OVERVIEW
Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.
WHY SHOULD YOU ATTEND?
Organizations of all kinds and sizes are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threatening organizations.
This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.
AREA COVERED
Statistical overview of the fraud problem
Who commits fraud
Why employees commit fraud (the fraud triangle)
Lessons from fraudsters
Common types of internal fraud today
Red Flags of Fraud
Conducting a fraud risk assessment and recognizing the red flags of internal fraud
The fraud risk mitigation cycle
Implementing an organization-wide system for detecting, preventing and investigating fraud
Fraud detection
How frauds are most often detected
Additional general detection methods
Data mining/analytics for fraud detection
Examples of fraud audit techniques at work
Internal controls and other fraud prevention measures
Who should manage anti-fraud activities
Best practices in anti-fraud controls
General controls: Segregation of duties, delegation of authority, background investigation
Major fraud categories
LEARNING OBJECTIVES
Understand the fraud problem
Why employees commit fraud
Essential fraud detection tools and techniques
Best practices for developing and implementing anti-fraud controls
Identify the red flags of fraud
WHO WILL BENEFIT?
Internal and external audit professionals
Internal control professionals
Finance and accounting management
Compliance and ethics professionals
Loss prevention and risk specialists
Security professionals
Fraud examiners
SPEAKER PROFILE
Jim George is an independent consultant to banks focusing on issues of fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry.
Jim's work has included projects in fraud investigation, fraud prevention, identity issues, compliance and AML (anti-money laundering). His background includes work in bank operations and payments strategy, reengineering, systems and quality improvement.
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