Fraud & Risk Management
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Contact Us
Email: [email protected]
Jimmy Ong Tel: +60 16 216 1383 (Call on Whatsapp for free)
Email: [email protected]
Jimmy Ong Tel: +60 16 216 1383 (Call on Whatsapp for free)
This training session aims to provide guidance on managing the risk of fraud, including the process to implement Internal Controls, and various anti-fraud tools that can be implemented within an organization to prevent, detect and respond to fraud.
The goal of this course is to ensure that participants understand how business is able to develop/establish the fraud risk management for their organization.
Presentations, Lectures, Case studies, Interactive discussions.
Module 1: Introduction to Fraud, Symptoms of Fraud and the Fraud Triangle elements
1.1 Definition of fraud
1.2 Red flags
1.3 Fraud Triangle - Motive/Pressure, Rationalization and Opportunity
1.4 Fraudsters Profile
Module 2: Types of Fraud
2.1 Internal
2.2 External
2.3 Fraud Tree and Common Fraud Schemes
Module 3: Internal Controls
3.1 COSO Internal Controls Framework
3.2 Importance and value of Internal Controls
3.3 Tone From The Top & Organisation Culture
Module 4: Fraud Risk Assessment
4.1 Assessing the risk of fraud
4.2 Scenarios
4.3 Creative Thinking
Module 5: Fraud Risk Assessment ( Continued)
5.1 Impact & Probability
Personnel in charge
5.3 Identifying Internal Controls
5.4 Fraud Risk Matrix
Module 6: Governance & Risk Compliance
Corporate Governance
6.2 Risk Management
6.3 SME versus Large Organisations
Module 7: Other Tools
7.1 Whistleblowing Hotline
7.2 Education & Training
7.3 Other regulations & protections
Module 8: Discovery of Fraud
8.1Do’s and don’t upon fraud discovery