Fraud Risk Management & Investigation
Practitioner2 daysGovernance, Assurance & Integrity
Programme overview
Covers the full fraud lifecycle: assessing fraud risk, designing prevention and detection controls, running whistleblowing arrangements, and conducting an investigation that produces evidence capable of supporting disciplinary and criminal action. Includes a running investigation case across the two days.
Who should attend
Forensic and investigation officers, internal auditors, risk and compliance officers, human resources managers handling misconduct, security managers, finance managers, and executives responsible for ethics.
Sectors
Banks and financial institutions, insurers, public enterprises and government agencies, retail and distribution, telecommunications, mining and construction, NGOs managing donor funds.
Modules
- The fraud triangle and the fraud diamond, and what they mean for control design
- Fraud taxonomy: asset misappropriation, corruption, financial statement fraud, procurement fraud, payroll and ghost employees, cyber enabled fraud
- Fraud risk assessment: scheme by scheme, with control mapping
- Prevention: control design, pre employment screening, conflict of interest and gift registers, vendor due diligence
- Detection: data analytics, red flag indicators, exception reporting, continuous monitoring
- Whistleblowing arrangements: channel design, protection of the whistleblower, triage of reports
- Investigation planning: scoping, team composition, legal input, and preserving independence
- Evidence: gathering, handling, chain of custody, and admissibility considerations
- Digital evidence and working with IT to preserve it
- Interviewing: planning, question technique, and the interview with the suspect
- Documenting findings and writing the investigation report
- Outcomes: disciplinary process, criminal referral, civil recovery, insurance claim
- Post incident control improvement and loss data capture
- Building the organisation's anti fraud and ethics programme
Learning outcomes
On completion delegates will be able to:
- Conduct a scheme based fraud risk assessment
- Design proportionate prevention and detection controls
- Establish or improve a whistleblowing arrangement
- Plan and conduct an investigation
- Gather and preserve evidence defensibly
- Conduct a structured investigative interview
- Write an investigation report that supports action
Tools and templates provided
- Fraud risk assessment tool with a scheme library
- Red flag indicator catalogue by scheme
- Whistleblowing policy and triage procedure
- Investigation plan and working paper templates
- Interview planning guide
- Investigation report template
Assessment and certification
Fraud risk assessment build, an assessed interview simulation, and an investigation report.
Certificate of Completion.