Advanced Strategic Economic Crime and Fraud Prevention

• Delegates who have a direct responsibility for the detection and investigation of economic crime and fraud prevention, or who are looking to obtain specific skills within this area.

Course objectives

• To appreciate and apply advanced revenue and fraud management strategies and processes
• To understand and leverage the relationships between commercial requirements and contractual frameworks whilst managing end client relationships and perceptions
• To construct effective contractual frameworks and performance agreements
• To develop effective audit structures and practices to identify and mitigate against the threat of economic crime and fraud

Course content

Review of key function Action Points

• Review of key economic crime foundations
• Global best practice – case studies & analysis
• Key contribution of internal & external audit
• Delegate action planning

Economic crime – by organisations

• Money laundering
• Off shoring via corporate structures
• Working with global enforcement agencies
• Developing effective detection, prevention and compliance systems

The economic crime-fighting toolkit

• Financial analysis – practical systems and process
• International Financial reporting Standards (IFRS)
• Risk based process mapping
• GAP analysis techniques

Conducting effective audits

• Pre-audit planning
• Effective audit sampling techniques
• Recording findings during the audit
• Engaging effectively with stakeholders

Developing Defence Systems

• Overview of electronic defence systems
• Integrating technology and internal process controls
• Global best practice
• Developing defences against new and emerging threats

E-Crime

• Opportunistic E-Crime overview
• Sophisticated E-Crime
• Cyber security defence systems
• External accreditation for data security

Embedding Effective Process Security

• Identifying process vulnerability points
• Process mapping methodology
• Effective process re-engineering for security
• Continuous improvement techniques

Effective Audit report writing

• Ensuring objective comments
• Ensuring use of constructive language
• Improvement recommendations
• Engaging with the external auditor

Engaging with External Auditing

• The key role and objectives of external audit
• Ensuring availability of evidence
• Overcoming organizational cultural challenges
• Capturing learning & growth opportunities form the external audit