Fraud Prevention

Description

Fraud Prevention: A Guide for Small and Medium Sized Enterprises

Course Description

Copyright Ross Maynard 2021

Course Description

Business fraud is a significant, and growing problem. Hardly a day goes by without news reports of organisations being hacked or having their data hijacked. Phishing scams and ID theft are also serious threats to businesses.

According to data produced by Accenture, 43% of cyber attacks are aimed at small or medium sized organisations, but only 14% of those organisations are well protected. Around 60% of successful internet fraud cases are the result of phishing emails, and  30% of cases result from ID theft. These two approaches are increasingly being combined in business internet fraud.

The aim of this course is to help managers in small or medium sized organisations understand the fraud risk that they face, and to take action to mitigate the risk. The course covers frauds risks, creating an anti-fraud culture and developing an fraud risk management strategy. The course comes with a fraud risk mini-audit and sample anti-fraud policies, and related policy documents.

The best way to prevent fraud is to have clear anti-fraud policies and procedures which all staff understand, and which are rigorously enforced; coupled with an open, communicative environment, where staff feel safe and supported to question actions and raise concerns. To help your organisation put these elements in place, this course has five parts:

• Part 1: What is Fraud and Who Commits it?
• Part 2: Creating an Anti-Fraud Culture
• Part 3: Fraud Risk Management
• Part 4: Managing Bribery Risk
• Part 5: Appendices with sample anti-fraud policies, fraud response plans, a whistleblowing policy and anti-bribery policy.

I hope you find the course helpful.

Key Learning Points 

On completion of the course, delegates will be able to:

• Define meaning and nature of business fraud
• Appreciate the variable nature of people’s honesty and how that can tip into fraud
• Understand the personality types of people who commit business fraud
• Identify the elements of an anti-fraud culture
• Explain the steps required to guard against internet fraud
• Understand the elements of a fraud risk management strategy
• Outline the sanctions available for those committing fraud
• Develop an Anti-Fraud Policy, Fraud Response Plan, Whistleblowing Policy and Anti-Bribery Policy for their organisation
• Begin to audit the level of fraud risk and bribery risk in their organisation

Curriculum

Part 1: What is Fraud and Who Commits it?

L1: What is Fraud?

L2: The Variable Nature of Honesty

Part 2: Creating an Anti-Fraud Culture

L3: Creating an Anti-Fraud Culture

L4: Internet Fraud and Cybercrime 

Part 3: Fraud Risk Management

L5: The Fraud Risk Management Strategy Part 1

L6: The Fraud Risk Management Strategy Part 2

L7: Sanctions for Fraud 

L8: Tips to Help Prevent Fraud

L9: The Fraud Risk Mini-Audit

L10: Fraud Prevention Exercises

Part 4: Managing Bribery Risk

L11: The Bribery Act 2010

L12: The Bribery Risk Mini-Audit

Part 5: Appendices

• Sample Anti-Fraud Policy 1
• Sample Anti-Fraud Policy 2
• Sample Fraud Response Plan 1
• Sample Fraud Response Plan 2
• Sample Whistleblowing Policy
• Sample Anti-Bribery Policy

Pre-Course Requirements

There are no pre-course requirements

Additional Resources

PDF copies of the following documents are provided with the course:

• Sample Anti-Fraud Policy 1
• Sample Anti-Fraud Policy 2
• Sample Fraud Response Plan 1
• Sample Fraud Response Plan 2
• Sample Whistleblowing Policy
• Sample Anti-Bribery Policy
• Sample Code of Ethics
• CIMA Fraud Risk Management Guide 2016
• The Honesty Questionnaire
• The Fraud Risk Mini-Audit
• The Bribery Risk Mini Audit

Course Tutor

Your tutor is Ross Maynard. Ross is a Fellow of the Chartered Institute of Management Accountants in the UK and has 30 years’ experience as a process improvement consultant specialising in business processes and organisation development. Ross is also a professional author of online training courses.

Ross lives in Scotland with his wife, daughter and Cocker Spaniel