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Corporate Fraud Risk Management, Forensic Auditing & Exercising Professional Scepticism

Corporate Fraud Risk Management, Forensic Auditing & Exercising Professional Scepticism

Duration: 2 Days  | 9 am – 5 pm
Monday- Tuesday &
Duration: 2 Days  | 9 am – 5 pm
Wednesday- Thursday

10th – 11th February 2020, Lahore – Pakistan.

12th – 13th February 2020, Karachi – Pakistan.

Brief Course Overview:

This course is designed to provide participants with a clear understanding of the risks posed by fraud and other business misconduct such as corruption to their organization using a series of sessions which help those taking the course to understand the definition of fraud, what cause fraud, and what strategies, controls and education / awareness needs to be in place to mitigate such risks.

The training looks at anti-fraud controls, policies, deterrence and fraud risk management. Of particular interest to management and auditors will be the final section of the training dealing with “professional scepticism” – how to we effectively challenge and obtain evidence that what we are told about the organization’s performance and financial health, are true?

Learning outcomes from this course

  • Attendees will be able to assess the effectiveness of anti-fraud controls and policies in their business
  • Understand what are the potential drivers of fraud within their organizations so as to take steps to mitigate the impact of these.
  • Identify fraud warning signs or so-called “red flags” which may indicate the possibility of fraud occurring
  • Improve the use and application of professional scepticism in the organization so as to empower auditors and managers to effectively question business leaders and managers and obtain evidence which validates claims relating to performance and finances.

Why you cannot miss this event

Fraud continues to pose significant threats to businesses of all sizes worldwide. No sector is free from the risk of falling victim to fraud by managers, employees, customer, suppliers or other external third parties. This two-day programme is designed to help you understand what fraud is, the breadth of the threat you face and how to mitigate the risk of fraud, and related risks like corruption through the use of effective anti-fraud controls, the development and roll-out of policies and the development of mechanisms to facilitate the reporting and investigation of fraud and corruption.

With regular failures of auditors, whether internal or external to spot fraud which frequently causes significant damage to finance and / or reputation, we also look at the effective exercise of professional scepticism by managers, auditors and others in a business to seek evidence to support representations made by management about performance, finances, targets, sales or profits.