Would you know if fraud was occurring in your organisation?  Do you know what the major fraud risks are in your business?  Does your organisation have a fraud prevention strategy?  Do you have a formal programme to tackle the risk posed by fraud?  Do you have the use of any automated fraud detection techniques?  If fraud is suspected do you have a clearly defined approach for managing the investigation? If you have answered “no” to any of the above questions you are not alone.

Recent surveys have revealed that many organisations do not have a formalised approach to fraud prevention, detection or investigation. Furthermore most survey respondents stated that their staff did not receive any fraud awareness training.

• Many organisations rely on internal controls to prevent and detect fraud. This is unwise. The fraudster invariably knows your controls well and how to bypass them.
• Futhermore, in today’s competitive environment internal controls have often been compromised as a result of restructuring, removal of management layers and employee empowerment
• Complacency, poorly applied procedures and the increasing pace of change are the fraudster’s main allies
• Add to this the ever-increasing reliance on technology, and it is no great surprise that fraud is escalating both in frequency and magnitude – in all industry sectors and all economies.
• The most worrying factor however is that fraud will be primarily committed by your own staff, and by those you probably trust the most
• One recent survey revealed that 84% of the worst frauds were committed by employees, nearly half of whom were managers with more than 5 years service.

This 2 day course delivered by Internationally recognised expert Phil Griffiths, author of several books including Risked Based Internal Auditing, will enable participants to

• develop a best practice fraud prevention programme, using the latest techniques,
• understand and apply data mining techniques to target fraud .
• develop a successful fraud investigation strategy and clearly defined approach

Who Should Attend?
Financial and General management , Internal audit managers, Security management, Fraud officers, Risk management professionals, Compliance officers, Consultants and advisors.