Home » Courses » Management & Leadership » The Fraud Masterclass
10 Days
Training
Date Venue Fees(USD) Book your seat
04 - 15 Nov 2019 London - UK $11,900 Book Now

The Structure

This highly informative training course consists of two modules which can be booked as a 10 Day Training programme, or as individual 5 Day courses.

Module 1 - Forensic Auditing: Uncovering Fraud - the Almost Invisible Enemy

Module 2 - Effective Fraud Interviewing Techniques: Exploring the Best Practices Out of Fraud Investigation Interviews

What are the Goals?

By the end of this AZTech training course, participants will be able to:

  • Think like a fraudster – the only way to detect complex frauds
  • Understand the techniques of data mining as a fraud detection tool
  • Appreciate the key aspects of fraud profiling
  • Use continuous auditing and continuous monitoring to uncover unusual patterns
  • Formulate questions that will elicit informative responses 
  • Foster rapport with interviewees 
  • Analyze how your body language affects communication with the interviewee

Who is this Training Course for?

This AZTech training course is suitable to a wide range of professionals but will greatly benefit:

  • Internal Auditors / Audit Managers / Lead Auditors
  • Fraud Specialists / Certified Fraud Examiners
  • Accountants / Accounting Executives
  • Managers / Cost Controllers
  • Accounting / Financial Executive
  • Budgeting Officers / Executives / Managers
  • Business / Investment Analysts & Managers
  • Regulatory Compliance Officers
  • Commercial Analysts

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes various exercises, play roles, group work and case studies to provide practical application of the tools and techniques.

The Course Content

Module 1: Forensic Auditing: Uncovering Fraud - the Almost Invisible Enemy

Day One: Anatomy of Fraud

  • The power of Fraud Profiling
  • Who are the fraudsters – internal and external
  • ACFE fraud survey results
  • Identity fraud
  • Corruption – the most difficult fraud to detect
  • 15 case studies and the key lessons 

 

Day Two: The Key Fraud Indicators

  • Why controls may not protect you
  • Putting yourself in the mind of the fraudster
  • The 50 key indicators – and how to use them
  • Developing a forensic audit toolkit
  • The need for a cost-effective balance between prevention and detection
  • Identifying vulnerabilities

 

Day Three: Data Mining – The Key Forensic Tool

  • Use of Computer assisted audit techniques (CAAT’s)
  • Data mining techniques
  • Fraud risk prioritisation
  • Benford’s law
  • Use on Monte Carlo simulations and Markov chains
  • Forensic auditing of big data

 

Day Four: Forensic Techniques

  • Automated fraud detection
  • The control weakness and the key fields approaches
  • The association rules in fraud detection
  • Use of fuzzy logic
  • Neural networks
  • Data visualisation and pattern recognition

 

Day Five: Using the Information Identified

  • What to do when potential fraud is detected
  • The legal aspects of use of forensic data
  • Using external and internal databases
  • Integrating the information/ identifiers in audits – to avoid bringing attention
  • Reporting the results
  • When to inform external bodies

 

Module 2:  Effective Fraud Interviewing Techniques

Day Six:  Introduction: Reviewing the Basics

  • Fraud policy in your company
  • How does it define fraud?
  • International definition of fraud
  • The types of fraud
  • Understanding current environment
  • Fraud Risk Assessment
  • Roles & Responsibilities of Auditor
  • Planning the Interview
  • Define the purpose for the interviews

 

Day Seven:  Effective Interview Structure

  • Benefits of conducting effective interviews
  • Basic interview skills
  • Indicators of truthfulness and non – truthfulness
  • Developing Valuable Questions to help in effective interviews
  • Establish a baseline to gauge the interviewee
  • Strong, Positive Opening Statement

 

Day Eight:  Approaches and Techniques of Interviews

  •  Inside-out or outside-in?
  • Set the interview’s tone early
  • Applying Professional Skepticism During the Interview
  • Elements of a forensic investigative plan
  • Fundamentals of Eliciting Information
  • The right way’ at the interview’s conclusion

 

Day Nine:  Legal Responsibilities for the Country and Behavioral Symptom Analysis

  •  Know the requirements governing the jurisdiction
  • Using recording audio and video of individuals
  • How employees should be treated
  • Classifying the people
  • Rules for the evaluation of behavior symptom
  • Witnesses and (Verbal and Non-Verbal) communication

 

Day Ten:  To Get a Confession, Minimize the Wrongdoing

  • Dealing with Difficult People
  • Preparing for the Unexpected
  • Evaluation of the case
  • Documenting and Reviewing the Interview 
  • Best Practices - Top 10 List
  • Play roles

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

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Aztech Training & Consultancy
AZTech Training & Consultancy
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United Arab Emirates

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