required to establish evidence of theft
• The power of the investigator
• Lies, lies and more lies
• Obtaining confessions

• Using Data-driven Fraud Analysis Techniques
• Using Data-mining Software and Procedures
• Grinding through the Data and Discovering the Gold Nuggets
• Investigating Theft Acts
• Investigating and Determining of Concealment has Taken Place

Module 7: Internal and external document collection and analysis

• The chain of custody
• Gathering evidence legally
• The reliability of evidence gathered

Module 8: Develop interviewing skills

• Interviewing witnesses
• Conducting admission seeking interviews
• Lies, lies and more lies
• Obtaining confessions

Module 9: Documenting evidence

• Relevance of evidence
• Exclusion of the evidence

Module 10: How to testify as a fact witness

• The auditor in court

GENERAL NOTES

• This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
• Training manuals and additional reference materials are provided to the participants.
• Upon successful completion of this course, participants will be issued with a certificate.
• We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: training@data-afriqueconsultancy.org
• The training will be conducted at DATA-AFRIQUE TRAINING CENTRE, Nairobi Kenya.
• The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.
• Payment should be sent to our bank account before start of training and proof of payment sent to: training@data-afriqueconsultancy.org