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Studies show that fraud is a major factor responsible for business failures in the modern economy. Fraud is a $988 billion global industry. In 2000, fraud contributed 30 percent to business collapse in developing countries. In the developed economy, credit card fraud costs the industry about a billion dollars a year. More losses from cyberspace fraud are likely to increase as more businesses are conducted online. If undetected and not prevented at the early stage, fraud can cause a business failure through bad checks, online fraud, financial malpractices, dishonest staff, weak supervision of staff, poor internal control system, and weak corporate governance. More companies and public institutions have begun to maintain proper internal controls and preventive measures to guard themselves against fraudulent activities by their employees and customers. This course will walk participants through the techniques to arm themselves with strategies and tactics to prevent their organizations from becoming the victims.

Course Learning Objectives:
This short course aims to enhance the skills of the financial officials to detect and prevent fraud in their organizations.

Course Content
The “Fraud Detection and Prevention in Private and Public Institutions” course has some of the following key areas of learning:

  • Types of fraud
  • Elements of fraud
  • Consequences of fraud
  • Causes of fraud
  • The importance of detecting and preventing fraud in financial management
  • The anatomy of a fraud: opportunity, motive, and rationalization
  • The latest trends and issues in public and corporate fraud
  • Latest and resourceful scams prevention techniques currently in practice
  • The latest techniques in the detection, prevention, and investigation of fraud
  • Fraud investigation techniques including evidence collection, interviewing, report preparation, and prosecution
  • How to guard against fraud and reduce the risk of fraud
  • Relevant case studies discussions
  • Recognizing forged documents
  • Effective way to conduct investigations
  • Professional conducts and ethics
  • Inconsistencies and other fraud indicators
  • Reading nonverbal messages
  • Case studies of fraud detection and prevention
  • Problem-solving exercises
  • Computer training with a brand new laptop computer to take home
  • Site visits

Learning Outcome:
At the end of the course, participants should be able to recognize and understand the serious problems of fraud in private and public businesses. They will be able to arm themselves with strategies and tactics to prevent fraud from their institutions.

Learning Methodology:
The course is delivered in a workshop setting facilitated by seasoned professional facilitators with practical experience. Active participation is required and key to the success of the workshops. Other methods used in this course include case studies and problem-solving exercises. Assessment of participant’s performance will be measured through effective class participation, group presentation, group projects, and class attendance. This course combines presentations, lectures, class discussions, group presentation, and problem-solving exercises.

Who should attend?
Managers, business lawyers and legal advisers, business owners, administrators, personnel officers, audit department directors, internal audit managers, accountants and controllers, human resources professionals, private investigators, corporate executives, officials of economic and financial crime prevention agencies, key political figures, key legislators, Ministry of Finance managers, Central Bank managers, commercial bank officials, judges, law enforcement officials, insurance company managers, notaries, property estate managers, stock exchange managers, and other personnel as deemed appropriate by management.

Course Duration:
2 weeks
Training Locations and Scheduled Dates
New York, USA: Jun 6-17; Aug 15-26; Nov 30-Dec 12;
Washington, DC, USA: Feb 1-12; May 9-20; Jul 4-15; Oct 6-17; Oct 3-14;
Phoenix, Arizona, USA: Feb 15-26;
London, United Kingdom: Jul 4-15;
Toronto, Canada: Apr 11-22; Aug 15-26;
Lagos, Nigeria;

Course Materials
Course materials include PowerPoint presentation slides, carefully selected reading materials, exercises, case studies, reading references, and a laptop computer.

Course Fees
The course fee is $5,800 for 2 weeks. The course fee covers the following: instruction, course materials, one brand new laptop computer to take home, administration expenses, field trips, cultural programs and miscellaneous program-related expenses.

How to Register
To participate in this course, the applicant must:

  1. Send a completed application form
  2. Have a bachelor’s degree/or have relevant work experience at senior management level
  3. Be nominated by the head of the department
  4. Be a senior member of the organization
  5. Demonstrate a devoted interest in the course
  6. Have a proof of English proficiency
  7. Demonstrate proof of financial sponsorship for the course

Hetta International Development Center

295 Madison Avenue, 12th Floor

New York, NY 10017

Ph. 212 379 8348

E-mail: hetta2002@hettaseminars.com


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