The role of internal audit has changed dramatically in recent years, with a much greater emphasis on providing assurance to management about the control environment, Value for Money and the quality of corporate governance.
However, internal audit still has a key role to play in combating and investigating fraud. Expertise in identifying high risk areas, together with the skills to identify and handle incidents of financial crime, is just as important as it ever was. The incidence of such fraud is increasing and, statistically, it is likely to be one of your long-standing, trusted employees who is stealing your money, your assets or your information.
Combating crime requires expertise in information gathering, investigations, interviewing, analysis, record keeping and document management. Generally speaking, police forces are not sufficiently trained and do not have the resources to support or undertake investigations of this nature. This means that when auditors do call in the police, the response is often limited.
The chances of obtaining a successful prosecution or recovering the stolen money are slim unless you have the forensic skills to undertake the investigation successfully and to bring the case to a successful conclusion. This programme is aimed at providing you with the skills and knowledge to carry out and lead forensic auditing.
Key Learning Objectives
What forensic auditing is and the role of forensic auditing in both internal and external audit
Risk based auditing and the Audit Plan and the relationship between internal and external audit
The importance of good corporate governance and counter-fraud activity and awareness
Typical types of fraud and who perpetrates them
Counter fraud techniques: preventing, detecting and correcting fraud and corruption
What to do when a fraud is discovered and investigation of fraud and corruption
Reporting, confidentiality, communications, record keeping and document control
Involving the police and the criminal justice system and moving on: the aftermath of fraud
Benefits of Attending - You Will Be Able To:
Understand forensic auditing and the importance of its role in modern audit
Be aware of the potential risks of fraud and corruption
Incorporate forensic auditing into Audit Plans
Use forensic audit techniques and manage a major investigation
Develop an approach to countering fraud risks and help develop a set of internal controls
Be aware of the need to allocate responsibility for propriety within a complex organisation
Advise on the engagement of police and the criminal justice system
Compile an evidence-based report of findings and taking appropriate action
If you have a number of people who require training, you might find it more economical to have the training at your offices. Our trainers are armed with all the equipment and materials necessary.
All you need to do is supply the room.
In addition in-house courses can be tailored to meet the precise needs of your business. Tis could mean tailoring a course for a business unit; combining elements of different elements of different courses to match your exact specifications; or producing a course from scratch.
Please contact us at firstname.lastname@example.org and we'll get in touch to discuss your requirements in detail.