Auditing fraud and financial crime
Presented by: Martin Robinson
Fraud and financial crime pose significant risks to the financial health and stability of every organisation. Internal audit needs to be in a sound position to provide management with proactive and up-to-date assurance over the effectiveness of controls in these key areas. This course will provide you with the knowledge and tools to audit these risks.
Who should attend?
This course is open to all.
What will I learn?
Upon completion you will be able to:
- understand the threat landscape
- identify fraud warning signs and red flags
- understand the fundamentals of good fraud risk management
- review and audit core fraud controls
- practical tips, tools and techniques.
Fraud and the role of the internal auditor
- the current fraud, scams and financial crime landscape
- IIA international standards and the role of the internal auditor
Identifying and auditing key fraud risks
- understanding your organisation’s fraud risks
- effective fraud risk assessments and registers
Hallmarks of an effective anti-fraud strategy
- fraud prevention, detection and response policies
- the importance of ethics, culture and behaviour
Understanding the human dimension
- employment policies and procedures
- staff awareness and training
Finance, payroll and expense management
- red flags and discovering fraud in your financial systems
- identifying key fraud controls
Procurement and outsourcing
- fraud risks in procurement and supply chains
- bribery and corruption key risk areas
- overview of common cyber threats
- data breaches and data theft as fraud enablers
Developing a robust audit approach
- auditing fraud at strategic and operational levels
- proactive audit planning and use of data analytics
CPE competency area covered
7 CPE points
Member: £625 + VAT
Non-member: £840 + VAT