What you will be able to do
- Identify fraud and corruption schemes relevant to the institution’s processes
- Assess fraud risks and choose proportionate preventive controls
- Recognise red flags in documents and data
- Respond appropriately when a case is suspected
Who it is for
- Compliance and internal control officers
- Internal auditors
- Managers in procurement, finance and human resources
Prerequisites
- None
Program
Understanding the risk
- Why fraud happens: pressure, opportunity, rationalisation
- Common schemes in procurement, payroll and expenses
- Conflicts of interest and gifts
Assessing fraud risk
- A fraud risk assessment workshop
- Matching schemes with controls
- Ethics and tone at the top
Detecting
- Red flags in documents
- Simple data analysis to spot anomalies
- Reporting channels and the protection of reporters
Responding
- First steps when a case is suspected
- Preserving evidence and confidentiality
- Learning from cases to strengthen controls
How we work
- Anonymised case studies
- Red flag exercises on sample documents
- A fraud risk assessment on one of the participants’ processes