Bank Auditors and Employee Fraud

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

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.

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

This CPE event "Bank Auditors and Employee Fraud" delves into the intricate dynamics between bank auditors and the challenging landscape of employee fraud within financial institutions, offering critical insights and strategies to fortify internal controls and mitigate the risks associated with fraudulent activities.

Key areas of focus include:

• Auditor's Role in Fraud Detection: The event underscores the pivotal role of bank auditors in detecting and addressing employee fraud, emphasizing the necessity of robust audit processes to identify irregularities and potential fraudulent activities within the organizational framework.

• Fraudulent Schemes and Red Flags: Attendees gain comprehensive insights into prevalent fraudulent schemes and red flags indicative of potential employee fraud, empowering them to adopt a proactive stance in identifying anomalous behavior and safeguarding the institution against fraudulent activities.

• Internal Control Strengthening: Through in-depth discussions and case studies, the event provides guidance on enhancing internal controls, bolstering the organization's resilience against internal fraud, and implementing measures to prevent, detect, and respond to fraudulent actions effectively.

• Ethical Governance and Compliance Alignment: The event advocates for an ethical governance framework, aligning compliance efforts with ethical practices to foster a culture of transparency, integrity, and accountability that serves as a deterrent against employee fraud.

• Risk Mitigation Strategies and Best Practices: Attendees are equipped with actionable risk mitigation strategies and best practices tailored to the unique challenges posed by employee fraud, enabling them to implement robust fraud prevention measures and respond decisively to instances of fraudulent behavior.

By addressing these crucial subject matters, the CPE event seeks to empower banking internal audit professionals with the knowledge and strategic acumen necessary to navigate the complex landscape of employee fraud, fostering a culture of vigilance, resilience, and ethical governance within financial institutions.

Expanding your knowledge after the CPE event on Bank Auditors and Employee Fraud is crucial for gaining deeper insights into the intricate dynamics of fraud detection and prevention within the banking sector. Here are some authoritative sources, along with web links, to further enhance your understanding:

• Banking Compliance Resources by BankersOnline
  • BankersOnline offers a wealth of resources related to banking compliance, fraud prevention, and regulatory guidance, providing attendees with access to articles, webinars, and industry updates focused on mitigating employee fraud risks.
• The Association of Certified Fraud Examiners (ACFE)
  • The ACFE is a trusted resource for in-depth information on fraud examination, offering research, publications, and educational resources specific to employee fraud detection and prevention within the banking industry.
• The Institute of Internal Auditors (IIA) - Banking and Financial Services Audit Center
  • The IIA's Banking and Financial Services Audit Center provides specialized resources, training, and publications tailored to the unique challenges of auditing and fraud management within the banking sector, equipping attendees with industry-specific insights and best practices.

By exploring these authoritative sources, you can continue to build upon the knowledge gained from the CPE event, staying abreast of the latest developments and best practices in fraud detection and prevention within the banking industry.