Fraud Control & the COSO 2013 Framework
KL - Malaysia
Workshop dates : TBA
Fraud Control & The COSO 2013 Internal Control integrated Framework - Course Overview:
(This Workshop Consists of Two Parts)
Part 1: Fraud Control: Preventing & Detecting Fraud (Day 1 - Day 2):
Reports from the Association of Certified Fraud Examiners, major public accounting firms, the International Monetary Fund (IMF), Transparency International (TI) and others indicate that fraud and corruption are major global problems.
While internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization, all employees should be familiar with fraud risks and how they can support the implementation of effective controls and antifraud programs. Fraud goes beyond the misstatement of financial reports; it also includes the misappropriation of assets and gaining personal gain by harming the organization or others.
The expectations regarding fraud awareness are increasing and employees should be familiar with revenue, expenditure, inventory, cash, accounts receivable, journal entries, management override and vendor fraud schemes, among others.
Course participants will learn the fundamentals of fraud, identify troublesome conditions and be able to incorporate that knowledge into their process design, risk assessments and control activities.
Part 2: The COSO 2013 Internal Control integrated Framework (Day 3 - Day 4):
COSO’s 2013 Internal Control - Integrated Framework (IC-IF) is a useful tool to improve an organization’s internal control infrastructure while increasing the likelihood of achieving organizational objectives. In this interactive two-day program, you will learn how this principles-based approach can be deployed successfully in your organization. Participants will examine the implications for business leaders, process owners, managers, and both internal and external auditors.
Participants will review the differences between the 1992, the 2004 and the updated 2013 model, the implications on the system of internal controls, and acquire the tools necessary to effectively design, implement, and evaluate your organization’s system of internal controls. More than that, however, you will also learn how to look beyond internal controls and use the framework as a management tool to increase efficiency and effectiveness; enhance corporate governance and anti-fraud programs; improve risk management processes; and better manage your external business relationships.
Course participants will acquire the necessary skills to perform an assessment of their organizations, and learn how to apply the seventeen principles and their related points of focus.
Who Should Attend:
- Company Chairman & Directors.
- Business Directors.
- Department heads.
- Internal and external auditors.
- Compliance officers/Process Improvement specialists.
- Government regulators/Strategic planners/Corporate Governance personnel.
- Risk Managers.
- HR Directors/Legal Counsels & Advisors.
- Fraud analysts
For further information pls. contact:
360BSI Group(INDIA Office)
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