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Bank Auditors and Employee Fraud

Monthly on selected Tuesdays at 1:00 p.m. Central Time in two CPE event

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 allogations from the hotline?

  • Look for control weaknesses that lead to employee fraud?

  • Suggest process and policy improvsments to mitgiate 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.

The retail cost of the online 2 CPE internal auditor training event is $120 per attendee.

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

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Business Ethics
CPE Credits: 2, based on 50 minutes of instruction per hour

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 Items 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