Fraud Risk Management

The programme

Programme overview

Fraud has become a serious concern for both commercial and non-profit organisations worldwide. Studies estimate that companies lose around 5% of annual revenue to occupational fraud. Awareness of fraud and the integration of anti-fraud procedures into your organisation’s systems can significantly affect its long-term sustainability.

This course teaches you why people commit fraud, how to identify fraud risks, how to establish an anti-fraud culture, and how to build a robust fraud risk management programme from the ground up — including how to draft the policies, registers, and response plans that turn awareness into an operating system.

Who should attend

Who is this programme for?

• Security Supervisors and Managers
• Appointed Fraud Specialists
• Managers Seeking Comprehensive Knowledge of Fraud Investigation
• Internal Auditors Focused on Modern Fraud Prevention and Investigation
• Members of Fraud Teams Specialising in Internal Fraud
• Managers Aiming to Understand Fraud Prevention and Detection

Learning outcomes

What you will learn

• Draft best-practice Fraud Risk Management policies
• Manage fraud risk using Fraud Risk Registers
• Evaluate and challenge management's fraud risk assessments
• Understand the mindset of a fraudster
• Apply proven techniques to prevent fraud
• Promote an effective fraud prevention process
• Use data mining and AI-assisted tools for fraud prevention and detection
• Implement an effective fraud investigation process
• Sharpen audit skills for fraud investigation
• Recognise deceit and dishonesty

Explore the programme

Detailed programme outline

• Definitions and statistics of fraud
• Insights from ACFE Fraud Surveys
• The financial impact of fraud
• Profiling a typical fraudster
• Trends in detected fraud
• Explaining fraud risk identification and assessment processes
• The six principles for an effective Fraud Risk Management Programme
• Analysing supplier and outsourcing fraud
• Constructing a Fraud Risk Matrix and Register
• IT fraud risks: computer fraud, e-commerce, and IT security
• Causes and indicators of corruption
• Identifying procurement fraud risks and bid-rigging
• Techniques for evaluating and mitigating fraud risk
• Identifying vulnerabilities and typical control weaknesses
• Tendering and bidding processes
• Recognising indicators of supplier and procurement fraud
• A Procurement Fraud Checklist
• Creating a culture of fraud awareness
• Developing Fraud Awareness Training Programmes
• Constructing a Fraud Response Plan
• The relationship between fraud, risk, and control
• Roles and responsibilities of stakeholders
• Using Computer Assisted Audit Techniques (CAATs)
• Data mining and AI-assisted anomaly detection for fraud
• Prioritising fraud risks using internal and external databases
• Navigating legal considerations during an investigation
• Implications of the Bribery Act
• Strategies for asset recovery
• Managing the investigation process
• Planning and determining investigation objectives
• Selecting the investigative team and maintaining discretion

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.