Investigating Fraud - The Critical Role of Auditors, Compliance Officers, HR and Fraud Examiners

Fraud can happen in any organization. It can cause the loss of public money or property, hurt employee morale, undermine confidence, cause financial reporting misconduct, or, more generally, cause corruption. Fraud causes significant losses to investors each year. 

A proactive approach to managing fraud risk is one of organizations' best steps to mitigate exposure to fraudulent activities. Although eliminating all fraud risk is likely not possible or economical, organizations can take proactive and constructive steps to reduce their exposure. The combination of effective fraud risk governance, a thorough risk assessment, vital fraud prevention and detection measures, coordinated and timely investigations, and corrective actions can significantly mitigate fraud risks. 

Here are some essential steps for protecting the company in a fraud investigation:

• Assemble your team of professionals.
• Inform necessary parties.
• Restrict the suspect's access.
• Gather and preserve evidence.
• Document investigative procedures and findings.
• Implement Recommended Corrective Measures.

Areas Covered:

• Deterrence and Detection of Fraud.
• Forensic Auditing.
• Seeking Proof.
• Sources of evidence.
• Conducting Fraud Interviews.
• Problems in Detecting Fraud.
• Roles and Responsibilities.
• The Internal Audit role.
• The Forensic Investigator.

Why Should You Attend:

Fraud is a pervasive issue that affects businesses, organizations, and individuals across various industries. The webinar is designed to provide the participants with a sound understanding of auditors – internal and external, accountants, compliance officers, human resource, fraud examiners, management, detection, prevention, and resolution, and to provide the participants with in-depth knowledge and experience of the players in a fraud investigation.

Fraud investigations are complex and multifaceted processes that require a systematic approach. This is unfamiliar territory for many companies and owners, and most are unsure what to do once fraud is discovered. Often, an organization is surprised to find itself a victim of fraud, especially when the perpetrator is a trusted employee. Organizations must remain vigilant and prepared to handle the situation carefully and responsibly once fraud arises. 

Who Should Attend:

• Data Analysts
• Internal Auditors
• Financial Managers
• Operational Managers