Frauditing - Internal Controls to Prevent and Detect Corporate Fraud

Enhance your fraud prevention skills with the Frauditing - Internal Controls to Prevent and Detect Corporate Fraud CPE event. This comprehensive four-hour training is tailor-made for CFOs, internal auditors, compliance professionals, and fraud examiners seeking to strengthen their defenses against corporate fraud. With a focus on mastering fraud risk assessment, understanding internal controls like COSO 2013, and leveraging cutting-edge techniques, this session empowers you to build robust systems that deter and detect fraudulent activities. Plus, you’ll earn 4 NASBA-approved CPE credits to advance your professional development.
 
Why Attend This Training?
1. Master Fraud Risk Assessment
Learn how to identify and evaluate fraud risks specific to your organization.
Discover the key steps to conduct a thorough fraud risk assessment.
2. Strengthen Internal Controls
Understand COSO 2013 and other internal control frameworks like COBIT to mitigate fraud risks.
Learn how to evaluate and document controls that prevent and detect corporate fraud.
3. Gain Practical Anti-Fraud Strategies
Explore real-world fraud prevention techniques, including effective entity-level controls, continuous monitoring, and data analysis tools.
Familiarize yourself with actionable steps to respond when fraud is discovered.
4. Earn 4 CPE Credits
Fulfill continuing education requirements while strengthening your expertise in fraud prevention and detection.
 
What You’ll Learn
Fraud poses an estimated cost of 5% of corporate revenues—an issue no organization can afford to overlook. This program equips you with the tools to address every facet of fraud risk, from understanding perpetrators to implementing best practices in prevention and detection.
 
Key Learning Objectives:
Develop a clear roadmap for preventing and detecting corporate fraud.
Understand fraud perpetrator profiles, including behavioral red flags.
Gain insights into fraud schemes, including asset misappropriation, corruption, and financial statement fraud.
Strengthen your organization's internal control framework for fraud mitigation.
 
Course Details
Schedule: Every eight weeks on Fridays, from 10 a.m.–2:30 p.m. CST.
Format: Live, interactive sessions designed for audit professionals and business leaders.
Credits: Earn 4 CPE credits, based on 50 minutes of instruction per credit.
Fee: $280 per attendee.
Private Sessions Available: Customizable training options for teams of two or more are available to suit your organization’s needs.
 
Session Agenda:
1. Internal Control Frameworks for Fighting Fraud
Learn the essentials of COSO 2013, COBIT, and AICPA SAS 99.
Explore the balance of risk control and compliance practices.
2. Understanding Fraud Perpetrators
Analyze fraud triangle concepts, behavioral red flags, and fraud typologies across industries and roles.
3. Fraud Schemes and Classifications
Examine schemes like asset misappropriation, corruption, and financial statement fraud in depth.
4. Tools for Prevention and Detection
Master financial statement analysis, transactional reviews, and fraud testing.
5. Implementing Best Practice Anti-Fraud Controls
Learn about the importance of fraud policies, segregation of duties, and effective communication channels.
Explore the role of human resources policies and anonymous reporting hotlines.
6. Leveraging Technology
Discover software tools and continuous monitoring techniques tailored for combating fraud.
7. Creating a Fraud Risk Assessment Plan
Design a practical guide to assess and mitigate fraud risks effectively.
8. Responding to Fraud
Learn actionable steps to take after detecting fraud, ensuring compliance and recovery for your organization.
 
Who Should Attend?
This program is ideal for professionals responsible for fraud prevention and compliance within their organizations:
CFOs and Controllers: Leaders tasked with implementing fraud prevention strategies at the executive level.
Internal Auditors and CFEs: Specialists aiming to refine their fraud detection and risk assessment skills.
Compliance Officers: Professionals seeking comprehensive tools to strengthen organizational integrity.
Financial Analysts and Attorneys: Individuals involved in fraud detection, prevention, or investigation.
 
Why Internal Controls Are Essential
Internal controls are the backbone of fraud prevention. They not only safeguard your organization from significant financial losses but also ensure compliance with regulatory frameworks like SOX and COSO 2013. With the right controls in place, you can:
Identify fraud risks early in the process.
Build a strong culture of transparency and accountability.
Protect your organization’s reputation and financial stability.
 
Take Your Fraud Prevention Skills to the Next Level
Fraud isn’t just a financial issue—it’s a risk to trust and credibility. Investing in this Frauditing CPE event equips you with the knowledge and tools to protect your organization. Through a mix of theoretical insights and practical applications, you’ll leave the session empowered to detect, deter, and respond to fraud effectively.
 
Register now to advance your fraud prevention expertise, strengthen your internal controls, and earn 4 CPE credits on your path to professional excellence!