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Certified Fraud Detection & Prevention Professional

Course Overview

Elevate your career to new heights with our Certified Fraud Detection & Prevention Professional course! In a landscape full of internal fraud cases and illegal accounting schemes by corporations or individuals, establishing a robust fraud prevention, detection, and control system is essential for maintaining financial integrity. Our dynamic program guides you from theory to practical implementation, and equips you with essential tools, to empower you to safeguard investors and companies from fraudulent activities in financial statements.

Learn to examine financial statements effectively, identifying potential indicators of fraudulent financial reporting, and emerge as a certified professional in Fraud Detection & Prevention ready to contribute to the financial health and trustworthiness of your organization.

Who Should Attend

  • Professionals in the field of finance and accounting,
  • Controllers,
  • Accounting managers,
  • Senior and chief accountants,
  • Financial analysts,
  • Internal and external auditors,
  • Accountants at all levels seeking to enhance their financial statement fraud detection skills.

Course Objectives

At the end of this course, participants will be able to:

  • Identify fraud and fraudsters
  • Recognize different types of fraud schemes in organizations
  • Analyze company financial statements to determine if there is earnings manipulation
  • Assess quality of financial statements using different tools
  • Implement fraud controls to decrease the likelihood of fraud in the organization

Course Content

Identifying fraud and fraudsters

  • Introduction to fraud
  • Fraud triangle
    • Pressure
    • Rationalization
    • Opportunity
  • Fraudsters’ profile

Fraud schemes

  • Executive fraud
  • Fraud schemes in financial statements
  • Fraud schemes in assets
  • Fraud schemes in liabilities
  • Fraud schemes in expenses
  • Fraud schemes in sales

Ratio analysis

  • Michael Porter’s five forces
  • Common size analysis
  • Altman Z-score assessing potential bankruptcy

Assessing quality of financial reports

  • Framework for assessing quality of financial reports
  • Potential problems that affect the quality of financial report
  • Beneish model: M-score on manipulated earnings
  • Evaluating the earnings quality of a company
  • Evaluating the cash flow quality of a company
  • Indicators of balance sheet quality

Internal control environment

  • Fraud detection
  • Fraud prevention
  • Fraud response
  • Internal controls
  • Corporate governance and ethics
  • Code of conduct
  • Internal control environment

Table of Contents

Course Code DU1009 Category
Location: Dubai, UAE
Duration: 5 Days
Language: English
Cost: 15,770 SAR
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