This course is available in both Live Webinar (virtual) and Classroom (physical).

For this session, it will be delivered as CLASSROOM. If you prefer to join the Live Webinar session, please register here.

Programme Objective

This workshop will provide participants with a clear understanding of fraud risk factors that affect the public sector agency’s ability to achieve public accountability in managing, using and maximizing taxpayer’s funds in its delivery of public services.

Participants will achieve a good framework for understanding, analyzing and proposing policies, processes and procedures to mitigate fraud risks within their agencies. Participants will also obtain practical and implementable tips to strengthen the agency’s fraud risk posture.

Programme Outline

•   Fraud in the Public Sector
      -   What is Fraud
      -   High Profile Fraud Cases that have occurred in the Public Sector
      -   Fraud Statistics – global and local

•   Fraud Risk Prevention
      -   Red Flags for Fraud
      -   Public Accountability Framework
      -   Policies, Processes and Procedures
      -   Defence in Depth

•   Fraud Risk Detection
     -    Management and internal controls
     -    Internal Audit, External Audit and the Auditor-General’s Office
     -    Whistle-blowing or internal disclosure policy

•   Fraud Risk Recovery
     -    Organisational Policies
     -    Forensic Accounting and Investigations
     -    External Investigative Agencies

•   Building a Fraud Risk Resilient Organisation
     -   Fraud Risk Questionnaire
     -   Individual mitigating actions
     -   Organisational mitigation actions

The workshop would include interactive elements such as group discussions and online quizzes and polls (using online tools e.g. Slido or equivalent) to facilitate reflection and encourage participants to learn from one another’s experiences in their respective areas of work.

Learning Outcome

After the course, participants would be able to:

•   Obtain an understanding what is fraud and how it can happen in public agencies
•   Identify ways to prevent, detect and recover from fraud risks
•   Conduct an analysis of the fraud risks within your respective agencies using the fraud risk frameworks
•   Develop a customized fraud risk management approach for your agency
•   Apply preventative, detective and recovery fraud risk measures to strengthen the agency’s posture against fraud risk

Training Methodology

Lecture style with exercises /case studies.

Closing Date for Registration

1 week before programme or until full enrolment.
 

Intended For

Accountants, Controllers, Finance Managers, Internal / External Auditors and All Accounting Professionals.

Programme Facilitator(s)