Training Course: Detecting and Preventing Financial Fraud
1Summary
How does a manipulated invoice, an inflated expense, or a misclassified asset slip past an organisation's own controls? More often than not, it's not because the fraud was clever — it's because nobody was checking the right things, in the right way. Financial auditing exists to close that gap, verifying financial data against international standards and giving stakeholders real confidence in the numbers.
This course walks participants through both sides of financial auditing — internal and external — and focuses heavily on the practical mechanics of detecting and preventing fraud: computer-assisted analytical examination, internal control systems, and the advanced techniques used to uncover embezzlement under international standards.
2Objectives and target group
Who Should Attend?
- Staff working in internal and external control.
- Employees of audit offices.
- Internal review staff.
- Inspection staff.
- Anyone interested in this field.
Knowledge and Benefits:
By the end of the programme, participants will be able to:
- Use computer-assisted analytical examination to detect suspicious activity.
- Build and audit an internal control system that actually prevents fraud.
- Apply advanced detection mechanisms in line with international auditing standards.
- Recognise common accounting tricks and how fraud shows up in revenue, expenses, inventory and procurement.
- Define financial fraud and explain why and how it happens inside organisations.
3Course Content
Catching Fraud with Computer-Assisted Analytical Examination
- Defining analytical examination and its initial procedures.
- Planning and documenting the examination process.
- Applying it to cash operations, inventory and warehouse management, sales, procurement and payroll.
Preventing Fraud through Strong Internal Control
- A full picture of internal control and its different sections.
- How the branches of internal control relate to each other.
- Building and auditing an electronic internal control system.
Advanced Detection Mechanisms Under International Standards
- Mechanisms for detecting embezzlement and accounting tricks under international accounting standards.
- Auditing methods for uncovering fraud under international auditing standards.
- Using computer systems for internal review and detection.
How Financial Fraud Actually Happens: Methods and Accounting Tricks
- Spotting accounting tricks that align with applicable standards.
- How fraud shows up in revenue, expenses, inventory and asset valuation.
- Fraud in procurement and in events that happen after the reporting period.
Understanding Financial Fraud: What It Is and Why It Happens
- Defining financial fraud and embezzlement, and the difference between them.
- The different forms fraud can take: bribery, theft, misuse of position, manipulated accounts, favouritism, and false statements.
- Why fraud happens, and who is typically in a position to carry it out.