Effective Fraud Detection & Risk Minimisation Masterclass

Event Details

    Forensic accounting and fraud detection

    • The fraud cycle/triangle
    • The nature and scope of fraud
    • Who commits fraud and why
    • Fraud schemes
    • Global best practice in the prevention of fraud detection
    • Latest legislation and case law

    Keys to effective fraud detection in the accounting system and financial performance

    • Reviewing fraud risk analysis and common risk areas
      • Cash and cheques
      • Accounts payable and accounts receivable
      • Insurance cover
      • Identity related fraud
      • Securities and investment
      • Procurement fraud
    • Fraud detection model
    • Identifying common red flags
    • Detecting fraud using financial analysis

    Money laundering 

    • Money laundering methods and trends
    • Anti-Money Laundering and Countering Financing of Terrorism Act 2009
    • The role of cash vs other payment methods in money laundering schemes
    • Requirements and recommendations of the Financial Action 
    • Task Force (FATF)
    • Processes in monitoring money laundering transactions and reporting

    Legal issues

    • Evidence gathering process
    • Statutory law, common law, the laws of evidence and procedure

    Ethics and corporate governance

    • Responsibilities of board of directors, management and auditors in preventing and detecting fraud 
    • Fraud risk management strategies/policies/processes
    • Ethical organisations

    Utilisation of technology for fraud prevention and detection 

    • The role of IT security in preventing fraud
    • Using data analytics to identify fraud
    • PCI DSS (Payment Card Industry Data Security Standard)

    Computer forensics

    • Investigating fraud through the use of computer forensics
    • How computer forensics can be of benefit
    • What to do if you suspect the use of IT systems to perpetrate fraud

    Bribery and corruption

    • New Zealand legislation and experience
    • International legislation and experience
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