EFFECTIVE ANTI-FRAUD TRAINING PROGRAM
“Detecting, Preventing, and Responding to Fraud with Practical Strategies and Controls”
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 28 – 30 Jan 2025 | Kuala Lumpur, Malaysia | USD 2495 per delegate |
| 24 – 26 Feb 2025 | Kuala Lumpur, Malaysia | USD 2495 per delegate |
Course Introduction
Fraud is a persistent and evolving threat to organizations, eroding trust, damaging reputations, and causing significant financial losses. An effective anti-fraud program requires not only strong controls, but also a trained and vigilant workforce capable of identifying red flags, reporting suspicious activity, and fostering an ethical culture.
This intensive three-day course is designed to equip professionals with the tools to detect, prevent, and respond to fraud across departments and functions. Participants will explore the latest fraud trends, examine fraud schemes and case studies, and develop practical anti-fraud strategies tailored to their operational environments.
Course Objectives
By the end of this course, participants will be able to:
- Identify common fraud schemes and their warning signs.
- Implement internal controls to detect and prevent fraud.
- Conduct fraud risk assessments and build fraud response plans.
- Strengthen fraud reporting, whistleblower, and investigation mechanisms.
- Align anti-fraud efforts with ethics, compliance, and corporate governance.
Key Benefits of Attending
- Learn how to spot and stop fraud before it causes major damage.
- Build practical defenses that go beyond theory and policy.
- Improve audit, compliance, and operational readiness.
- Raise organizational awareness and foster a no-tolerance culture.
- Collaborate with colleagues to reduce fraud risk enterprise-wide.
Intended Audience
This program is designed for:
- Internal auditors, compliance officers, and fraud examiners
- Finance, procurement, and operations managers
- Risk management and governance professionals
- Legal, HR, and ethics officers
- Any staff responsible for monitoring or reporting suspicious activity
Individual Benefits
Key competencies that will be developed include:
- Fraud scheme identification and red flag detection
- Fraud risk assessment and process mapping
- Internal control enhancement for fraud prevention
- Whistleblower system management
- Incident response and investigative coordination
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Increased fraud awareness across departments
- Reduced likelihood and impact of internal and external fraud
- Stronger ethical behavior and accountability culture
- Enhanced fraud detection and investigation response
- Compliance with regulatory expectations and audit requirements
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
- Fraud Briefings – Schemes, trends, and typologies
- Case Studies – Corporate fraud incidents and lessons learned
- Risk Tools – Assessment matrices, red flag checklists, control maps
- Workshops – Fraud scenario response, controls testing
- Templates – Fraud reports, ethics statements, escalation protocols
Course Outline
Detailed 3-Day Course Outline
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Understanding Fraud and Assessing Risk
Module 1: What is Fraud? (07:30 – 09:30)
- Definitions, categories, and fraud triangle theory
- Occupational vs. third-party fraud
- The cost and impact of fraud globally
Module 2: Common Fraud Schemes and Red Flags (09:45 – 11:15)
- Procurement, payroll, travel, financial statement fraud
- Collusion, kickbacks, and falsified reporting
- Fraud indicators and behavioral cues
Module 3: Fraud Risk Assessment (11:30 – 01:00)
- Mapping risk to processes and controls
- Identifying fraud vulnerabilities
- Control environment vs. control activities
Module 4: Workshop – Mapping Fraud Risks in Your Function (02:00 – 03:30)
- Team activity to apply fraud risk assessment tools
Day 2: Controls, Monitoring, and Response Planning
Module 5: Anti-Fraud Internal Controls (07:30 – 09:30)
- Segregation of duties, reconciliations, approvals
- Transaction monitoring and system alerts
- Designing fraud-resistant workflows
Module 6: Whistleblower Systems and Ethics Programs (09:45 – 11:15)
- Confidential reporting, retaliation protection, and ethics hotlines
- Promoting a speak-up culture
- Governance of ethics and compliance committees
Module 7: Investigating and Responding to Fraud (11:30 – 01:00)
- Investigation process, roles, and legal considerations
- Evidence handling and interviewing techniques
- Reporting findings and follow-up actions
Module 8: Group Simulation – Internal Fraud Case Response (02:00 – 03:30)
- Participants respond to a fraud scenario and prepare an internal report
Day 3: Strategy, Integration & Enterprise Application
Module 9: Developing an Enterprise Anti-Fraud Strategy (07:30 – 09:30)
- Enterprise-wide framework and ownership
- Coordination between functions and departments
- Building leadership support and reporting lines
Module 10: Aligning with Compliance and Audit Functions (09:45 – 11:15)
- Coordination with internal audit and risk management
- Compliance monitoring and reporting synergies
- Policy updates and employee education
Module 11: Measuring Program Effectiveness (11:30 – 01:00)
- KPIs and metrics for fraud program performance
- Using audit results, incident trends, and hotline data
- Continuous improvement of fraud prevention efforts
Module 12: Final Workshop – Anti-Fraud Action Plan (02:00 – 03:30)
- Participants develop and present a department-specific fraud prevention plan
Certification
Participants who complete the program will receive a Certificate of Completion in Effective Anti-Fraud Training, recognizing their ability to identify, assess, and manage fraud risks within their organization using practical and strategic approaches.