FRD
Corporate Fraud Prevention and Detection

FRD Course Introduction

Core business functions offer abundant opportunities for undetected fraud. In this eye-opening, two-day seminar you will pinpoint the area most prone to internal fraud and identify key indicators of potential occupational fraud. Attendees will understand key areas to focus on the expenditure, revenue/cash receipts, treasury, inventory, travel expense, contract, payroll and HR, computer, marketing, and outsourced functions as targets for fraud. Attendees will learn to cover the methodologies used by those who would do harm and focus on the red flags that signify the need for an investigation. You will learn how to implement and develop audit procedures that will increase the likelihood of discovering fraud.

FRD Course Objectives

• Understand corporate fraud
• Understand technique to manage corporate fraud
• Understand fraud prevention and detection methodologies

FRD Course Prerequisite

• None

Target Group

• Internal and external auditor
• Top or middle management
• Business owner

Course Outline of FRD

Day 1

• Introduction to Corporate Fraud
• The Principal Categories of Fraud (or White-Collar Crime)
• Misrepresentation of Material Facts
• Concealment of Material Facts
• Bribery
• Conflicts of Interest
• Theft of Money or Property
• Theft of Trade Secrets or Intellectual Property
• Breach of Fiduciary Duty

Day 2

• Case Study - Skimming
• Case Study - Cash Larceny
• Case Study - Check Tampering
• Case Study - Payroll and Expense Reimbursement Schemes
• Case Study - Inventory and Other Asset
• Case Study - Bribery
• Case Study - Conflicts of Interest
• Case Study - Fraudulent Statements
• Fraud Prevention and Detection Methodologies
• Developing a Strategy to Fight Fraud