Core business functions offer abundant opportunities for undetected fraud. In this eye-opening, three-day seminar you will pinpoint the areas most prone to internal fraud and identify key indicators of potential crime. You will focus on the expenditure, revenue/cash receipts, treasury, contract, inventory, travel expense, contract, payroll and HR, computer, marketing, and outsourced functions as targets for fraud...and high-payback audits.

You will cover the methodologies used by those who would do you harm and focus on the red flags that signal the need for an investigation. You will learn how to implement and develop audit procedures that will increase the likelihood of discovering fraud. Throughout this seminar, case studies will illustrate and enhance what you learn.

How and Why Fraud Is Committed

• - what constitutes fraud
• - how motive, opportunity and benefit impact fraud detection
• - fraud theory
• - cost of fraud
• - traits of the fraudster
• - how frauds are committed and concealed
• - indicators of fraud
• - the fraud scheme approach

Tools and Techniques for Auditing and Investigating Fraud

• - document alteration techniques
• - using circumstantial evidence
• - gathering evidence on PCs
• - legal system fundamentals
• - using outside experts

Fraud in the Expenditure Cycle

• - fraud schemes in the purchasing cycle and red flags to look for
• - how bid rigging occurs
• - identifying conflicts of interest
• - indicators of fictitious disbursements
• - fraud schemes occurring in accounts payable area
• - internal controls designed to prevent frauds

AUDIT PLANNING METHODS

• Principles governing an audit; objectivity, independence, confidentiality etc.    
• Assessment of existing controls and inherent risks; Preparation of the audit program; Audit working papers; audit manuals program documents etc
• Adequate staffing for the audit functions; The audit supervision train

• Definition of internal control system; Internal control system and procedures; System documentation process
• System review methods; to detect loop holes in the internal control process and to plug identified loopholes, System upgrade; to cover anticipated areas of deficiencies; Emerging trends and challenges

• Types of audit reports
• Qualities of a good report: relevance, complete, reliable, timely, precise, simple, accurate, consistent, unbiased, good language, appropriately channeled, etc
• Getting fact into logical sequence and writing persuasively
• Structure and layout of audit report
• Witch- hunting, favoritism, sensationalism, and professionalism in audit reporting; Management action and follow up reports

• Who Should Attend

  Financial, Operational, IS, and External Auditors; Audit Managers; Corporate Attorneys; and Information Security professionals. Accountants

FACILITATORS TO THE WORKSHOP: 

WORKSHOP VENUE:           
Excellence Hotel Ogba Ikeja-Lagos.

DATE: June 18-20, Aug 20-22 & 20-22 Oct
                       
FEES: The workshop fee is N125,000.00 (One Hundred & twenty Five Thousand Naira) only, per participant to cover workshop literature and materials, Executive Bag, Tea/Coffee, Lunch, Photographs, Certificates. Payment may be in cash or Bank draft. Payment may be made before the workshop date or at the venue of the workshop.

DISCOUNTS:
3-5 Participants   5%
Above 5-participants    10%

MODE OF PAYMENTS:
Payments in cash or bank draft should be made to  “Francis Consulting “ and sent to:       

The Managing Director,
Francis Consulting
Suit T02;Second Floor Alade Shopping Mall Ikeja-Lagos,
P.O BOX 102 Oshopey Plaza Post Office Allen Ikeja.
Tel: 01-7943921; 08075486693; 07090058765

For In-house training arrangements, please call Francis –08035062583