Course Objective
- Gain the self-confidence to prepare, carry out as well as follow-up on audit activities
- Have the ability to write valid audit reports and suggest rehabilitative activities
- Understand the standards of management system bookkeeping according to ISO 19011
- Establish skillfully
Day 1
Fundamentals of creative accounting and the concept of fraud
The idea of both financial accounting and creative accounting
creative accounting methods
Financial crime in institutions and its types
The organization's internal controls and why they are important
What is financial fraud?
Fraud Basics
Who is cheating and why?
fraud triangle
Day 2
Fraud schemes
Types of misappropriation of assets
Cash theft: skimming and theft
fraudulent payments
Theft of securities and other assets
Warning signs of asset misappropriation
Financial statement fraud schemes
fake revenue
Differences in time
Cancellation of liabilities and expenses
Inappropriate disclosures
Improper valuation of assets
Warning signs of fraud in financial statements
Deterrence of fraud in financial statements
Day 3
Fraud in the financial institution
embezzlement schemes
loan fraud
Real estate fraud
Fraud with a new account
Fraud using bank transfers
Roller Check Fraud
Check fraud detection
Preventing and Investigating Check Fraud
Credit card fraud
Prevention and detection of credit card fraud
Day 4
Internal control systems to prevent fraud
The basic components of the internal control system
Implement proper internal control
Asset control (fixed and current)
Bribery schemes, bid-rigging schemes:
bribery
Unlawful Gratuities
Economic blackmail
conflict of interest
Tools and techniques in identifying red flags of fraud
Day 5
Anti-fraud methods using computer mechanisms
Fraud prevention software
Develop a fraud prevention policy
Control procedures followed in your organization
Screening mechanisms
Monitoring and reporting
Search and discover
Get evidence
Modern international best practices for fraud deterrence
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