Fraud Risk Management: providing insight into fraud prevention, detection and response The Association of Certified Fraud Examiners (ACFE) states that fraud can “encompass any crime for gain that uses deception as its principal modus operandus”. Regardless of the size and complexity, all organizations are subject to fraud risks while only relatively few major frauds are picked up by the media, huge sums are lost by all kinds of businesses as a result of the high number of smaller frauds that are committed. Latest surveys show that organizations are losing an estimated 5% of their annual revenues to fraud. Therefore, organizations should increase their focus on fraud risk and take the opportunity to consider, enact and improve measures to detect, deter and prevent fraud. To do so, it is a pre-requisite for organizations to have a strong anti-fraud stance and proactive, comprehensive approach to combating fraud.
Fraud Risk Management Trainings
Topics to be covered are: -Fraud
Different types of fraud Why do people commit fraud? Who commits fraud? An anti-fraud strategy Fraud Indicators, alerts and warning signs Responding to fraudUnderstanding Criminal Behaviour
Behavioral analysis and the prevention of fraud Applying behavioral analysis to fraud prevention Why people obey the law?White-collar crime
What is white-collar crime? Organizational crime Occupational fraud Research occupational fraud and abuseCorporate governance
Fraud risk management framework What is corporate governance? Who is involved in corporate governance? The role of corporate governance in fighting fraud Principles of corporate governance Corporate governance codes and guidance