This course explores the critical role of fraud prevention and detection in business success, with emphasis on IT-based controls and ISA 240 compliance. Participants will gain practical strategies to identify, assess, and respond to fraud risks, ensuring robust internal controls, ethical culture, and appropriate reporting across all organisational levels.
Participants will learn how fraud manifests in modern workplaces, especially where digital systems are integral. The course delves into recognizing red flags, understanding the fraud risk triangle, and assessing internal vulnerabilities, especially in IT environments. It emphasizes ISO/IEC-aligned controls, ISA 240 responsibilities, and effective responses to fraud—ensuring swift containment and thorough reporting internally and externally.
Key Topics Covered:
• Defining and identifying types of fraud
• Understanding ISA 240 responsibilities for auditors and management
• IT-specific fraud risks and vulnerabilities
• The Fraud Risk Triangle and its modern relevance
• Assessing fraud risk factors using data analytics and IT systems
• Designing and implementing preventative controls
• Reporting frameworks, including internal and external whistleblower protocols.
• Internal and external auditors
• IT managers
• Finance professionals
• Compliance officers
• Any employees involved in governance, risk management, or operations. • Staff in fraud-sensitive environments seeking to understand their role in identifying and responding to fraud.
