Duration

FRAUD MANAGEMENT, INTERNAL CONTROLS & INVESTIGATIONS

2 days

INTRODUCTION

The programme is designed to give you a solid understanding in fraud and corrupt detection. Ensure you are fully equipped to fulfill your role and prevent fraud and corruption in your organization with the appropriate legal compliance, standards, framework and practices, from a risk management perspective – Prevention is Better Than Cure.

COURSE OBJECTIVES

Define malpractices & Spotting The Red Flags
Gain A Sound Legal Understanding
Apply Fraud Detection Techniques
Develop An Effective Fraud Prevention Plan
Understand about Pre-Employment Screening & Whistle-Blowing
“Walk Through” A Typical Fraud Investigation
Understand Malpractices Detection & Profile Auditing
Design a Fraud Response Plan
Better understand Digital Evidence & Computer Forensics
Apply Forensic Statement Analysis
Know how to conduct Interviews With Suspects

COURSE MODULES

Module 1: Integrity

Definition
Initiatives in Malaysia

Module 2: Why do people commit fraud

The Fraud Triangle

Module 3: Compliance Framework

Legal
Standard
ISO 31000
ISO 9001:2015
ISO 37001

Module 4: Asset Management

People (Internal and External)
Property (Tangible and Intangible)

Module 5: Ethics

Definition
Ethics and Integrity risk
Difference between personal, business and professional ethics
Categorisation of non-ethical and non-integral values
Adverse effects

Module 6: Fraud

Definition
Category
State of Mind (Mens Rea)
Intentional perversion of truth
Misrepresentation
Legitimate transactions with illegitimate intentions
Blue and White collar crime
Expert Knowledge and representation • Proving fraud (Burden and Standard of Proof)
Five difficulties in proving fraud.
Statement of belief
Misleading Statement
Relationship between parties

Module 7: Corruption and Bribery

Tell tale signs
Common forms
Conventional and unconventional methods
Book transaction

Module 8: Asset Misappropriation

Act of misappropriation
Cash receipts fraud
Detection
Accounts to monitor
Fraud Prevention Methodology (FPM)
Blue Collar and White Collar fraud
Schemes and types

Module 9: Fraud, Risk and Corporate Governance

Fundamentals
3 Ingredients of fraud
Environment, People and Opportunity
Dominant factor
Corporate governance in jeopardy
Generic reasons for fraud
Risk (Reality vs Myth)
The risk domains in an organisation
Red Flags of fraud
Enhancing corporate governance

Module 10: Risk Assessment & Management

Risk Identification and Analysis
Risk Evaluation and Assessment Techniques
Classification of Risks
Impact
Likelihood

Module 11: Combatting Fraud

Method of managing fraud
Formula
People, target, opportunity
Tools and techniques
Guidelines
Fraud Indicators and response
Common fraud indicators
Risk Management Plan (Detection and Mitigation)
Whistle Blowing

Module 12: Fraud Awareness, Detection and Prevention Management (FADPM)

Definition and Understanding of Programme Objective
Tackling of environment and working culture
Controls Implementation
Developing FADPM framework
Formalise fraud reporting mechanism
Effective Consequence Management system

Module 13: Consequence Management (Investigations)- Overview

Fraud Investigations
Investigation Plan
Scope of Investigations
Method of Proving State of Mind
Method of Proving Act of Fraud
Gathering of Evidence
Limitations
Essentials of Body Language
Analysis of Incident Behaviour
Record Keeping
Trending Analysis
Statistics Analysis
Prosecution
Domestic Inquiry
Internal Action
Criminal Prosecution

Module 14: Procurement and Purchasing’s Risks of Fraud Attack

Acknowledge the need for supplier sourcing
To determine criteria for supplier sourcing
Identify sources of potential suppliers
Determine methodology to assess and evaluate suppliers
Evaluate and select the supplier
Contract / Agreement
Performance Management of Suppliers

TARGET AUDIENCE

Anyone involved in managing corporate governance and integrity practices of the organisation
Anyone involved in contracting of any kind, especially holding a portfolio for evaluating and sourcing for suppliers, contractors, etc. Whether a team member, project manager, or executive.

METHODOLOGY

Highly Interactive Session, with a bilateral approach to the subject matter allowing participants to share incidences at respective work locations.
Mind Mapping and Recap Sessions
Case Studies on various reported Cases
Ice Breaking / Monotony Breaking Sessions – Purpose of rejuvenating the mind

Programme scope, delivery arrangements and suitability are confirmed during enquiry.