This training program will highlight various disbursement fraud schemes. It will also discuss preventing disbursement fraud by establishing a strong anti-fraud policy and understanding of the human factor.
By attending this webinar attendees will learn the various methods that fraudsters employ to commit disbursement fraud. In addition, they will learn how a strong anti-fraud policy, understanding the human factor, and performing established audit techniques will minimize disbursement fraud. Attendees will learn the established audit techniques to prevent and detect disbursement fraud, as well as gain an understanding of the criticality of being a professional skeptic when conducting the audits.
Why Should You Attend:
Due to the prevailing hazard surrounding fraudulent disbursements, it is imperative that an organization’s accounting department, internal auditors, external auditors, and fraud examiners undertake an ongoing robust, cost effective, review the internal controls over the cash disbursement process. Preventing fraudulent disbursements is the goal with a secondary objective of early detection.By attending this webinar attendees will learn the various methods that fraudsters employ to commit disbursement fraud. In addition, they will learn how a strong anti-fraud policy, understanding the human factor, and performing established audit techniques will minimize disbursement fraud. Attendees will learn the established audit techniques to prevent and detect disbursement fraud, as well as gain an understanding of the criticality of being a professional skeptic when conducting the audits.
Learning Objectives:
- Various disbursement fraud schemes.
- Preventing disbursement fraud by establishing a strong anti-fraud policy and understanding of the human factor.
- Preventing disbursement fraud by practicing effective disbursement audits.
- Detecting disbursement fraud by practicing established and effective disbursement audits.
Areas Covered in the Webinar:
Various disbursement fraud schemes:- Shell companies/fictitious vendors
- Manipulating vendor list
- Check diversion
- Duplicate payments
- What controls and countermeasures should be in place to prevent and detect disbursement fraud
- How to prevent disbursement fraud by:
- Establishing a strong anti-fraud policy
- Creating an employee awareness program
- Understanding the human factor
- Regularly reviewing disbursement policy and procedures for adequacy
- How to detect disbursement fraud by performing effective disbursement audits
Who Will Benefit:
- Fraud Examiners
- Internal Investigators
- External Auditors
- Internal Auditors
- Accounting Department Personnel
Course Provider
John E Grimes,
