Internal Controls and Fraud Risk Prevention Training Course

Introduction
Robust internal control systems are essential to safeguarding assets, ensuring financial integrity, and preventing fraud in both public and financial institutions. The Internal Controls and Fraud Risk Prevention Training Course is designed to strengthen the ability of organizations—especially central banks, government agencies, and regulated institutions—to detect, prevent, and respond to fraud risks effectively. This comprehensive course covers the principles of internal controls, fraud detection techniques, risk assessment, and the design of anti-fraud frameworks that comply with international best practices and regulatory requirements.

Over the course of five intensive days, participants will gain hands-on experience in evaluating control environments, conducting fraud risk assessments, and implementing strong governance and reporting mechanisms. Using real-world case studies, risk-based approaches, and practical tools, this training builds the capacity of professionals to create a culture of transparency, accountability, and continuous monitoring that reduces the risk of internal fraud, misconduct, and financial loss.

Duration: 5 days

Target Audience:

  • Internal auditors and risk managers
  • Compliance and finance officers
  • Central bank operations and control teams
  • Public sector governance and procurement professionals
  • Anti-fraud, investigation, and legal personnel

Course Objectives:

  • Understand the principles and components of effective internal controls
  • Identify key fraud risks and prevention mechanisms across functions
  • Design and implement internal control frameworks that reduce fraud exposure
  • Build institutional awareness and capacity for fraud detection and response
  • Align internal controls with global regulatory and governance standards

Course Modules

  1. Introduction to Internal Controls and Fraud Risk Prevention
  • Definitions and objectives of internal controls and anti-fraud systems
  • The relationship between control environments and fraud prevention
  • Key global frameworks (COSO, INTOSAI, ISO 31000)
  • Overview of fraud types: asset misappropriation, corruption, financial reporting fraud
  • The importance of tone at the top and organizational culture
  1. Components of a Strong Internal Control Framework
  • Control environment, risk assessment, and control activities
  • Information, communication, and monitoring functions
  • Designing preventive and detective controls
  • Segregation of duties and access management
  • Integration with governance and audit structures
  1. Fraud Risk Assessment and Identification Techniques
  • Conducting fraud risk assessments at process and enterprise levels
  • Mapping high-risk areas and red flags across departments
  • Tools and methodologies: checklists, interviews, data analytics
  • Understanding fraud schemes and concealment tactics
  • Prioritizing and ranking fraud risks for mitigation
  1. Anti-Fraud Controls and Detection Mechanisms
  • Transaction monitoring and anomaly detection
  • Whistleblower systems and reporting channels
  • Fraud detection through forensic audits and investigations
  • Use of technology and automation in fraud detection
  • Evaluating the effectiveness of existing controls
  1. Roles and Responsibilities in Fraud Risk Management
  • Duties of management, staff, and internal auditors
  • Oversight by audit committees and boards
  • Coordination with compliance and legal departments
  • Establishing an anti-fraud office or focal point
  • Defining accountability and escalation protocols
  1. Fraud Investigation and Incident Response
  • Investigating suspected or confirmed fraud incidents
  • Evidence collection, documentation, and chain of custody
  • Interviewing techniques and case documentation
  • Legal and disciplinary action processes
  • Lessons learned and internal reporting
  1. Regulatory Compliance and External Oversight
  • National and international anti-fraud regulations
  • Coordination with law enforcement and external auditors
  • Compliance with public sector financial rules and ethics policies
  • Reporting obligations to supervisory bodies
  • Transparency, disclosure, and reputational risk management
  1. Training, Awareness, and Continuous Improvement
  • Staff training programs on fraud prevention and ethical conduct
  • Promoting a speak-up culture and internal reporting culture
  • Continuous assessment and control testing
  • Integrating feedback and audit findings into control redesign
  • Building a sustainable anti-fraud institutional framework

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Internal Controls And Fraud Risk Prevention Training Course in Korea (Democratic People's Republic of)
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