Fraud Awareness and Prevention Online Training

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This Fraud Awareness and Prevention online training course raises awareness of fraud, explaining what fraud is, how an organisation can be affected and what can be done to help prevent it.

The course also looks at the importance of having good reporting and whistleblowing procedures in place.

Whether it is protecting an individual or the business as a whole, preventing fraudulent activity is vital for the ongoing success of any organisation. It’s important that everyone knows how to recognise the signs of fraud and understands the consequences of becoming involved in fraud.

This course is split into five sections.

1. What is fraud?

This section introduces you to fraud and explains exactly what fraud means including The Fraud Act, The Fraud Triangle and The Three Factors of the Fraud Triangle - Incentive, Opportunity and Rationalisation.

This section includes real life scenarios for you to decide if fraud has taken place to aid in your understanding the definition of fraud.

2. Detection

This section looks at typical warning signs that fraud may be being committed including behavioural signs, suspicious activity and procedural signs.

This section includes another real life scenario to see if you can spot any red flags that fraud may be being committed.

3. Prevention

Prevention means making sure there’s no opportunity for fraud to happen, or at least reducing that opportunity.

It’s good practice for organisations to have controls in place which make it very difficult for fraud to take place or to go undetected.

In this section the course looks at 5 common principles of internal control which are establishing responsibility, separating duties, restricting access, documenting everything and monitoring, checking and verifying.

This section includes another real life scenario of deciding which of the five measures listed above would prevent a fraudulent activity taking place.

4. External Fraud

In this section the course looks at external fraud which means how people outside your organisation may attempt to defraud your organisation or gain access to your data for use in fraudulent activity.

It includes looking at how IT systems can be compromised and what you need to do to stop this and the importance of checking people are who they say they are.

The section finishes with a real life scenario for you decide whether the employee makes the right decision with information received from a telephone call.

5. Reporting Fraud

In this section the course looks at the policies and procedures your organisation may have in place and explains what you should do if you think you’ve spotted some suspicious red flags.

Conclusion

On completion of this Fraud Awareness and Prevention online training course you will know what fraud is and what to look out for in your workplace. You will know that fraud can range from small seemingly insignificant breaches of trust, such as exaggerating expenses, right through to major fraud, causing serious financial scandal, leading to the collapse of a company.

You will also have seen how easy it can be for people to slip into fraudulent activity, where incentive, opportunity and rationalisation all come together and you will know that you are responsible for reporting any suspicious behaviour or red flags that you spot.

The course finishes with a test and on successful completion of this test a CPD accredited certificate will be available for download. 

Course Sections

1. What is Fraud?
2. Detecting Fraud
3. Preventing Fraud
4. External Fraud
5. Reporting Fraud

Discount available for multiple courses. Please contact us for details