Employee Fraud: Prevent, Detect, Manage

Tue, May 04, 2021 at 1:00 PM – 2:30 PM EST 90 Minutes Credits HRCI 1.5 & SHRM 1.5 PDCs

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Speaker: Jim George is an independent consultant focusing on issues of fraud.He brings over 25 years as a consultant

Overview

Organizations of all kinds and sizes are increasingly threatened by employee fraud. In fact, employee fraud represents the majority of all fraud threatening organizations.
Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.

Why Should You Attend

This webinar will provide attendees with a strong foundation of practical knowledge about how common frauds are committed, how to detect the red flags of these crimes and how to eliminate control deficiencies that provide opportunities for dishonest employees.

  • How to detect and investigate fraud
  • Building an anti-fraud control environment

Areas Covered

  • Introduction
  • Statistical overview of the fraud problem
  • Who commits fraud
  • Why employees commit fraud (the fraud triangle)
  • Lessons from fraudsters
  • Common types of internal fraud today
  • Red Flags of Fraud
  • Conducting a fraud risk assessment and recognizing the red flags of internal fraud
  • The fraud risk mitigation cycle
  • Implementing an organization-wide system for detecting, preventing and investigating fraud
  • Fraud detection
  • How frauds are most often detected
  • Additional general detection methods
  • Data mining/analytics for fraud detection
  • Examples of fraud audit techniques at work
  • Anti-Fraud Controls
  • Internal controls and other fraud prevention measures
  • Who should manage anti-fraud activities
  • Internal controls: dos and don’ts
  • Best practices in anti-fraud controls
  • General controls: Segregation of duties, delegation of authority, background investigation
  • Specific operations-level controls
  • Major fraud categories

Learning Objectives

  • Understand the fraud problem
  • Why employees commit fraud
  • Essential fraud detection tools and techniques
  • Best practices for developing and implementing anti-fraud controls
  • Identify the red flags of fraud

Who Will Benefit

  • Human Resources
  • Internal and external audit professionals
  • Internal control professionals
  • Finance and accounting management
  • Compliance and ethics professionals
  • Loss prevention and risk specialists
  • Security professionals
  • Fraud examiners
  • Procurement and payables specialists
This activity has been approved for 1.5 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

This program is valid for 1.5 PDCs for the SHRM-CP® or SHRM-SCP®


Your Instructor


Jim George
Jim George

Jim George is an independent consultant focusing on issues of fraud.He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting.

Jim’s work has included projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering).


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