Every year, organisations lose significant sums not to one dramatic heist but to fraud that hides in plain sight – inflated invoices, manipulated stock counts, doctored financial statements. Catching it takes more than suspicion: investigation professionals need to understand exactly how money flows through financial systems, and how to gather evidence that will actually hold up in a court of law or a disciplinary hearing.

This course has been designed by the Arab British Fellowship Training Academy to keep professionals away from the costly mistakes that make people hesitant to conduct business and financial activity, and to turn participants into skilled investigators able to detect and control financial irregularities with confidence.

Who Should Attend?

• Criminal and financial investigators, and fraud examiners.
• Forensic accountants and practitioners.
• Compliance officers, risk managers and internal auditors.
• Forensic investigators, prosecutors, attorneys, auditors and accountants.
• Business consultants with an interest in the field.

Knowledge and Benefits:

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

• Identify the various aspects of fraud and financial corruption, and the different entries used to disguise them.
• Diagnose different aspects of financial fraud through discussion of real practices in the field, supported by high-quality publications from professional organisations and international auditing standards.
• Apply practical examples to diagnose financial manipulation and sharpen their own analytical judgement.
• Use the latest tools and programs to control and detect financial fraud practices.

• Module 1: Understanding Financial Fraud
  • Defining financial fraud and embezzlement, and the difference between them.
  • Categories of financial fraud – bribery, theft, embezzlement, job exploitation, account manipulation and false financial statements.
  • The causes of financial fraud, and the entities and factors that expose an organisation to it.
• Module 2: Spotting Fraud Across Business Functions
  • Identifying fraud methods in revenue and expenses.
  • Detecting fraud within stock and store valuation, and under asset valuation.
  • Recognising fraud in procurement and in subsequent events, supported by practical models.
• Module 3: Analytical Testing Techniques
  • Defining analytical testing and planning how to perform it.
  • Recognising and documenting significant deviations.
  • Applying analytical testing procedures to cash operations and to stock and warehouse management.
• Module 4: Internal Control and Electronic Prevention Systems
  • A comprehensive definition of internal control, its sections, and the relationship between its various branches.
  • Mechanisms and benefits of auditing the internal control structure.
  • Requirements for internal electronic control, and ways to prevent fraud under computerised and database systems.
• Module 5: International Standards, Auditing and Real-World Application
  • Mechanisms for detecting financial misappropriation and accounting fraud under international accounting and auditing standards.
  • The role of internal audit in uncovering accounting fraud through computer-based methods.
  • Practical applications and models, plus a final evaluation and wrap-up of the training course.