THE FRAUD PREVENTION, DETECTION AND RESPONSE SEMINAR 21-22 MARCH 2019, AT THE KSMS, NAIROBI, KENYA
THE FRAUD PREVENTION, DETECTION AND RESPONSE SEMINAR 21-22 MARCH 2019, AT THE KSMS, NAIROBI, KENYA
Introduction .
- Did you know that it is estimated that fraud cost the world economy more than 300 trillion Kenya shillings in 2018?
- Would you know if fraud was occurring in your organisation now?
- 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 response.
This Delight Africa training seminar on Fraud Prevention, Detection and Response will help you to:
- Evaluate the likely frequency of cost of fraud in your organisation
- Develop a world-class fraud prevention programme
- Assess fraud scenarios by means of actual fraud cases
- Target key areas of fraud with proven detection techniques
- Significantly reduce the opportunities for corruption
Objectives .
After completing this Delight Africa training course you will be able to:
- Evaluate and challenge management’s fraud risks
- Understand how a fraudster thinks
- Apply successful techniques to help prevent fraud
- Promote an effective fraud prevention process
- Adopt data mining as a fraud prevention and detection tool
- Apply an effective fraud investigation process
- Apply audit skills to fraud investigation
- Spot when someone is not telling you the truth
Organisational Impact .
This Delight Africa Fraud Prevention, Detection and Response training course will benefit organisations in all business sectors and will provide both public and private owned businesses with a much greater appreciation of the ever increasing risk posed by fraud, and how to deal with these threats.
This Delight Africa training course will enable organisational knowledge to be enhanced in the following areas:
- The breadth and impact of fraud risks, especially on business reputation
- The range of fraud indicators
- Achieving a cost-effective balance between prevention and detection
- The legal implications
- The need for vigilance
- Developing an anti-fraud policy
Personal Impact .
This Delight Africa training course will enable delegates to enhance their personal knowledge in the following disciplines:
- Evaluating the fraud risks
- Using interrogation techniques to detect fraud
- Developing an effective fraud mitigation programme
- Completing a successful fraud investigation
- Delivering fraud awareness sessions to management
Who Should Attend? .
This Delight Africa training course is suitable to a wide range of professionals but will greatly benefit:
- Managers needing a broader understanding of how to investigate all types of fraud
- Auditors who need to learn about the most modern approaches to fraud prevention and investigation
- Members of fraud teams who need to learn more about targeting internal fraud
- Managers needing a broader understanding of how to prevent and detect fraud
Seminar Outline .
Day 1: Fraud Risks
Background
- Why is fraud such a serious issue?
- The Cost of Fraud
- Profile of a Fraudster
- Trends and Statistics regarding Detected Fraud
- Why fraud is probably being perpetrated now in your organisation?
Evaluating the Fraud Risks
- Fraud Risk Management Process
- Building a Picture of the Major Fraud Risks
- Supplier and Outsourcing Fraud
- Fraud Risk Matrix
- Fraud Scenarios
- Design of Controls to Prevent Fraud
- Physical and Logical Access
- Supervision
Exercise 1 - Identifying the fraud risks in your organisation
Identity Fraud
- Identity Fraud – The Fastest Growing Fraud Risk
- Identity Fraud Examples
- How to protect your business?
Exercise 2 - Discussion about identity fraud
The Risk of Corruption
- Corruption Causes
- Corruption Indicators
- Fraud Red Flags
- Procurement Fraud Risks
- Bid Rigging – The issues to look for
Exercise 3 - Identifying corruption indicators
Day 2: Fraud Prevention & Response Process
Fraud Mitigation
- How to evaluate fraud risk mitigation?
- Why controls may not protect you?
- Putting Yourself in the Mind of the Fraudster
- Examination of Typical Controls in Place to Mitigate the Risks
- Identifying the Vulnerable Areas
Exercise 4 - Understanding how fraudsters think
Procurement Fraud
- Tendering and Bidding
- Common Indicators
- Supplier and Outsourcing Fraud
- Procurement and Inventory Fraud Risks
- A Procurement Fraud Checklist will be Provided
Exercise 5 - Fraud mitigation
Fraud Indicators
- The Top 30 Fraud Indicators
- How to spot the danger signals?
- Developing a Toolkit for Identifying Possible Frauds
- An Auditor’s Fraud Toolkit will be Provided
Exercise 6 - The fraud indicators
Implementing a Best Practice Fraud Prevention Process
- Introducing Effective Anti-fraud Policies
- Creating a Fraud Consciousness Loop
- Development of a Fraud Awareness Training Programme
- Communicating Standards of Expected Behaviour /Ethics
- The Need for Strong and Consistent Action When Fraud is Suspected
- Electronic Data and Asset Protection
- The Relationship between Fraud, Risk and Control
Exercise 7 - Developing a fraud awareness training programme
Aiming for a Cost-effective Balance between Prevention and Detection
- Use of Management Check-lists
- The Need to be Able to Think like a Fraudster – To be able to prevent it
- Company Policy on Consequences of Committing Fraud
- Facilitation of Whistle Blowing
- Whistle Blowing Policy
- Pros and Cons of External Hot-lines
- Use of Specialists to Aid Detection and Investigation
- Preparing and Implementing Fraud Contingency Plans
- How to ensure fraud investigation is always given top priority?
- Use of Successful Fraud Investigation as a Moral Deterrent
- Managing the External Coverage of Proven Fraud
Exercise 8 - Fraudulent documents
Venue: The Kenya School of Monetary Studies
Dates: 21st- 22nd March, 2019
Course Fee: Ksh. 44,600 inclusive of 2 days attendance, meals, seminar kit and taxes.
Payment and Discount Scheme:
Package of 3 Delegates + 1 Free
Do you have a number of staff who would benefit from this course? For confirmation of participation, please submit name(s) of your nominee(s) to Catherine (details below).
Your Investment will cater for; Research, Preparation, Presentation, Facilitator fees, Soft Copy of Training Materials (videos & manuals), Certificate of participation, Lunch & Refreshments.
Other Upcoming Events:-
1. Finance & Accounting for Non-Financial Managers/Directors Seminar
17-18 April 2019 Mombasa, Kenya
2. The Executive Presence Seminar
25-26 April 2019, Nairobi, Kenya
3. Marketing for Non-Marketers/Directors Seminar
2-3 May 2019, Mombasa, Kenya
Delighted to be at your esteemed service,
Catherine Wanja,
Delight Africa Ltd,
Dev Towers - 4th Floor, Suite 4A
Biashara Street, CBD Nairobi
P.O. Box 12269 - 00100, Nairobi Kenya
Land line: +254 722 533 771 Mobile : +254 700 221 221
WhatsApp : +254 729 236 920
Fax : 020 222 54 39
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