Integrated Fraud Prevention Detection Investigation
Building a Proactive, Structured Defence Against Fraud
About this course
Fraud is a growing threat to the global economy, estimated to have cost $3 trillion in 2018 alone. Would you recognise if fraud were happening in your organisation right now? Do you know the major fraud risks your business faces, or have a defined fraud prevention strategy? If your organisation lacks a formal fraud prevention programme or automated detection techniques, you're far from alone — many organisations struggle to combat fraud effectively for want of a structured approach to prevention, detection, and investigation. Without a clear strategy, businesses remain exposed to financial loss, reputational damage, and legal consequences.
This Seya Capital Integrated Fraud Prevention, Detection, and Investigation Framework training course equips you with the knowledge and tools to tackle these challenges head-on. It provides insight into identifying fraud risk, implementing prevention strategies, and managing investigations when fraud is suspected, and helps you build a robust, proactive approach to fraud management using both traditional and automated detection techniques. Don't leave your organisation exposed — take the first step toward a comprehensive fraud prevention plan.
This Seya Capital training course will help you to:
- Evaluate the likely frequency and cost of fraud in your organisation
- Develop a world-class fraud prevention programme
- Assess fraud scenarios using real-world fraud cases
- Target key areas of fraud with proven detection techniques
- Significantly reduce opportunities for corruption
- Defining fraud, fraud statistics, and why it remains such a serious issue
- Key survey findings on fraud, including ACFE and other global fraud risk surveys
- The cost of fraud, who commits it, and the profile of a typical fraudster
- Trends in detected fraud, and why fraud is likely already occurring in your organisation
- Evaluating Fraud Risk and Building a Fraud Risk Management Programme
- The fraud risk management process and its core guiding principles
- Establishing a fraud risk management programme, assessing fraud risk exposure, and building prevention and detection techniques
- Establishing a reporting process and a coordinated approach to investigation and corrective action
Building a picture of major fraud risks, including supplier and outsourcing fraud, using fraud risk matrices, scenarios, registers, and questionnaires
Generic and specific risk factors, and designing controls to prevent fraud: physical and logical access, job descriptions, accounting reconciliations, and supervision
IT, Identity, and Procurement Fraud Risks
Computer fraud prevention, e-commerce fraud risks, and internet and intranet fraud exposure
Evaluating and strengthening IT security, enforcing information security standards, and segregation of duties
Identity fraud: the fastest-growing fraud risk, with examples and protective measures
The risk of corruption: causes, indicators, and red flags
Procurement fraud risk, including bid rigging and the issues to look for
Dates, venues & fees
| Dates | Venue | Format | Fee | |
|---|---|---|---|---|
| 19 – 23 Apr 2027 | Zanzibar, Tanzania | 5 days | US$ 2,100 | Register |
| 26 Apr – 7 May 2027 | Singapore | 2 weeks | US$ 6,660 | Register |
| 3 – 7 May 2027 | Singapore | 5 days | US$ 3,700 | Register |
Fees are per delegate and exclude travel and accommodation. Every course is also available as in-house training on dates that suit you.
By the end of the course
After completing this Seya Capital training course, you will be able to:
- Evaluate and challenge management's assessment of fraud risk
- Understand how a fraudster thinks
- Apply proven techniques to help prevent fraud
- Promote an effective fraud prevention process
- Adopt data mining as a fraud prevention and detection tool
- Apply an effective fraud investigation process
- Apply audit skills to fraud investigation
- Spot when someone is not telling you the truth
Designed for
This Seya Capital Integrated Fraud Prevention, Detection, and Investigation Framework training course is suitable for a wide range of professionals, and will greatly benefit:
- Newly appointed Fraud Specialists
- Managers needing a broader understanding of how to investigate all types of fraud
- Auditors who need to learn the most modern approaches to fraud prevention and investigation
- Members of fraud teams who need to learn more about targeting internal fraud
- Managers needing a broader understanding of how to prevent and detect fraud
Course outline
Day 1: Understanding Fraud Risk+
Day 2: Developing a Fraud Prevention Process+
- Fraud Mitigation and Vulnerable Areas
- Evaluating fraud risk mitigation and understanding why controls may fail to protect you
- Thinking like the fraudster and examining typical controls used to mitigate risk
- Identifying vulnerable areas, including procurement, tendering and bidding, and supplier and outsourcing fraud
- Fraud Indicators and Toolkits
- The top fraud indicators and how to spot the danger signals
- Developing a toolkit for identifying possible fraud, including a practical auditor's fraud toolkit
- Implementing a Best-Practice Fraud Prevention Process
- Introducing effective anti-fraud policies and creating a fraud consciousness loop
- Developing a fraud awareness training programme and communicating expected standards of behaviour and ethics
- Taking strong, consistent action when fraud is suspected, and protecting electronic data and assets
- Anti-money laundering issues and requirements
- The relationship between fraud, risk, and control, and the roles, responsibilities, and liabilities of auditors, management, and specialists
Day 3: Linking Fraud Prevention and Detection+
- Achieving a cost-effective balance between prevention and detection, and using management checklists
- Thinking like a fraudster in order to prevent fraud, and setting clear company policy on the consequences of committing fraud
- Facilitating whistleblowing, including whistleblowing policy and the pros and cons of external hotlines
- Using specialists to aid detection and investigation, and preparing fraud contingency plans
- Ensuring fraud investigation is always prioritised, and using successful investigations as a moral deterrent
- Managing external coverage of proven fraud, and the assurance role of internal audit regarding fraud
- Whether detection should be an internal audit role, and what internal audit can do to support detection
- Using Computer-Assisted Audit Techniques (CAATs) and tools such as ACL in fraud investigation, and applying Benford's Law
Day 4: Fraud Detection and Legal Issues+
- Data Mining and Automated Detection
- Data mining as a fraud detection tool, and fraud profiling to target the right systems
- Risk scoring and fraud risk prioritisation
- Using internal and external databases, and data validation techniques
- Automating fraud detection and applying these techniques within your organisation, including available audit software
- The Legal Aspects of Fraud
- The need to stay within the law and understanding the legal implications of fraud investigation
- When to involve lawyers, and how to protect your work through legal privilege
- Ensuring evidence is admissible, and understanding search and seizure orders
- Civil versus criminal action, and relevant anti-bribery legislation and its implications
- Guidance on gifts and hospitality, and how to recover stolen assets
- Handling disciplinary proceedings and understanding employer and employee rights
- What to do, and how to react, when fraud is first suspected
Day 5: Fraud Investigation+
- Managing the Investigation
- The need for thorough planning and determining the objectives of the investigation
- Deciding who should be involved, what skills are needed, and how to keep the investigation low-profile
- Understanding what information can lawfully be obtained, including forensic evidence and maintaining the chain of evidence
- Knowing when to suspend or dismiss employees
- Interviewing Suspects and Witnesses
- Setting the scene for interviews, and understanding your legal authority to conduct them
- The use of deception in interviews and how to avoid breaching employee rights
- Practical tips for planning and conducting fraud interviews, and how to tell if someone is lying
- Communicating the Results
- When and how to inform top management, regulators, or law enforcement
- Managing external coverage and engagement with the media and stakeholders
- Using successful fraud investigation as a moral deterrent, and rebuilding damaged relationships
How you will learn
This is a basic-to-intermediate level course, and delegates are not required to have any previous experience in fraud prevention or detection to attend. There are no minimum educational requirements, and no advance preparation is needed. The course is delivered group-live, with exercises and role-plays that simulate the audit scenarios and situations assurance professionals will encounter, and concludes with a short examination.
The return on learning
For your organisation
- The breadth and impact of fraud risk, especially on business reputation
- The range of fraud indicators
- Achieving a cost-effective balance between prevention and detection
- The legal implications
- The need for vigilance
- Developing an anti-fraud policy
For you
- Evaluating fraud risk
- Using interrogation techniques to detect fraud
- Developing an effective fraud mitigation programme
- Completing a successful fraud investigation
- Delivering fraud awareness sessions to management
Seya Capital certificate
Upon successful completion of this classroom-based training course, delegates will be awarded a Seya Capital Certificate.
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Training designed around your organisation
Every course can be delivered privately for your institution, at your premises or a venue of your choice, with case studies and content adapted to your sector and regulatory environment.