Modern Approaches to Auditing and Controlling Financial Fraud Risk (Online / Remote)
1Summary
Financial fraud rarely announces itself. It hides inside transactions that look routine, in reports that seem to add up, and in the gaps between what internal control systems are supposed to catch and what they actually catch. By the time it surfaces, it has usually already done real damage to a company's finances and reputation.
This Arab British Fellowship Training Academy course focuses on how internal audit offices detect these errors before they escalate, reviewing financial reports, monitoring administrative work, and building an accurate picture of the company's true financial position. Participants learn the modern approaches auditors and financial experts use to catch fraud early and control its risks.
2Objectives and target group
What You Will Gain
- Build practical experience relevant to accounting workplaces.
- Adjust real-world work practices and help prevent corruption inside companies.
- Monitor how economic institutions and companies actually function.
- Apply modern financial auditing methods that shape how management operates and directs the business.
- Recognize the risks and problems that company managers can uncover through auditors and financial reviewers.
- Understand the role of financial and internal auditing in avoiding a company's financial problems, and in disclosing mistakes in financial reports.
Who Should Attend
- Managers of state institutions and owners of companies.
- Financial supervision employees in state institutions.
- Directors and owners of large commercial and industrial companies.
- General managers in public and private companies.
- Directors of internal audit offices and audit department managers.
- Employees in financial control, and students seeking contemporary approaches to financial auditing and risk detection.
3Course Content
Module 1: Understanding Financial Fraud and Its Risks
- Defining the risks fraud poses to a company's operations.
- Financial fraud's role in undermining company success.
- Key risk factors behind financial fraud.
Module 2: Modern Trends in Fraud Auditing and Detection
- Recent trends in auditing and controlling fraud risks.
- Fraud detection techniques and determining exposure to fraud.
Module 3: Scope, Governance and Compliance
- Defining the scope of the audit mission.
- Governance, risk management, and compliance considerations.
Module 4: The Internal Audit Function in Risk Management
- The role and responsibility of internal audit.
- Internal audit's role in the risk review process.
- Evaluating internal control operations.
Module 5: Evaluating IT Controls and Management Risk
- Evaluating information technology controls and related risks.
- Identifying and evaluating management risks.
- Understanding the management process.