Fraud Awareness
Course Objectives
Every organisation is at risk to the threat of fraud and financial crime, whether that be internal, external or through a form of collusion. The National Fraud Authority state that the true cost of UK based fraud is £30bn annually and the Public Sector alone is accountable for 58% of this figure.
This comprehensive one day programme provides delegates with a fuller understanding of the fraudulent threats to their organisation and their corporate objectives, from fraud, theft, corruption and other ‘irregularities’. We help delegates explore their awareness of the mechanisms by which their organisation can help prevent these risks from arising, detect the risks at the earliest opportunity where they do exist, and mitigate against their impact on the organisation.
Contents
The introduction of new UK legislation to combat this form of financial crime could not be more timely following the recent high profile allegations of bribery and corruption alleged against senior members of the FIFA selection committee and the Pakistani cricket team. The Bribery Act 2010, came into force in early 2011 and allows for unlimited fines and possibly even custodial sentences for UK organisations and their senior officers found guilty of failure to prevent, condoning or actually committing, bribery. The Act also introduces a new corporate offence of failure by commercial organisations to prevent bribery by anyone working on behalf of organisations, including third party contractors and agents.
- The Bribery Act 2010 legislation
- The penalties
- Measures you and your organisation can take to help comply with the expected
- requirements.
- What is 'fraud'? - an overview of fraud, theft, corruption, money laundering - and the new Bribery Act
- Types of fraud
- Definitions
- Statistics
- Trends
- Fraudster motivations
- Most common fraud risk areas in all organisations
- Fraud risk management - steps to combat fraud (including 'whistle-blowing')
- Responding to fraud
- "do's & don'ts"
- Case study examples
- Practical scenario-based exercises - delegate participation
- Fraud awareness video presentation
- Question & Answer session
This workshop will be especially appropriate for all those responsible for the good governance and management of their organisations, and specifically those with responsibility for budgetary control of funded projects and ensuring the probity of how external and especially government funding is accounted for. Sectors will include Employers in general, Public Services, Education and Training, Local Government, etc.
Course benefits
- Develop a knowledge of the relevant legislation relating to fraud
- Gain an understanding of how and where fraud risks can arise
- Identify the step you should take if a fraud occurs
- Recognise the warning signs and indicators of fraud risks
- Understand the methods by which you can start to 'fraud-proof' your organisation
- Develop the basics of an 'anti fraud toolkit'
Additional information
Supporting materials used
- PowerPoint presentations
- Practical scenario-based exercises
- DVD video presentation
- Workshop handouts/Presentation notes
All delegates who successfully complete this course will receive a certificate of attendance.
Trainers background
