Dates for this course

27/09/10 - 08/10/10

Who should attend:

• Auditors, risk and security managers who need a further understanding of Financial Crime Management.
• Senior company executives, CEO’s and all levels of management including supervisors who wish to gain an insight into financial fraud.
• Risk Managers, Auditors and any persons working within a regulatory body/department.
• Compliance Staff.
• Managers of regulatory bodies (FSA/SEC) and credit rating agencies.

Course objectives:
• How to combat economic and organised crime, corruption, money laundering, cyber crime which involves criminal offences committed against or with the help of computer networks, and organised crime.
• It will also seek to establish how economic crime and organised crime are linked to value added tax fraud, public procurement, over-invoicing, privatisation, counterfeiting of commercial products, investment fraud,    environmental crime, and other fraud.
• Review new developments and trends, in particular legislation in various countries and its perceived success or otherwise.
• Examples of fraud arising during the credit crisis.

Course content: 

The Economic Crime Scene
• Types of Corporate Fraud Techniques
• Employee fraud
• Computer transfer fraud
• How to investigate fraud
• Management fraud
• The Role of Internal and External Auditors in combating fraud
• Related Company fraud
• Corruption and bribery
• Examples-Enron, Parmalat, B.I.C.C. Maxwell

Money Laundering
• Methods

 Corruption Prevention Strategies
• Detection
• Legal considerations
• Stock Falsification
• Offshore banking
• Falsifying Depreciation and Fixed Asset Values
• Effect on the economy
• Fraud through Debtor and creditor balances
• The application of Financial Reporting Standards
• Off-Balance Sheet Borrowing
• Secret Accounts
• Values placed in intangible assets
• Bank Fraud

Investigation – Management Strategies and Techniques
• How to investigate fraud
• The Role of Internal and External Auditors in combating fraud
The Company Audit Charter and the Audit Comm