Course Overview
Fraud prevention is critically important for finance officers because they are responsible for protecting an organisation’s financial integrity, reputation, and long-term stability. Finance officers handle budgets, payments, payroll, and financial records and strong fraud prevention helps stop theft, fraud and unauthorised transactions that could cause major financial losses.
If fraud occurs, it damages trust with stakeholders such as clients, investors, employees, and regulators. Preventing fraud helps maintain the organisation’s credibility and public confidence. Fraud can distort financial records, leading to incorrect reports. Finance officers must ensure financial information is accurate so management can make informed decisions.
Learning Outcomes:
- Understand the vulnerabilities of public sector entities to fraud
- Evaluation of existing internal and anti-fraud controls
- Developing a fraud risk management that adequately protects the organisation
- Identify key scheme types, including:
- Embezzlement and misappropriation
- Procurement fraud
- Financial statement fraud
- Fraud in the grant application process
- Fraud detection and red flags:
- Understanding the symptoms of fraud
- Behavioural red flags
- Systems red flags
- Analytical red flags
- Actions to take once a fraud is suspected or detected
Intended Audience:
Fraud prevention training benefits a wide range of individuals and organisations, especially those involved in handling or overseeing financial activities.
Finance officers, controllers, employees, stakeholders, auditors and regulators will benefit from attending this training to learn best practice in protecting finances, improving accuracy and ensuring trust and compliance.