Bank Auditors and Employee Fraud
Discover how to safeguard your banking organization from internal fraud with the Bank Auditors and Employee Fraud CPE Training Event. This two-hour program is uniquely designed for banking professionals, internal auditors, and compliance officers seeking to enhance their fraud detection and prevention skills. Gain actionable insights into identifying schemes, detecting red flags, and fortifying internal controls to protect financial institutions against growing fraud threats. Earn 2 Continuing Professional Education (CPE) credits while acquiring critical tools to combat occupational fraud effectively.
Why Attend?
Understand Common Fraud Schemes in Banking
Learn to recognize the most prevalent types of employee and insider fraud, from embezzlement and kickbacks to check fraud and vendor billing schemes.
Strengthen Fraud Prevention Measures
Acquire best practices for implementing anti-fraud controls and processes to bolster your organization’s defenses against malicious activities.
Detect Red Flags and Control Deficiencies
Master the skills needed to identify the warning signs of fraud and mitigate vulnerabilities within internal controls.
Earn 2 NASBA-Approved CPE Credits
Expand your expertise in fraud prevention and detection with industry-recognized certification credits.
What You’ll Learn
This training provides participants with practical knowledge to implement fraud detection strategies in their institutions effectively.
1. Fraud Detection Tools and Techniques
- Understand the factors driving employees to commit fraud.
- Explore the types of internal fraud common in today’s banking landscape.
2. Red Flags and Risk Assessment Techniques
- Learn how to spot behavioral and operational red flags indicating potential fraud.
- Use fraud risk assessments to proactively address vulnerabilities.
3. Designing Effective Anti-Fraud Controls
- Implement internal controls and delegation strategies to prevent fraud.
- Explore best practices in segregation of duties and accountability.
4. Fraud Detection and Investigation Best Practices
- Discover methods to conduct investigations, including data analytics and fraud audit techniques.
- Leverage a systematic approach to identify, report, and address incidents.
Key Workshop Highlights
This course will cover a range of integral topics for fraud prevention experts:
- Statistical trends and fraud in banking institutions.
- Insights into the fraud triangle—why employees commit fraud.
- Lessons from real-world fraud schemes.
- Building organization-wide systems for detecting and addressing fraud.
Event Details
- Format: Internet-based group training.
- Schedule: Offered every eight weeks on Mondays from 10:00 a.m. to 12:00 p.m. (Central Time).
- Duration: 2 Hours
- Cost: $140 per participant.
- Group Options: Private scheduling available for two or more attendees.
Who Should Attend?
This program is designed for professionals responsible for robust fraud prevention in their organizations:
- Internal Auditors: Strengthen your ability to assess internal fraud risks and investigate issues effectively.
- Compliance Professionals: Gain tools to implement effective fraud prevention frameworks.
- Audit Managers: Build a resilient control environment to protect your institution from financial integrity risks.
The Importance of Fraud Prevention in Banking
The banking industry faces an increasing threat from occupational fraud, with dishonest insiders devising new schemes driven by advancing technologies. Internal fraud presents significant risks to banks, from financial losses to reputation damage. Developing a robust fraud program is essential to mitigating these risks.
The Bank Auditors and Employee Fraud CPE Training Event equips auditors, compliance officers, and banking professionals with the tools needed to combat fraud effectively. From examining red flags to enhancing internal controls, this program offers comprehensive strategies to strengthen organizational resilience against fraud.
Register Today
Take the lead in building a fraud-resistant organization with the Bank Auditors and Employee Fraud CPE Training Event. Earn 2 NASBA-Approved CPE credits while mastering skills in fraud detection and prevention tailored to the unique challenges of the banking industry.
Sign up now to protect your institution and build a culture of integrity!
Details on Event Presentation
Offered every eight weeks on Mondays at 10:00 a.m. to 12:00 noon Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour
CPE Event Highlights
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.
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Major fraud risk categories
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Best practices in conducting a fraud detection and prevention program
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Understanding a fraud risk assessment
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Value of a fraud detection and prevention program
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Learning Objectives
Attendees will understand:
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A banking institution's fraud problems
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Why bank employees commit fraud
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The essential fraud detection tools and techniques within the banking industry
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The best practices for developing and implementing anti-fraud internal controls
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How to identify the red flags of fraud within a banking organization
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Detecting and investigating fraud
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Building an anti-fraud control environment.
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Key Issues on the Agenda
The major agenda items within this intense CPE training event are:
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Statistical overview of the fraud problem
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Who commits fraud
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Why employees commit fraud (the fraud triangle)
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Lessons from fraudsters
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Common types of internal fraud today
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Red Flags of Fraud
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Conducting a fraud risk assessment and recognizing the red flags of internal fraud
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The fraud risk mitigation cycle
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Implementing an organization-wide system for detecting, preventing and investigating fraud
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Fraud detection
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How frauds are most often detected
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Additional general detection methods
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Data mining/analytics for fraud detection
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Examples of fraud audit techniques at work
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Anti-Fraud Controls
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Internal controls and other fraud prevention measures
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Who should manage anti-fraud activities
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Internal controls: dos and don'ts
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Best practices in anti-fraud controls
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General controls: Segregation of duties, delegation of authority, background investigation
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Specific operations-level controls
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Major fraud categories
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Summary of the Subject Matter
This CPE event "Bank Auditors and Employee Fraud" delves into the intricate dynamics between bank auditors and the challenging landscape of employee fraud within financial institutions, offering critical insights and strategies to fortify internal controls and mitigate the risks associated with fraudulent activities.
Key areas of focus include:
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Auditor's Role in Fraud Detection: The event underscores the pivotal role of bank auditors in detecting and addressing employee fraud, emphasizing the necessity of robust audit processes to identify irregularities and potential fraudulent activities within the organizational framework.
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Fraudulent Schemes and Red Flags: Attendees gain comprehensive insights into prevalent fraudulent schemes and red flags indicative of potential employee fraud, empowering them to adopt a proactive stance in identifying anomalous behavior and safeguarding the institution against fraudulent activities.
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Internal Control Strengthening: Through in-depth discussions and case studies, the event provides guidance on enhancing internal controls, bolstering the organization's resilience against internal fraud, and implementing measures to prevent, detect, and respond to fraudulent actions effectively.
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Ethical Governance and Compliance Alignment: The event advocates for an ethical governance framework, aligning compliance efforts with ethical practices to foster a culture of transparency, integrity, and accountability that serves as a deterrent against employee fraud.
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Risk Mitigation Strategies and Best Practices: Attendees are equipped with actionable risk mitigation strategies and best practices tailored to the unique challenges posed by employee fraud, enabling them to implement robust fraud prevention measures and respond decisively to instances of fraudulent behavior.
By addressing these crucial subject matters, the CPE event seeks to empower banking internal audit professionals with the knowledge and strategic acumen necessary to navigate the complex landscape of employee fraud, fostering a culture of vigilance, resilience, and ethical governance within financial institutions.
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Authoritative Sources
Expanding your knowledge after the CPE event on Bank Auditors and Employee Fraud is crucial for gaining deeper insights into the intricate dynamics of fraud detection and prevention within the banking sector. Here are some authoritative sources, along with web links, to further enhance your understanding:
- Banking Compliance Resources by BankersOnline
- BankersOnline offers a wealth of resources related to banking compliance, fraud prevention, and regulatory guidance, providing attendees with access to articles, webinars, and industry updates focused on mitigating employee fraud risks.
- The Association of Certified Fraud Examiners (ACFE)
- The ACFE is a trusted resource for in-depth information on fraud examination, offering research, publications, and educational resources specific to employee fraud detection and prevention within the banking industry.
- The Institute of Internal Auditors (IIA) - Banking and Financial Services Audit Center
- The IIA's Banking and Financial Services Audit Center provides specialized resources, training, and publications tailored to the unique challenges of auditing and fraud management within the banking sector, equipping attendees with industry-specific insights and best practices.
By exploring these authoritative sources, you can continue to build upon the knowledge gained from the CPE event, staying abreast of the latest developments and best practices in fraud detection and prevention within the banking industry.
- Banking Compliance Resources by BankersOnline