Advanced Fraud and Anti-Corruption, Data Privacy and Whistleblowing, Ethics Auditing

Delving into the current highly demanding regulatory framework, genuine grasp of the challenges with Advanced Fraud and Anti-Corruption, Data Privacy and Whistleblowing, and Ethics Auditing becomes a necessary condition for the banks, the public, and private sector organisations to have credible and sustainable growth. The primary goal of the course lies in providing business professionals with the state-of-the-art methods to deal adherently with the issues under consideration.

References will be made to specific standards such as but not limited to: IIA, ISACA, SOX, ISO27001/2, GDPR, ISO37001, Dodd-Frank, CCPA, HIPAA, ENISA, COSO, ISO42001, Poisson, various banking circulars etc… 

The training programme is designed to provide participants with a thorough understanding of fraud and anti-corruption auditing principles and practices. The course will equip participants with the skills to effectively conduct fraud risk assessments using sophisticated methodologies and mathematical formulas, develop robust fraud risk-based audit plans, and execute detailed fraud audits.

Participants will also learn to identify and assess significant fraud and corruption risks and offer actionable recommendations to enhance fraud prevention and detection mechanisms within their organisations. The methodology of this training programme incorporates a blended learning approach to maximise engagement and effectiveness, including:

• Interactive Lectures: Detailed sessions on the latest standards and practices in fraud auditing.

• Case Studies: Real-world scenarios that highlight practical applications of theoretical knowledge.

• Group Discussions and Activities: Collaborative exercises to foster a deeper understanding of course material.

• Practical Exercises: Hands-on tasks to practice audit techniques and procedures.

• Q&A Sessions: Opportunities to clarify doubts and expand on complex topics.

• Continuous Learning Support: Resources and guidance to support ongoing professional development.

Introduction to Fraud and Anti-Corruption Auditing

Learning Outcomes:

• Understand the principles and concepts of fraud and anti-corruption auditing (IIA, Basel, ACFE).

• Gain an overview of the key components of a fraud and anti-corruption audit approach (ISO 37001, IIA).

Description:

• Introduction to fraud and anti-corruption auditing and their importance in mitigating organisational risk.

• Overview of the fraud and anti-corruption audit process, including initial risk assessment and audit planning.

• Integration of fraud and anti-corruption audit approaches with the internal audit function.

Fraud Risk Assessment Methodologies and Audit Planning

Learning Outcomes:

• Gain proficiency in fraud risk assessment methodologies and mathematical formulas.

• Develop skills to develop robust fraud risk-based audit plans (COSO, IIA).

Description:

• Overview of different fraud risk assessment methodologies (quantitative, qualitative, predictive analytics, IIA).

• Understanding and application of mathematical formulas for quantifying fraud audit risk.

• Components of a fraud risk-based audit plan: scoping, objectives, audit procedures, and resource allocation.

• Case studies: Applying methodologies and planning techniques to various audit scenarios, completing the day with preparations for the next day's extensive topics.

Audit of Data Privacy, Cyber Risk Compliance, Ethics, and Whistleblowing Lines

Learning Outcomes:

• Understand and apply auditing techniques for data privacy and cyber risk compliance (ISO 27001, NIST, ENISA).

• Gain insights into ethical considerations and the effectiveness of whistleblowing mechanisms (ECI, ISO 37001, Poison law, SOX, Dodd-Frank, etc.).

Description:

• Introduction to frameworks and regulations governing data privacy and cyber risks (e.g., GDPR, HIPAA, CCPA).

• Detailed exploration of methods for auditing cyber risk compliance and data protection practices based on ISO standards, NIST, ENISA, etc.).

• Evaluating ethical practices and assessing the operational effectiveness of whistleblowing lines (SOX, Dodd-Frank, Poison law, etc.).

• Deep dive into case studies: Performing audits in these areas, addressing compliance and ethical challenges.

• This session will continue into the first half of the next day to allow thorough coverage and practical exercises.

• Further case studies and group activities related to ethics, data privacy, and whistleblowing.

• Interactive discussion and review of real-world scenarios and audit findings.

Fraud and Anti-Corruption Audit Execution and Reporting

Learning Outcomes:

• Execute fraud and anti-corruption audits effectively.

• Identify and assess key fraud risks and corruption indicators.

• Provide value-added recommendations based on audit findings and communicate them to stakeholders.

Description:

• Conducting fieldwork based on the fraud risk-based audit plan (ACFE, ISO 37001).

• Fraud-focused audit testing techniques and forensic procedures.

• Evaluating control design and effectiveness to prevent and detect fraud.

• Analysing and interpreting fraud audit findings in the context of identified risks and corruption indicators.

• Case studies: Performing fraud and anti-corruption audit procedures and documenting findings.

This training programme is designed for professionals involved in auditing, risk management, compliance, forensic accounting, and anti-fraud functions. The ideal participants may include: Internal auditors, Forensic auditors, Risk managers, Compliance officers, Fraud examiners, Internal control professionals, Legal and compliance professionals.

No exam is available for this course.