Introduction

Fraud represents a persistent and evolving threat that can significantly undermine financial stability, operational integrity, and organisational reputation. As fraud schemes become more sophisticated, organisations require structured and proactive approaches to prevention, detection, and investigation rather than reactive responses after losses occur.

The Fraud Prevention, Detection and Investigation training course provides a comprehensive understanding of how fraud occurs, why controls fail, and how risks can be effectively managed across the organisation. Participants will gain practical insight into fraudster behaviour, control weaknesses, and investigation processes, enabling them to strengthen governance, protect organisational value, and respond confidently when fraud is suspected.

Key focus areas include:

Key Learning Outcomes

At the end of this training course, participants will be able to:

Training Methodology

This training course uses an applied, scenario-based learning approach combining expert-led discussions, real fraud cases, analytical exercises, and investigation simulations. Participants will develop practical judgement and hands-on capability to apply fraud prevention, detection, and investigation techniques in real organisational contexts.

Fraud Prevention, Detection and Investigation

Who Should Attend?

This training course is ideal for professionals seeking to…

  • Strengthen organisational fraud prevention frameworks
  • Detect and respond to fraud risks effectively
  • Support internal audit, risk, and compliance functions
  • Investigate suspected fraud with confidence and structure
  • Protect organisational assets and reputation
  • Enhance governance and ethical oversight

 

Course Outline

Day 1

Fraud Risks

  • Background
    • Fraud Explained: Definitions
    • Fraud Statistics
    • Why is fraud such a serious issue?
    • ACFE Fraud Survey Results
    • The Cost of Fraud
    • Who commits fraud?
    • Profile of a Fraudster
    • Trends and Statistics regarding Detected Fraud
      • Why fraud is probably being perpetrated now in your organisation?
  • Evaluating the Fraud Risks
    • E & Y 13th Global Fraud Risk Survey Results
    • Fraud Risk Management Process
    • Managing the Business Risk of Fraud (IIA, CPA, CFE Paper )
    • 6 Principles (from the paper )
    • Fraud Risk Management Programme should be in Place
    • Fraud Risk Exposure should be Assessed
    • Prevention Techniques to Avoid Potential Fraud Risk Events
    • Detection Techniques should be Established
    • A Reporting Process should be in Place
    • A Coordinated Approach to Investigation and Corrective Action
    • Building a Picture of the Major Fraud Risks
    • Supplier and Outsourcing Fraud
    • Fraud Risk Matrix
    • Fraud Scenarios
    • Fraud Risk Register Example
    • Fraud Risk Questionnaire
    • Generic Risk Factors
    • Specific Risk
    • Design of Controls to Prevent Fraud
    • Physical and Logical Access
    • Job Descriptions
    • Accounting Reconciliations
    • Supervision  
  • The IT Fraud Risks
    • Computer Fraud Paper
    • Computer Fraud Prevention
    • E-Commerce – The key fraud risks and steps to take to mitigate them
    • Internet and Intranet – The fraud risks
    • Preventing Internet Fraud Paper
    • IT Security – How to evaluate effectiveness and influence change?
    • Adoption and Enforcement of Information Security Standards
    • Segregation of Duties - The Dangers and the Practical Solutions
    • How to detect IT fraud?
  • Identity Fraud
    • Identity Fraud – The Fastest Growing Fraud Risk
    • Identity Fraud – Fraud Advisory Panel Paper
    • Identity Fraud Examples
    • How to protect your business?
  • The Risk of Corruption
    • Corruption Causes
    • Corruption Indicators
    • Fraud Red Flags
    • Procurement Fraud Risks
    • The Issues to Look For
    • Bid Rigging – The issues to look for
Day 2

Developing a Fraud Prevention Process

  • Fraud Mitigation
    • How to evaluate fraud risk mitigation?
    • Why controls may not protect you?
    • Putting Yourself in the Mind of the Fraudster
    • Examination of Typical Controls in Place to Mitigate the Risks
    • Risk Exposures
    • Identifying the Vulnerable Areas
  • Procurement Fraud
    • Tendering and Bidding
    • Common Indicators
    • Supplier and Outsourcing Fraud
    • Procurement and Inventory Fraud Risks
    • A Procurement Fraud Checklist will be Provided
  • Fraud Indicators
    • The Top 30 Fraud Indicators
    • How to spot the danger signals?
    • Fraud Indicators – Fraud Advisory Panel Paper
    • Developing a Toolkit for Identifying Possible Frauds
    • An Auditor’s Fraud Toolkit will be Provided
  • Implementing a Best Practice Fraud Prevention Process
    • CIMA Fraud Risk Management Guidance
    • Introducing Effective Anti-fraud Policies
    • Creating a Fraud Consciousness Loop
    • Development of a Fraud Awareness Training Programme
    • Communicating Standards of Expected Behaviour /Ethics
    • The Need for Strong and Consistent Action When Fraud is Suspected
    • Electronic Data and Asset Protection
    • Fraud Response Plans Paper
    • Anti Money Laundering – issues and requirements
    • Money Laundering Paper in the Pack
    • The Relationship between Fraud, Risk and Control
    • The Roles, Responsibilities and Liabilities of Auditors, Management, Specialists and Others
Day 3

The Link between Fraud Prevention and Detection

  • Aiming for a Cost-effective Balance between Prevention and Detection
    • Use of Management Check-lists
    • The Need to be Able to Think like a Fraudster – To be able to prevent it
    • Company Policy on Consequences of Committing Fraud
    • Facilitation of Whistle Blowing
    • Whistle Blowing Policy
    • Pros and Cons of External Hot-lines
    • Use of Specialists to Aid Detection and Investigation
    • Preparing and Implementing Fraud Contingency Plans
    • How to ensure fraud investigation is always given top priority?
    • Use of Successful Fraud Investigation as a Moral Deterrent
    • Managing the External Coverage of Proven Fraud
  • The Assurance Role regarding Fraud
    • ECIIA Paper
    • Prevention and Investigation
    • Should Detection be an IA role?
    • The IIA States currently Detection is not an IA role
    • What should IA do to aid detection?
  • Use of Computer Assisted Audit Techniques (CAAT’s)
    • ACL as a Fraud Investigation Tool
    • ACL Fraud e- book
    • Examples of How to use CAAT’s in Fraud Investigation will be Shared
    • Benford’s Law
    • Benford’s and CAAT’s Paper
Day 4

Fraud Detection and Legal Issues

  • Data Mining as a Fraud Detection Tool
    • Fraud Detection Basics Paper
    • Fraud Profiling – How to target the right systems?
    • GTAG 13 Fraud Prevention and Detection in the Automated World
    • Data Mining Paper
    • Risk Scoring
    • Fraud Risk Prioritisation
    • How to get the information you need?
    • The Use of Internal Databases
    • Demonstration of External Databases
    • Data Validation
    • Automated Fraud Detection
    • How to put the techniques into use in your organisation?
    • Audit Software – The tools available
    • Practical Uses of Data Mining and the Results Achievable
  • The Legal Aspects
    • The Need to Stay within the Law
    • The Legal Implications
    • When to bring the lawyers in?
    • How to protect your work from disclosure? – legal privilege
    • How to ensure that evidence is admissible?
    • Search and Seizure Orders
    • Civil vs. Criminal Action
    • Bribery Act and the Implications for GCC Businesses
    • Gifts and Hospitality Guidance
    • How to recover stolen assets? – Making sure the criminal does not profit
    • How to handle disciplinary proceedings?
    • Employers and Employees Rights
  • What to do when you suspect fraud?
    • How to react when fraud is suspected?
    • How to decide who needs to be told?
Day 5

Fraud Investigation

  • Managing the Investigation
    • The Need for thorough Planning
    • Determining the Objectives of the Investigation
    • Who should be involved? – What skills do you need?
    • How to keep the investigation low-profile?
    • Conducting Fraud Investigations Guidance
    • Research – What information can lawfully be obtained?
    • What information is available and can be used?
    • Forensic Evidence and How to obtain it
    • Collating Information and Maintaining the Chain of Evidence
    • Knowing When to Suspend or Dismiss Employees
    • Fraud Investigation Report Template will be Provided
  • Interviewing Suspects and Witnesses
    • Setting the Scene – choice of venue, etc.
    • Do you know your legal authority for conducting interviews?
    • Can you use deception in interviews?
    • How do you avoid breaching the employees’ rights under law?
    • 47 Tips for Fraud Interviews
    • Planning the Interview – do’s and don’ts
    • Fraud Interview – The 10 Steps
    • How to keep in control?
    • How to tell if someone is lying?
  • Communicating the Results
    • When and how to inform top management?
    • When to inform regulators / the police / etc?
    • Managing External Coverage
    • Dealing with the Media / Stakeholders
    • The Use of Successful Fraud Investigation as a Moral Deterrent
    • Rebuilding Damaged Relationships

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FAQs

The Fraud Prevention, Detection and Investigation training course focuses on building practical capability to manage fraud risks proactively. It enables participants to prevent fraud through strong controls, detect suspicious activity early, and conduct effective investigations when incidents occur.

Yes, the course provides a balanced approach covering fraud prevention, detection, and investigation. Participants learn how these elements work together to create a comprehensive and effective fraud risk management framework.

The training course includes data-driven detection methods and analytics-based techniques used in modern fraud management. Participants gain insight into how data mining and automated tools can enhance fraud detection and monitoring.

Absolutely. Fraud Prevention, Detection and Investigation is particularly valuable for organisations seeking to establish or strengthen a structured fraud prevention and response approach aligned with governance and control requirements.

Organisations benefit from reduced fraud exposure, stronger internal controls, improved investigative capability, and increased confidence in managing fraud incidents. This supports financial protection, regulatory compliance, and long-term organisational trust.

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