Employee Fraud Detection And Prevention

Organizations of all kinds and sizes are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threatening organizations.

Embezzlement, kickbacks, check fraud, financial statement fraud, and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and internet-driven schemes are being deployed by dishonest insiders all the time.

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

Why You Should Attend:

To effectively protect against employee fraud, it is first necessary to determine who in your organization is likeliest to be a perpetrator … and why. With that knowledge, you can begin to understand what fraud fighters commonly refer to “behavioral indicator” of potential fraud.

Beyond that, however, it is essential to gain the skills for assessing your organization’s risk of being a victim of the large and continuously expanding variety of employee-perpetrated frauds. Only then can you begin to build audit plans designed to identify the red flags of these offenses and, if found, examine clues that may point to the existence of actual fraud.

The ultimate goal of all of this, of course, is to lay the groundwork for pinpointing and then remediating internal control deficiencies that provide the opportunities for dishonest employees to engage in fraudulent activity.
This webinar will touch on all of these critical areas, using carefully selected case studies to help illustrate the essential take-aways from the training.

Areas Covered in the Session :

  • INTRODUCTION
    • Statistical overview of the fraud problem
    • Who commits fraud
    • Why employees commit fraud (The Fraud Triangle)
    • Lessons from fraudsters
    • Common types of  internal fraud today
  • RED FLAGS OF FRAUD
    • Conducting a fraud risk assessment and recognizing the red flags of internal fraud
    • The fraud risk mitigation cycle
    • Implementing an organization-wide system for detecting, preventing and investigating fraud
  • FRAUD DETECTION
    • Fraud detection
    • How frauds are most often detected
    • Additional general detection methods
    • Data mining/analytics for fraud detection
    • Examples of fraud audit techniques at work
  • ANTI-FRAUD CONTROLS
    • Internal controls and other fraud prevention measures
    • Who should manage anti fraud activities
    • Internal controls: dos and don’ts
    • Best practices in anti-fraud controls
    • General controls: Segregation of duties, delegation of authority, background investigation
    • Specific operations-level controls major fraud categories

 

Who Will Benefit:

  • Internal and external audit professionals
  • Internal control professionals
  • Finance and accounting management
  • Compliance and ethics professionals
  • Loss prevention and risk specialists
  • Security professionals
  • Fraud examiners
  • Procurement and payables specialists

 

 

 

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FN2351

Peter Goldmann

Peter Goldmann – CFE, is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter,a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. The newsletter is in its 15th year of publication under Peter’s leadership.

Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, the leading fraud awareness training program. A user-friendly learning tool, FraudAware uses seminar, Webinar and E-Learning formats to train employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct.

Peter has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the International Association of Financial Crime Investigators and the IOFM Controller Certification Advisory Board. In addition, Peter has conducted numerous on-site fraud detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies and large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses. Peter holds a Bachelor’s degree from the University of Michigan and a Master’s from the London School of Economics.

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  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance