Bank Auditors and Employee Fraud

Price

$120.00

Duration

2 CPEs

About the Course

Being offered twice a quarter on Wednesdays at 1:00 p.m. to 3:00 p.m. Central Time.

Which industry has the most reported occupational fraud schemes?

Banking of course!!!

Are you in a position as a banking industry internal auditor to:
Find and report to management fraud losses?
Investigate fraud allegations from the hotline?
Look for control weaknesses that lead to employee fraud?
Suggest process and policy improvements to mitigate fraud?
Look for the red-flags that something is amiss?
Understand the fraud that can be within your financial statements?

Banking organizations are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threats to a banking organization.

Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

This timely, two hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their tradecraft skills within fraud protection and detection.

Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.

Which industry has the most reported occupational fraud schemes…the banking industry of course!!!

This online CPE training event is designed by an industry expert for the banking industry on bank employees committing fraud and how internal auditing need to respond.

This event provides the tools needed to design better audit programs and procedures to combat employee fraud.

The purpose of this CPE training event is to introduce you to the role the internal auditor plays in detecting and preventing fraud.

This two hour CPE training event discusses types of fraud, fraud indicators, and fraud controls within the banking industry.

CPE Event Highlights

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.
Major fraud risk categories
Best practices in conducting a fraud detection and prevention program
Understanding a fraud risk assessment
Value of a fraud detection and prevention program

Learning Objectives

Attendees will understand:
A banking institution's fraud problems
Why bank employees commit fraud
The essential fraud detection tools and techniques within the banking industry
The best practices for developing and implementing anti-fraud internal controls
How to identify the red flags of fraud within a banking organization
Detecting and investigating fraud
Building an anti-fraud control environment.

Key Issues on the Agenda

The major agenda items within this intense CPE training event are:
Statistical overview of the fraud problem
Who commits fraud
Why employees commit fraud (the fraud triangle)
Lessons from fraudsters
Common types of internal fraud today
Red Flags of Fraud
Conducting a fraud risk assessment and recognizing the red flags of internal fraud
The fraud risk mitigation cycle
Implementing an organization-wide system for detecting, preventing and investigating fraud
Fraud detection
How frauds are most often detected
Additional general detection methods
Data mining/analytics for fraud detection
Examples of fraud audit techniques at work
Anti-Fraud Controls
Internal controls and other fraud prevention measures
Who should manage anti-fraud activities
Internal controls: dos and don'ts
Best practices in anti-fraud controls
General controls: Segregation of duties, delegation of authority, background investigation
Specific operations-level controls
Major fraud categories

Your Instructor

Jim J. George

Over 30 years of experience as a consultant and advisor to major banks. He was an associate partner and principal at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture).

Jim J. George