Fraud Prevention A Guide for Small and Medium-Sized Organizations

Learning Objectives

• To define the meaning and nature of business fraud.
• To discuss the variable nature of people’s honesty and how that can tip into fraud.
• To analyze the personality types of people who commit business fraud.
• To identify the elements of an anti-fraud culture.
• To explain the steps required to guard against internet fraud.
• To analyze the elements of a fraud risk management strategy.
• To outline the sanctions available for those committing fraud.
• To develop an Anti-Fraud Policy, Fraud Response Plan, Whistleblowing Policy, and Anti-Bribery Policy for the organization.
• To analyze how to audit the level of fraud risk and bribery risk in their organization.

Course Description

Business fraud is a significant, and growing problem. Hardly a day goes by without news reports of organizations being hacked or having their data hijacked. Phishing scams and ID theft are also serious threats to businesses.

According to data produced by Accenture, 43% of cyber attacks are aimed at small or medium-sized organizations, but only 14% of those organizations are well protected. Around 60% of successful internet fraud cases are the result of phishing emails, and 30% of cases result from ID theft. These two approaches are increasingly being combined in business internet fraud.

This CPE course aims to help managers in small or medium-sized organizations understand the fraud risk that they face and to take action to mitigate the risk. It covers frauds risks, creating an anti-fraud culture and developing a fraud risk management strategy. It comes with a fraud risk mini-audit and sample anti-fraud policies, and related policy documents.

The best way to prevent fraud is to have clear anti-fraud policies and procedures which all staff understand, and which are rigorously enforced; coupled with an open, communicative environment, where staff feel safe and supported to question actions and raise concerns.

This Online CPE Auditing Webinar Course has five parts:

1. What is Fraud and Who Commits it?
2. Creating an Anti-Fraud Culture
3. Fraud Risk Management
4. Managing Bribery Risk
5. Appendices with sample anti-fraud policies, fraud response plans, a whistleblowing policy, and an anti-bribery policy.

Overview

• What is Fraud?

  5 mins
• How honest are you?

  14 mins
• Creating an Anti-Fraud culture

  21 mins
• The fraud risk management strategy

  32 mins
• Tips to help prevent fraud

  52 mins
• Procedures to prevent Bribery

  71 mins