How to Build an Anti-Fraud Culture-Going BEYOND Just Ethics

Duration: 90 Minutes
If yours is like most organizations, it has a well-crafted ethics policy as well, perhaps as a formal compliance policy. These are important for building a "corporate culture" of integrity and honesty. However, they generally do not go far enough when it comes to reducing the organization's risk of fraud. And fraud, after all, is among the most damaging threats to high standards of business integrity.
Fraud Prevention
Product ID: 500396

That's because most ethics and compliance policies address general aspects of employee behavior—including anti-discrimination, harassment, conflicts of interest and the necessity to adhere to all applicable regulations.

To truly reduce the likelihood that your employees will engage in fraudulent conduct, it is essential to build a clear anti-fraud "Tone at the Top" of zero-tolerance toward fraud and implement specific policies that explain to employees what constitutes fraud, how to recognize its red flags and how to take action.

Why Should you Attend:
Fraud is growing by a staggering 20% per year, according to the respected international fraud investigation firm, Kroll. The majority of all fraud, according to the Association of Certified Fraud Examiners is committed by employees. Organizations that operate on the assumption that their existing ethics and compliance policies are sufficient to thwart fraud are misleading themselves and risking debilitating financial and reputational loss.

This makes crystal clear the urgent need for proactive anti-fraud actions by management to build a culture that minimizes opportunities, pressures and justifications for committing fraud. Employees generally want to conduct themselves honestly; but in organizations where management's attitude is one of ambivalence or outright tolerance of financial misconduct, the message to all is clear: Why not?

Objectives of the Presentation:
Participants will be able to:
  • Explain why employees commit fraud
  • Understand the key difference between ethics and fraud policies and their impact on corporate culture
  • Identify specific management steps for creating a powerful anti-fraud Tone at the Top
  • Identify anti-fraud measures that encourage employees to "do the right thing"
  • Take away lessons from organizations that have successfully built fraud-resistant corporate cultures
INTRODUCTION:
  • Statistical overview of the fraud problem generally, and T&E fraud specifically
  • Who commits fraud
  • Case studies of employee fraud in an environment of poor anti-fraud "values"
  • Ethics/compliance policies vs fraud policies
PROACTIVE MEASURES TO BUILD AN ANTI-FRAUD CULTURE
  • Tone at the Top
  • Employee fraud awareness training
  • Encouraging whistle-blowing
  • How to build a workable anti-fraud policy
  • How to set up an effective fraud hotline
Who can Benefit:
  • Internal and external audit professionals
  • Compliance and ethics officers
  • Accounting and audit practitioners
  • HR managers
  • Senior financial management seeking to reduce their vulnerability to costly frauds
  • Procurement managers
  • Compliance and ethics managers
  • CFO's/senior financial managers
  • Security personnel
Live Session - How it works
  • Username and Password will be sent to you 24 hours prior to the webinar
  • Presentation handouts in pdf formate will be mailed to you
  • Login to the session using the username and password provided to you
  • Get answer to your queries through interactive Q&A sessions via chat
  • Please let us know your thoughts and views at the end of webinar, your valuable feedback will help us improve
  • Get certification of attendance.
Recorded Session - How it works
  • A link will be provided to you upon purchase of the recorded session
  • Please click on the link to access the session
  • Presentation handouts in pdf formate will be mailed to you
  • Get certification of attendance.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Peter Goldmann is President of FraudAware LLC,the publisher of White-Collar Crime Fighter, a widely read bi-monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and investigators. The newsletter is in its 15th year of publication under Peter's leadership. Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley &Sons. The book is an in-depth account of the role that fraud played in bringing about the financial crisis of 2008. Peter is also the author of four other anti-fraud books covering accounts payable fraud, accounts receivable fraud, as well as two workbooks on fraud and cyber-risk and control, also published by Wiley.

Peter also developed FraudAware, the leading fraud and cyber-crime awareness training program. A user-friendly learning tool, FraudAware uses seminar, Webinar and E-Learning formats to train employees and managers at all levels in how to detect, prevent and report incidents of fraud, information theft and other forms of financial and electronic suspicious conduct.

FraudAware courses, which are customized for individual corporate, non-profit and government agency clients, reinforces organizations' whistleblowing programs by enabling employees to detect illegal activity that can then be reported to supervisors or managers or by using the organization's confidential hotline in accordance with established policy.

In addition, Peter has conducted numerous on-site fraud and cyber-crime detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies including Siemens Corp., Marriott International, Sony Denny's Corp,as well as large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses.

Peter has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, cyber-crime (Cyber-Crime Fighter) banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE).

He has been a columnist for the ACFE's newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud and cyber-crime topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine.

Peter holds a Bachelor's degree from the University of Michigan and a Master's from the London School of Economics.
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