Fraud Detection & Investigation

Instructor:   Courtenay M. Thompson Jr.


Our Approach to Fraud Training

Fraud is alive and well! Disturbing fraud and corruption patterns continue despite recent changes in law, regulations, and accounting and auditing standards. Executives, directors, managers, finance professionals and auditors need to be able to protect their organizations from excessive fraud-related losses and the devastation related to mishandling of suspected wrongdoing. Specifically, they need the ability to:

  • Use practical methods to avoid or prevent fraud
  • Identify suspected wrongdoing early
  • Conduct complete and thorough investigations
  • Take appropriate actions based upon investigation results
  • Learn lessons from fraud experiences

Dishonest and fraudulent activity is often overlooked or mishandled by well-intentioned auditors or management. A well thought-out approach, supported by fraud training, can increase the likelihood that fraud losses will be minimized, and that the response to suspected fraud will be professional, with minimum risk of mishandling.

In 1984 we began providing fraud training for internal auditors and auditors in government. The learning outcomes built into our fraud-related courses include:

  • Basic fraud concepts
    • The challenge fraud presents to organizations and auditors
    • Perils and pitfalls associated with fraud and how to avoid them
    • Who really steals?
    • Why internal controls don't stop fraud
    • Approaches to fraud prevention
    • Roles for auditors, investigators and management related to fraud
  • Fraud detection
    • How fraud is detected, by auditors and management
    • Why fraud goes undetected, and what to do about it
    • How to build fraud detection into routine audit and management practice
    • Practical use of behavioral indicators to surface fraud
    • Using data analysis for fraud detection
  • Investigation of fraud
    • Elements of a complete investigation
    • Tips and techniques for more effective investigations
    • Practical investigative tools, - checklists, charts, mapping, spreadsheets
    • How to prove suspected wrongdoing
    • How to identify the perpetrator

Our most frequently presented fraud courses are:

Increasing Auditor Effectiveness in Recognizing & Detecting Fraud  This one day course is a favorite of chapters of professional associations.

Increasing Auditor Effectiveness in Recognizing & Detecting Fraud provides specific approaches and steps to help auditors in recognizing and detecting fraud. It is a "how to" course which presents suggestions for detection and for creating an environment which promotes discovery of fraud.

Fraud Awareness for Managers  Clients use this one-day course to mobilize management in the fight against fraud. Participants brainstorm fraud for their own areas and develop processes to detect specific fraudulent activity.

Fraud Awareness for Managers introduces managers to basic fraud concepts and their responsibilities for detection and response, defines and communicates fraud-related expectations, and encourages accountability. Participants have detected fraud the day after completing this course, usually saying, "I never thought about it this way before."

Fraud Detection & Investigation for Internal Auditors  

There is a lot of misunderstanding about fraud-related roles played by internal auditors. Some auditors have no role in responding to fraud; other internal auditors spend significant amounts of their audit time investigating suspected wrongdoing. Fraud Detection & Investigation for Internal Auditors teaches how to help the organization address the challenge of fraud...without becoming a "gotcha auditor."


Fraud Detection & Investigation for Government Auditors  Government auditing is different...or is it?

Government auditors may deal with concerned citizens, quasi governmental entities, grant recipients, contractors, federal, state and local municipalities, elected officials, law enforcement and the media. This two-day seminar provides practical approaches government auditors can use to increase their own effectiveness in detecting and responding to fraud, as well as help management fight dishonest and fraudulent activity.

Purchasing Fraud: Prevention, Detection & Response  

Learn the real fraud exposures in purchasing and understand why purchasing fraud is so difficult to detect and respond to.  Attendees explore specific steps some organizations take to reduce exposures to purchasing-related fraud and discover practical approaches and proven techniques used to detect and investigate purchasing fraud.  Data analysis, gifts and entertainment practices, purchasing outside of traditional procurement, bid rigging, procurement card exposures and solutions, proving kickbacks and an investigative checklist are also included.

Contact us for more detailed information about these courses or to learn about our other fraud courses. In addition, we frequently participate in workshops or conferences addressing fraud-related topics of unique or specific interest.

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