Overview : Fraud detection and prevention depends on numerous factors- none more significant than employee tips. However, tips only are reported if employees know what to look for. To optimize your organization’s employee fraud tip reporting, it is therefore essential to have a robust awareness training program in place. |
Such a program must be carefully designed and executed. This webinar will provide detailed guidelines on how to put together a fraud awareness training team, how to design your training program, who should be trained and through which format (classroom, online, Webinar, etc).
Learn how to ensure that employees are understanding and remembering the material in your training program and how to maintain CONTINUOUS fraud awareness on the part of everyone in the organization.
Why should you attend: The Association of Certified Fraud Examiners reports that 43% of frauds that are detected are detected via an employee tip. That tells us that with a workforce trained in how to identify the red flags of actual or potential fraud, your organization is way ahead of the competition in terms of staying a step ahead of the fraudsters. A confidential tip hotline is one of the best ways to gather such tips. But it is not the only way. This webinar will provide a thorough overview of best practices in training employees to recognize fraudulent conduct and how to report it-without fear of retaliation.
Participants will be able to: Understand the many types of travel, entertainment and internal procurement frauds Implement effective expense reimbursement fraud detection techniques and build audit practices to detect red flags of these crimes Implement best-practice Anti-Fraud Control strategies for expense reimbursement fraud
Areas Covered in the Session:
Introduction Statistical overview of the fraud problem generally, and employee fraud specifically Who commits employee fraud Overview of most common fraud awareness training options
Fraud Awareness Training Implementation Why implement employee fraud awareness training Who should be trained Who should conduct the training How to train When and how often to train Demo of online fraud awareness training How to measure effectiveness of your training
Who Will Benefit: Security Management and Staff Accounting and Audit Practitioners CFO’s and Senior Finance Staff Internal and External Audit Professionals Compliance and Ethics Managers Legal Counsel/Staff HR and Training Personnel Investigative Professionals
Peter Goldmann is founder and President of White-Collar Crime 101 LLC, the parent company of FraudAware and publisher of the monthly newsletter, White-Collar Crime Fighter. Peter has been the Publisher and Editor of White-Collar Crime Fighter for over 12 years and is recognized as a leading expert in the areas of fraud detection, prevention, investigation and training. He has written numerous articles on practical approaches to fraud prevention and detection for, among others, Internal Auditor, Investor's Business Daily, Financial Executives Institute and Bottom Line/Personal, Recognizing the vulnerability to fraud posed by a lack of awareness on the part of rank-and-file employees about specific types of economic crime , Peter launched the development of FraudAware in 2001. Following enactment of the Sarbanes-Oxley Act of 2002, FraudAware began helping companies resolve the unexpected increase in fraud losses, despite the costly implementation of SOX- mandated internal controls. He determined that while internal controls, Tone at the Top and whistleblower hotlines are all essential components of an effective anti-fraud program, the primary reason for continuing losses to internal and external economic criminals was a widespread lack of fraud awareness on the part of corporate rank-and-file employees. He theorized that if an organization's most valuable asset--its workforce--could be taught to spot and report telltale signs of fraud, investigations could be initiated and perpetrators apprehended before major losses were incurred and negative publicity tarnished the organization's reputation. The theory has proved viable over the past six years, as FraudAware training programs implemented at numerous companies in all major industries, have taught employees how to detect the common and not-so-common red flags of fraud and--most importantly--how to report these incidents through their employer's confidential hotline channels.
In addition to directing the ongoing development and refinement of FraudAware, Peter continues to publish White-Collar Crime Fighter and to speak at events sponsored by the Association of Certified Fraud Examiners, The International Association of Financial Crime Investigators, National White-Collar Crime Center and numerous industry trade associations. He also is a member of the Editorial Advisory Board of the Association of Certified Fraud Examiners. Peter, a Certified Fraud Examiner, holds a Bachelors Degree in Political Science from the University of Michigan and a Master of Economics from the London School of Economics. He is an active member of the Association of Certified Fraud Examiners, The Institute of Internal Auditors, The High-Tech Crime Investigation Association, InfraGuard and the Information Systems Security Association.
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