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Global Markets & Time Zones
CPEs: 24
Instructor: Dennis Cox
Level: Intermediate
Tuition: £3,495.00
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NEW Auditing Fraud & Fraud Risk in Banks IA090

Location: Global Markets & Time Zones

Duration: 3 days

Programme Director: Dennis Cox FCSI FRISM FCA AIIA Author, The International Handbook of Money Laundering Deterrence

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2023 Live, on-site and live Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in house, certify your audit team or train 1:1? Simply contact us for significant cost savings and dates to best suit your specific requirements.

"The instructor is very knowledgable and gave out real cases which helped to better understand fraud."
Bank Internal Auditor, Citibank, Taiwan
Agenda Highlights

Session 1:  Fraud and the Role of Internal Audit

Session 2:  Auditing the Fraud Framework and Assessment

Session 3: Auditing Fraud detection

Session 4:  Data Analytics

Session 5:  Auditing Areas of Higher Risk of Fraud

Session 6:  Cybercrime

Session 7:   Problem Issues

Session 8:  The Future of Audit & Fraud



"Excellent. Very comprehensive and provided abundant financial crime prevention knowledge. Every topic is providing us with great value."
Bank Internal Auditor, HSBC, Hong Kong

Fraud is ever-present within banking and finance, ranging from complex internal techniques to highly manipulative techniques known as “social engineering” to trick the customer into parting with their cash or sharing confidential information.

Customer cards, banking or  personal  identity details have been obtained and used fraudulently and often customers simply have no idea how the fraudster got so many of their personal details.

With fraud and cybercrime now  among the most common crimes committed against firms, banks and financial institutions need to take a much more proactive approach in managing the constantly evolving nature of these threats.

Internal audit needs to enhance their audit approach to respond to the changing environment and to provide even greater assurance to executive management.

During this expert-led course delegates will consider the implementation of the fraud deterrence framework within a bank or financial institution and the audit work that needs to be conducted to reassure that it is being undertaken effectively and efficiently.

"I never imagined the great impact of the implementation of this topic in my department."
Audit Manager, Banco Nacional Ultramarino, Macau
Who Should Attend

This course is specifically designed for bank and financial institutions internal auditors , although recent delegates have attended from financial risk management, middle- and back office operations, IT, Legal, HR and software vendors.

Delegates completing this course will received a Certificate of Attendance for CPE/CPD credits, and for those who require a demonstration of competency a 20-question/multiple-choice answer assessment with remote invigilation, results report and 1 resit is available at no additional fee when requested at time of booking.


Additional Course Information

What Does It Cover?

Key areas of high risk for fraud within banking, the role of the IIA and fraud, how should you work out how susceptible a business unit is to fraud risk, developing and analysing fraud scenarios, how will the business use data mining, systems and solutions, prevention or detection, predictive analytics, periodic or continuous monitoring, analytics techniques, decision trees, how fraud is concealed in data fraud and the cards industry, in bank lending, the role of the relationship manager, auditing fraud in customer applications, fraud in bank treasury, roles, control s and responsibilities, auditing fraud in bank treasury, fraud and third-party risk, auditing fraud in procurement and expenses, fraud in financial and regulatory reporting, auditing fraud in finance, building an enterprise security architecture (ESA), the approaches for developing an effective strategy, the meaning of security policy, cyber security policy, security policy principles, system security policies, auditing the cyber security risk management policy and much more.

Learning Objectives

Delegates will gain specialist knowledge and practical experience by participating in live, real-time group audit program building and be enabled to apply  learning in their day-to-day work environment immediately, including

  • Understanding the threat landscape
  • Identify how to audit fraud warning signs and indicators
  • Appreciate how fraud is conducted and by whom
  • Understand how to audit the fraud risk management framework
  • Review and audit fraud deterrence and monitoring
  • Understand who does fraud and why

Hands-on, practical case studies and audit plans and programme writing with useful take-aways include

  •  Consider specific cases of banking fraud and consider what are the controls that should have been added.  What  lessons can we learn?
  •  Develop an audit program to audit the fraud risk management framework including governance
  •  Develop an audit program to audit the fraud risk register
  •  Develop an audit program to audit fraud warning signs
  •  Develop an audit program to address the use of data mining
  •  Develop an audit program to address customer related fraud including cards
  •  Develop an audit program to address fraud in customer applications
  •  Develop an audit program to address fraud in bank treasury
  •  Develop an audit program to address fraud in procurement and expense processes
  •   Develop an audit program to address financial reporting fraud
  •   Develop and audit program to address IT and Cybersecurity fraud and much more.
Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory.

The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)


NEW Auditing Fraud & Fraud Risk in Banks

Course Fee

Enter voucher code RISK15 at checkout for additional savings

Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)

Number of delegates:

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