Fraud Risks are the most significant risks and most damaging risks that companies and institutions are exposed to. Periodically, the latest major fraud hits the headlines as other organisations sit back and watch, telling themselves that ‘it couldn’t happen here.’ But the reality is that fraud can happen anywhere. While only relatively few major frauds are picked up by the media, huge sums are lost by all kinds of businesses as a result of the high number of smaller frauds that are committed.

Fraud Risk Management is one of the most prominent components that linked with Enterprise-Wide Risk Management (ERM), therefore, all big consulting firms in the world like Mckinsey, BCG, Bain, PwC consulting, KPMG consulting, Deloitte consulting, EY consulting are providing Fraud risk advisory services to companies around the world.

Despite the serious risk that fraud presents to business, many organisations still do not have formal systems and procedures in place to prevent, detect and respond to fraud. While no system is completely foolproof, there are steps which can be taken to deter fraud and make it much less attractive to commit. It is in assisting organisations in taking such steps that this course should prove valuable.

BY ATTENDING THIS COURSE, you would:

- Learn about the definition of fraud, Common types of fraud and understand deeply about the fraud triangle as well the type of persons who can commit to fraud

- Learn about modern risk management cycle in business world that can help you in identifying risks, assessing their impact, and prioritising actions to control and reduce risks, not just for fraud risks but all type of risks in general.

- Learn about modern fraud prevention strategies and techniques to combat fraud within your organization

- Learn about modern fraud detection strategies and techniques as well as red flags, warning signs to detect fraud within your organization

- Learn about the outline fraud response plan, where they have not already been covered in elsewhere, those includes corporate policies, roles and responsibilities of related parties within your organization.

This course has no prerequisite, except your patience and willing to learn and apply new anti-techniques in business world.