Fraud Watch: Modern Strategies for Prevention and Detection
“Fraud Watch” outlines advanced detection techniques and preventive strategies, utilizing data analytics and employee training to combat financial fraud.
Explore more Compliances Program
Enroll now for early access of e-LMS
e-LMS
Self Paced
Moderate
3 Months
About
“Fraud Watch: Modern Strategies for Prevention and Detection” is an essential guide that details the use of data analytics and machine learning for detecting fraud, emphasizing robust internal controls and continuous employee training as key to a comprehensive fraud prevention strategy. This resource is crucial for financial professionals and business managers looking to protect their organizations from financial fraud.
Aim
Program Objectives
Program Structure
Module 1: Understanding Fraud
- Section 1: Introduction to Fraud
- Definitions and Key Concepts in Fraud
- Historical Overview and Types of Fraud
- Section 2: The Impact of Fraud
- Economic and Social Impact of Fraudulent Activities
- Case Studies of Major Fraud Incidents
Module 2: Identifying Fraud Risks
- Section 1: Risk Factors and Indicators
- Common Risk Factors and Warning Signs of Fraud
- Analyzing Fraud Risk in Different Industries
- Section 2: Fraud Risk Assessment
- Tools and Techniques for Conducting Fraud Risk Assessments
- Implementing a Fraud Risk Management Framework
Module 3: Fraud Prevention Techniques
- Section 1: Designing Effective Controls
- Strategies for Developing Anti-Fraud Policies and Controls
- The Role of Corporate Governance in Fraud Prevention
- Section 2: Building a Culture of Integrity
- Ethical Leadership and Organizational Culture Against Fraud
- Training and Awareness Programs for Fraud Prevention
Module 4: Fraud Detection and Investigation
- Section 1: Detection Methods
- Advanced Techniques for Fraud Detection
- Utilizing Technology and Data Analytics in Fraud Detection
- Section 2: Conducting Fraud Investigations
- Steps and Procedures in a Fraud Investigation
- Legal Considerations and Evidence Handling
Module 5: Technological Advancements in Fraud Management
- Section 1: Leveraging Technology for Fraud Management
- Emerging Technologies in Fraud Prevention and Detection
- Case Studies on Technology’s Role in Uncovering Fraud
- Section 2: Cyber Fraud and Security Measures
- Understanding Cyber Fraud and Online Scams
- Security Protocols and Measures to Prevent Cyber Fraud
Module 6: Legal and Regulatory Framework
- Section 1: Compliance and Legal Issues
- Legal Obligations and Compliance Requirements for Fraud Management
- Working with Regulatory Bodies and Law Enforcement
- Section 2: Global Perspectives on Fraud
- International Cooperation in Fraud Prevention and Detection
- Adapting to Global Anti-Fraud Standards
Final Assessment and Project
- Capstone Project:
- Development of an Integrated Fraud Management Strategy for a Hypothetical Company
- Final Examination:
- Comprehensive Test to Evaluate Understanding and Application of Fraud Management Strategies
Participant’s Eligibility
Program Outcomes
- Advanced Detection Techniques: Participants will master the use of advanced analytical tools, including data analytics and machine learning, to detect and analyze fraud patterns effectively.
- Improved Internal Controls: Attendees will learn how to strengthen internal controls to prevent fraudulent activities and ensure compliance with regulatory standards.
- Fraud Risk Management Skills: Participants will acquire skills in assessing and managing fraud risks within their organizations, utilizing best practices in fraud prevention.
- Enhanced Awareness and Response: Increased awareness of the various types of financial fraud and the ability to implement prompt and effective responses to mitigate impacts.
- Cultural Shift Towards Integrity: Encouragement of a culture of integrity and transparency within organizations, significantly reducing the likelihood and impact of fraudulent activities.
Fee Structure
Standard Fees: INR 4,998 USD 110
Discounted Fee: INR 2499 USD 55
Batches
Certificate
Program Assessment
Certification to this program will be based on the evaluation of following assignment (s)/ examinations:
Exam | Weightage |
---|---|
Mid Term Assignments | 20 % |
Final Online Exam | 30 % |
Project Report Submission (Includes Mandatory Paper Publication) | 50 % |
To study the printed/online course material, submit and clear, the mid term assignments, project work/research study (in completion of project work/research study, a final report must be submitted) and the online examination, you are allotted a 1-month period. You will be awarded a certificate, only after successful completion/ and clearance of all the aforesaid assignment(s) and examinations.
Program Deliverables
- Access to e-LMS
- Real Time Project for Dissertation
- Project Guidance
- Paper Publication Opportunity
- Self Assessment
- Final Examination
- e-Certification
- e-Marksheet
Future Career Prospects
- Chief Risk Officer (CRO): Senior executives responsible for overseeing the risk management framework within an organization, including strategic risk planning and fraud risk oversight.
- Director of Forensic Investigations: Professionals who lead teams in detailed investigations of complex fraud cases, often coordinating with law enforcement and legal teams.
- Senior Compliance Analyst: Experts specializing in ensuring that company practices not only meet current compliance standards but also anticipate changes in fraud prevention regulations.
- Fraud Prevention Technology Developer: Specialists in designing and implementing software solutions that help detect and prevent fraud using the latest technology, such as AI and machine learning.
- Global Fraud Management Advisor: Consultants who provide international strategies for fraud prevention, helping global companies manage and mitigate fraud risks across different regulatory environments.
- Head of Internal Audit: Executives who manage comprehensive audit programs that assess organizational vulnerabilities and ensure integrity in financial reporting.
- Financial Crime Policy Maker: Professionals who influence or create policies and standards at the governmental or international level to combat financial crime more effectively.
Job Opportunities
Enter the Hall of Fame!
Take your research to the next level!
Achieve excellence and solidify your reputation among the elite!