Fraud Risk Assessment Course
Course Overview
| Course Title | Fraud Risk Assessment Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | TBA |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview
This comprehensive course equips participants with the essential knowledge, tools, and methodologies required to identify, analyze, and mitigate fraud risks within their organizations. Through practical frameworks, internationally recognized standards, and real-world examples, participants will learn how to proactively detect vulnerabilities, strengthen internal controls, and build effective fraud prevention strategies. The program blends theoretical foundations with hands-on exercises, enabling learners to develop strong analytical and investigative skills required for modern organizational risk management. By the end of the training, participants will be able to design and implement comprehensive fraud risk assessment processes that enhance organizational resilience and integrity.
Duration
5 Days
Who Should Attend?
- Risk Managers
- Internal Auditors
- Compliance Officers
- Forensic Accountants
- Fraud Examiners
- Law Enforcement Personnel
- Internal Control Professionals
- Managers and Executives
Organizational Impact
- Strengthened internal controls and fraud prevention mechanisms
- Improved ability to detect and respond to emerging fraud risks
- Enhanced compliance with regulatory and industry standards
- Reduction in financial losses and reputational damage
- Creation of a proactive fraud risk management culture
Personal Impact
- Improved ability to identify and evaluate fraud risk indicators
- Enhanced analytical, investigative, and reporting skills
- Increased confidence in implementing fraud risk assessment frameworks
- Greater understanding of fraud schemes and mitigation strategies
- Strengthened career prospects in risk, audit, and compliance roles
Course Objectives
- Understand the principles and components of fraud risk assessment
- Identify internal and external fraud risk factors
- Apply international guidelines and frameworks for fraud detection
- Conduct fraud risk mapping, scoring, and prioritization
- Develop strategies to mitigate, monitor, and report fraud risks
- Implement continuous fraud risk assessment and improvement practices
Course Modules
Course Outline
Module 1: Introduction to Fraud Risk Assessment
- Understanding fraud risk: definitions, principles, and key concepts
- Types of fraud: internal, external, cyber-related, and collusion
- Fraud risk assessment frameworks and global standards (COSO, ISO)
- Roles and responsibilities in fraud risk management
- Case Study: Introduction to fraud risk scenarios in a banking institution
Module 2: Fraud Risk Identification Techniques
- Identifying fraud risk indicators and red flags
- Gathering information through interviews, surveys, and documentation reviews
- Fraud risk brainstorming and workshops
- Using data analytics to identify potential fraud patterns
- Case Study: Identifying fraud risks in procurement operations
Module 3: Fraud Risk Analysis and Evaluation
- Fraud risk mapping and prioritization techniques
- Using risk scoring matrices and likelihood–impact assessments
- Evaluating internal control effectiveness against fraud risks
- Root cause analysis and vulnerability assessment
- Case Study: Assessing fraud risks in financial reporting
Module 4: Fraud Risk Mitigation Strategies
- Designing effective fraud prevention and detection controls
- Strengthening internal systems and segregation of duties
- Building an anti-fraud culture and awareness programs
- Integrating technology and automation in fraud mitigation
- Case Study: Developing mitigation strategies for payroll fraud
Module 5: Monitoring, Reporting, and Continuous Improvement
- Continuous fraud risk monitoring tools and techniques
- Reporting fraud risks to management and stakeholders
- Conducting periodic fraud audits and updates
- Integrating fraud risk assessment into enterprise risk management (ERM)
- Case Study: Implementing a continuous fraud risk monitoring system
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
