Introduction:
Understanding Fraud: Definition and Types
Factors Contributing to Fraud Incidents
Legal Framework and Regulations Related to Fraud
Session 1: Internal Audit's Role in Fraud Investigations:
Responsibilities of Internal Audit in Detecting and Investigating Fraud
Collaboration with Other Departments for Fraud Prevention
Techniques for Identifying Red Flags and Anomalies
Session 2: Fraud Risk Assessment:
Importance of Fraud Risk Assessment in Audit Processes
Identifying High-Risk Areas for Potential Fraud
Implementing Risk Mitigation Strategies
Session 3: Fraud Investigation Techniques:
Conducting Effective Fraud Investigations
Gathering Evidence and Documentation
Interviewing Techniques for Fraud Detection
Session 4: Case Studies:
Analysis of Historical Fraud Cases (e.g., Harshad Mehta, Nirav Modi, Satyam Computers Scam)
Lessons Learned from Major Fraud Scandals
Application of Fraud Investigation Principles in Real-world Scenarios
Course Outline :: Fraud Investigation through Audit::
Session 5: Fraud Management Best Practices:
Developing a Fraud Management Framework
Implementing Fraud Prevention and Detection Measures
Establishing Protocols for Reporting and Responding to Fraud Incidents
Day 1 Day 2
09.00am-10.00am Introduction Session 4
10.00am-10.15am Morning tea break Morning tea break
10.15am-12.00pm Session1 Session 4
12.00pm- 01.00pm Lunch Lunch
01.00pm- 03.00pm Session 2 Session 5
03.00pm- 03.15pm Afternoon tea break Afternoon tea break
03.15pm- 05.00pm Session 3 Recap
**The training schedule may change depending on the progress of the class
Programme scope, delivery arrangements and suitability are confirmed during enquiry.