Fraud Awareness for Managers
Instructor: Courtenay M. Thompson Jr.
About Our Fraud Training for Managers
Management, not auditors form the first line of defense in the battle against dishonest and fraudulent activity. Executives, operating and financial managers need to know fraud schemes that might occur in their areas, and how to prevent or detect them. We have presented fraud training for managers in government and industries including airline, energy, healthcare, food, insurance, banking, pharmaceutical, and utility.
Fraud Awareness for Managers
There may be no greater challenges for executives today than those presented by fraud. The media is filled with stories about managers blindsided by trusted employees or predatory outsiders. Managers must protect the organization not only from losses such as embezzlement, computer crime and contractor fraud, but also from fraud for the organization such as fraudulent financial reporting, antitrust violations, bribery and sales misrepresentation. If the fraud losses are not enough of a problem, mishandling of cases can be more costly than the fraud itself. In our fast-changing environment, trained managers are needed to protect their organizations from fraud-related losses.
This one-day course, tailored to address an organization's specific fraud-related challenges, is designed to raise awareness and change beliefs about responsibilities and expectations. Lecture and exercises combine with specific examples and proven techniques to provide practical approaches for this challenging area.
Topics covered include:
- The challenge fraud presents
- Understanding who really steals
- Addressing fraud implications of our changing environment
- Fraud policy and executive direction
- Increasing management effectiveness in detecting fraud
- A Manager's Five Step Approach to Fraud Detection
- Case examples of what can go wrong
- Fraud exposure analysis for managers
- Symptoms of fraud
- Understanding Red Flags of Fraud
- Fraud in the computerized business environment
- A four step approach to fraud prevention
- Why managers don't detect fraud
- Why internal controls break down
- Accountability for detection
- Defining and communicating fraud-related expectations for managers