Fraud Control & the COSO 2013 Framework
THIS WORKSHOP CONSISTS OF TWO PARTS:
Fraud Control: Preventing & Detecting Fraud (Day 1 - Day 2)
Reports from the Association of Certified Fraud Examiners, major public accounting firms, the International Monetary Fund (IMF), Transparency International (TI) and others indicate that fraud and corruption are major global problems.
While internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization, all employees should be familiar with fraud risks and how they can support the implementation of effective controls and antifraud programs.
The expectations regarding fraud awareness are increasing and employees should be familiar with revenue, expenditure, inventory, cash, accounts receivable, journal entries, management override and vendor fraud schemes, among others.
Course participants will learn the fundamentals of fraud, identify troublesome conditions and be able to incorporate that knowledge into their process design, risk assessments and control activities.
- Identify Red Flags of Potential Fraud
- Key Tools for Fraud Detection
- Self Assessment of Existing Controls
- Fraud Auditing Procedures
- Proactive Techniques to Fraud Detection
- 5 Key Pillars of Fraud Control
- Effective Ethics Training programs
- Develop Whistleblowing programs
- 11 Key Steps to Fraud Prevention
The COSO 2013 Internal Control integrated Framework (Day 3 - Day 4)
Improving Internal Controls and Organizational Effectiveness
COSO’s 2013 Internal Control - Integrated Framework (IC-IF) is a useful tool to improve an organization’s internal control infrastructure while increasing the likelihood of achieving organizational objectives. In this interactive two-day program, you will learn how this principles-based approach can be deployed successfully in your organization. Participants will examine the implications for business leaders, process owners, managers, and both internal and external auditors.
Participants will review the differences between the 1992, the 2004 and the updated 2013 model, the implications on the system of internal controls, and acquire the tools necessary to effectively design, implement, and evaluate your organization’s system of internal controls. More than that, however, you will also learn how to look beyond internal controls and use the framework as a management tool to increase efficiency and effectiveness; enhance corporate governance and anti-fraud programs; improve risk management processes; and better manage your external business relationships.
Course participants will acquire the necessary skills to perform an assessment of their organizations, and learn how to apply the seventeen principles and their related points of focus.
- Identify Control & Process weaknesses
- Key Tools to implement & evaluate COSO
- Improve Operational Efficiency
- Effective Corporate Governance
- 4 Principles of Risk Assessment
- Design & Implement Internal Controls
- Improve Coordination & Communication
- 3 Principles of Control Activities
- Develop Suitable Monitoring Activities
- Get handy reference checklists
WHO SHOULD ATTEND
- Company Chairman & Directors
- Business Directors
- Department heads
- Internal and external auditors
- Compliance officers
- Process Improvement specialists
- Government regulators
- Strategic planners
- Corporate Governance personnel
- Risk Managers
- HR Directors
- Legal Counsels & Advisors
- Fraud analysts
Download the PDF brochure today, or Contact us at email@example.com to register your seats.