Combating Internal Fraud

Overview

Fraud in the workplace is not new, however, statistics show that the number of instances of internally actuated fraud schemes is increasing. Additionally, because of all the changes that have come about due to recent upheaval, fraud risk is at an all-time high. This session starts by reviewing the many reasons that fraud occurs; it then looks at ways to detect internal fraud and finally explores control measures that can help to reduce fraud risk. Those that take the class will learn just how invasive and damaging internal fraud can be. They will also learn ways to detect and thwart fraudulent activity.

Highlights

This session is taught via the use of case studies adapted from real world examples. These studies are designed to show participants some of the negative effects of the rampant fraud taking place in the business world today. The topics discussed in this session include: Understanding why internal fraud occurs. Policies, procedures, and control measures designed to fight fraud.

Prerequisites

None

Designed For

Professionals that wish to understand internal fraud and that wish to mitigate the risk associated with it.

Objectives

Once participants have completed this session, they should be able to: Recall reasons that employees and others that are internal to an organization choose to undertake fraudulent acts; Recognize the types of control measures that work best as entities strive to mitigate fraud risk, and Identify specific internal control measures that can help to reduce fraud activities.