This training program will provide an overview of the three main occupational fraud categories, including corruption, asset misappropriation and financial reporting. Attendees will learn how to minimize the impact of the fraud scheme by detecting red flags for fraud early.
Maybe you are the controller, you’re in the compliance department, you’re management, you’re in accounts payable or maybe you’re on the audit and finance committee - each of these roles have a responsibility towards the organization to spot fraud red flags and take action to minimize financial losses and reputational damage.
This webinar will discuss how, by understanding the six symptoms of fraud and looking for them, you can significantly improve your chances of detecting and minimizing fraud. As executives, managers, internal auditors or rank and file employees, when it comes to internal fraud you may suspect it, suffer the consequences of it, or anticipate it but you rarely see it. You have to look for the symptoms, the red flags, the indicators of fraud.
Why Should You Attend:
According to the Association of Certified Fraud Examiners, frauds that are allowed to linger for 5 years had a median loss of nearly $1 million. The longer frauds last, the more financial damage they cause. Passive detection methods such as external audits tend to take longer to bring fraud to management’s attention, which allows the related loss to grow. Consequently, proactive detection measures - such as tips and management review procedures - are vital in catching frauds early and limiting their losses.Maybe you are the controller, you’re in the compliance department, you’re management, you’re in accounts payable or maybe you’re on the audit and finance committee - each of these roles have a responsibility towards the organization to spot fraud red flags and take action to minimize financial losses and reputational damage.
This webinar will discuss how, by understanding the six symptoms of fraud and looking for them, you can significantly improve your chances of detecting and minimizing fraud. As executives, managers, internal auditors or rank and file employees, when it comes to internal fraud you may suspect it, suffer the consequences of it, or anticipate it but you rarely see it. You have to look for the symptoms, the red flags, the indicators of fraud.
Learning Objectives:
- Overview of the three main occupational fraud categories: corruption, asset misappropriation and financial reporting
- Learn how to minimize the impact of the fraud by detecting behavioral red flags for fraud early
- Learn the 6 symptoms of fraud in every organization
- Learn enhancements to internal controls that can be implemented if multiple red flags are identified
Areas Covered in the Webinar:
What is Occupational Fraud?- Corruption
- Asset Misappropriation
- Financial Reporting
The 6 Symptoms Of Fraud
- Behavioral Red Flags
- Lifestyle Red Flags
- Analytical Red Flags
- Accounting Red Flags
- Internal Control Weaknesses
- Tips and Whistle Blower Cases
- In Summary - Is It Fraud Or A Red Flag?
- What Do You Do?
- Internal Controls To Put In Place
- Real Cases
Who Will Benefit:
- Management
- Compliance Professionals
- Controllers
- Purchasing Professionals
- Accounting and Finance Professionals
- Audit and Finance Committee Members
- Internal Auditors
- Auditors
- Risk Officers
- CFOs
- General Counsel
- Chief Procurement Officer
- Accounts Payable Manager
- Purchasing Department
- Internal Audit Manager/Director
Course Provider
Anne M McFadden,
