An intensive professional development training course on
The Fraud Masterclass
Why Choose The Fraud Masterclass Training Course?
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
What are the Goals?
By the end of This The Fraud Masterclass 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 The Fraud Masterclass 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 The Fraud Masterclass 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
- 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
- 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
- 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
- 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
- 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
- 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
Module 2: Effective Fraud Interviewing Techniques
- 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
- 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
- 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
- Dealing with Difficult People
- Preparing for the Unexpected
- Evaluation of the case
- Documenting and Reviewing the Interview
- Best Practices - Top 10 List
- Play roles
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
Do you want to learn more about this course?
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Frequently Asked Questions
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- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
- Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
Yes, we offer tailored corporate training solutions to meet your organization's specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
