The Fraud Detection in Auditing Training Course offered by the Imperial Corporate Training Institute is a professional financial audit training programme that will provide practitioners with an advanced level of knowledge and practical skills that will allow the practitioner to detect, assess, and mitigate fraud risk in their organisation. The nature of today’s business environment is complex, and with increased reliance on digital transactions, the development and distribution of a wide variety of financial instruments, and an increase in the number of globalised organisations; Fraud Detection in Auditing Training Course will provide practitioners with the necessary tools to understand the general concept of Fraud and Fraud Prevention, as well as help recognise Behavioural Red Flags, and utilise audit procedures to identify or address fraudulent activities at both an operational and strategic level.
The Fraud Detection in Auditing Training Course provides participants with International Standards for Auditing (ISA), Forensic Thinking, and Risk-Based Audit Methodology to allow participants to successfully incorporate Fraud Detection into audit planning and execution. Participants will learn how to incorporate Real-World examples, Fraud Schemes, Internal Control Weaknesses, and Analytical Tools to detect inconsistencies, identify trends or unusual patterns, and report findings after conducting the audit. By the end of the Fraud Detection in Auditing Training Course, participants will possess a solid understanding of the Fraud Prevention Framework and will be able to apply it within their auditor’s professional practice, and improve the credibility of audit results across all sectors.
Objectives
Attendees will be able to:
- To be knowledgeable about the fraud conception types related to audit work including how fraud risk factors and warnings can be discovered through audits.
- To improve the understanding of fraud risk factors and how they can be detected throughout audit engagements.
- To be able to apply the International Auditing Standards on fraud and auditor responsibility.
- To improve your professional judgement in evaluating suspicious transactions or behaviour.
- To incorporate fraud detection methods into the planning, execution and reporting of the audit work you perform.
- To evaluate and assess internal control systems to identify vulnerabilities that can be expected to facilitate the occurrence of fraud.
- To understand how to use audit analytics and data analytics to identify anomalies and inconsistent patterns or activity.
- To understand documentation, collection of evidence, and reporting for a fraud-related audit.
- To support and maintain ethical audit conduct and professional scepticism in persons engaged in audits.
- To enhance the collaboration between auditors, management and governing bodies regarding fraud.
Target Audience
- Internal auditors seeking to strengthen fraud detection capabilities
- External auditors involved in statutory and assurance audits
- Financial auditors working in public and private sector organisations
- Risk management and compliance professionals
- Finance managers and controllers responsible for internal controls
- Forensic accounting and investigation professionals
- Governance, ethics, and internal control specialists
- Banking and financial services professionals involved in audit functions
- Public sector auditors and inspectors
- Professionals preparing for advanced roles in financial auditing and assurance