Fraud Foundations

This DIXONTECH course introduces participants to the fundamentals of fraud awareness, detection, and prevention within organizational settings. It provides essential knowledge about fraud risks, behavioral red flags, and internal control mechanisms. Participants will gain practical insights into fraud typologies, risk assessment frameworks, and reporting standards, preparing them to identify and mitigate fraudulent activity effectively across financial and operational processes.

TRAINING TOPICS

• Understanding Fraud and Its Impact on Organizations
• Fraud Risk Indicators and Red Flags
• Fraud Prevention Frameworks and Internal Controls
• Fraud Detection Tools and Techniques
• Investigating and Reporting Fraudulent Activities

By the end of this training course, delegates will be able to:

• Identify common fraud schemes and risk indicators
• Understand the principles of fraud prevention and control
• Implement internal controls to reduce exposure to fraud
• Recognize behavioral and operational red flags
• Support investigations and ensure accurate reporting
• Enhance ethical awareness and compliance culture
• Strengthen accountability within business units

TRAINING IS TAILORED TO:

• Entry-level auditors and compliance officers
• Accountants and finance professionals
• Risk and internal control officers
• HR and administrative supervisors
• Operational and procurement staff
• Junior investigators and analysts
• Professionals seeking a foundation in fraud awareness

TRAINING METHODOLOGY

The course blends instructor-led presentations, case discussions, and interactive group exercises. Participants will analyze real-world examples of organizational fraud, assess risk exposure scenarios, and design preventive measures aligned with professional best practices and ethical standards.

DAY 1

INTRODUCTION TO FRAUD AND CORPORATE ETHICS

• Definition and types of fraud
• The impact of fraud on organizations and economies
• Key principles of ethics and integrity
• Fraud triangle: motivation, opportunity, and rationalization
• Corporate culture and ethical leadership
• Common myths and misconceptions about fraud
• Case discussion: understanding real-world fraud cases

DAY 2

FRAUD RISK INDICATORS AND RED FLAGS

• Recognizing early signs of potential fraud
• Behavioral red flags in employees and management
• Financial and operational red flags in transactions
• Fraud risk mapping and exposure analysis
• Linking red flags to audit and control systems
• Using data trends to identify anomalies
• Case study: analyzing suspicious transactions

DAY 3

INTERNAL CONTROLS AND FRAUD PREVENTION FRAMEWORKS

• Components of internal control systems (COSO framework)
• Segregation of duties and approval hierarchies
• Role of documentation and record-keeping in prevention
• Fraud risk management process and control design
• Internal audit’s role in proactive fraud prevention
• Policies and codes of conduct for fraud control
• Group exercise: building a prevention checklist

DAY 4

FRAUD DETECTION TOOLS AND TECHNIQUES

• Introduction to fraud detection techniques
• Transaction monitoring and analytical review procedures
• Data analytics and trend analysis for fraud detection
• Whistleblowing mechanisms and reporting channels
• Leveraging technology in fraud detection (Excel/BI tools)
• Coordination between internal audit and compliance
• Case study: uncovering a fraud through analytical review

DAY 5

FRAUD INVESTIGATION AND REPORTING ESSENTIALS

• The investigation process: from suspicion to conclusion
• Evidence collection and documentation best practices
• Legal and ethical considerations in investigations
• Communicating findings and recommendations
• Managing confidentiality and whistleblower protection
• Preventive action and continuous improvement strategies
• Capstone project: developing a fraud response protocol