Corporate Fraud Training

Who did it?

Corporate fraud training includes learning the who, what, when, where and why of fraud committed in a workplace environment. Each corporation has varying levels of antifraud corporate training, which can range from an employee handbook to full-blown training courses.

Prevention

The prevention aspect of the training program typically includes educating employees about the company policy relating to fraud as well as educating them on the methods in place to prevent fraud. Some prevention activities you will learn about are written policies and procedures to manage fraud risks, such as codes of conduct, expense account procedures and incident investigation standards.

Monitoring & Detection

Monitoring for fraud is a vital piece of the fraud equation, and this is often where most training will occur. Monitoring for fraudulent activity involves learning the red flags that indicate fraud so that you can spot fraud when it occurs.

Investigation & Reporting

Once fraud is uncovered, it is necessary to investigate the fraud. This training can include how to interview employees to testifying as an expert witness. When a fraud encounter is imminent, there are reporting mechanisms in place that members of the organization will share during their training sessions.

References

• ACFE: Fraud Prevention Check-Up

Resources

• ACFE: Fraud Prevention Tools and Resources