Course in Internal Control & Fraud Prevention

At Dubai Premier Centre (DPC), we offer an advanced Internal Control & Fraud Prevention course designed to equip professionals with the knowledge and practical skills necessary to safeguard their organisations from fraudulent activities. This course delves into the vital role of internal controls to prevent fraud and how businesses can implement robust strategies to enhance operational security. Participants will learn the significance of setting up and maintaining internal control systems that not only protect against fraud but also ensure overall business efficiency. By focusing on key areas such as payroll fraud, banking fraud, and procurement processes, this course provides a comprehensive understanding of internal control and fraud prevention strategies tailored to the needs of modern organisations.

February 3, 2025

March 10, 2025

April 7, 2025

May 12, 2025

To introduce participants to the importance of internal control systems in minimising fraud risks and to equip them with the ability to identify and prevent fraud.
To provide practical knowledge on the application of internal controls to prevent fraud, with a focus on high-risk areas such as payroll, banking, and procurement.
To explore examples of internal controls for fraud prevention, enabling participants to implement effective measures within their organisations.
To offer insights into how internal control systems contribute to fraud prevention and ensure consistent business operations without exposure to fraudulent activities.

Target Audience

Compliance Officers and Risk Managers: Professionals seeking to understand how internal controls can improve operations and prevent fraud.
Corporate Leaders and Executives: Senior decision-makers who want to safeguard their organisation’s financial integrity and reputation.
Internal Control Managers and Auditors: Those responsible for designing and overseeing internal controls to strengthen fraud prevention measures.
Financial and Risk Managers: Professionals managing financial operations and risk who wish to learn how internal controls can protect their organisation from fraud.

Understanding Internal Control Frameworks:
- Introduction to various internal control systems and their role in fraud prevention.
- Key concepts, definitions, and principles of effective internal control.
- The significance of regular reviews and audits to detect weaknesses and vulnerabilities.
Fraud Prevention Techniques and Mechanisms:
- Best practices for preventing financial fraud in business operations, with an emphasis on bank internal control to prevent check fraud and payroll fraud.
- Specific examples of internal controls to prevent fraud, including segregation of duties, authorisation protocols, and continuous monitoring.
- How internal audit fraud prevention methods can be used to identify red flags early in financial transactions.
Practical Application of Internal Controls in Various Departments:
- Implementing and evaluating internal control systems and fraud prevention in different departments, including finance, human resources, and procurement.
- How internal controls to prevent fraud apply in the context of high-risk areas such as payroll, expense reporting, and procurement.
- Case studies and real-world examples of organisations that have successfully implemented internal control and fraud prevention practices.
The Role of Technology in Fraud Prevention:
- How modern technology, such as software and automation, enhances internal control systems and fraud prevention measures.
- The integration of AI and data analytics in detecting and preventing fraudulent activities.
- Benefits and limitations of using technology for fraud prevention in contrast to traditional methods.
Challenges in Implementing Internal Controls:
- Identifying and overcoming common challenges businesses face when trying to implement internal control and fraud prevention strategies.
- The importance of fostering a culture of compliance and integrity across the organisation to ensure that internal controls are followed.
- Addressing potential weaknesses in internal controls and finding solutions to improve their effectiveness in preventing fraud.
Advanced Fraud Prevention Strategies:
- An overview of advanced fraud prevention methods used by large organisations and institutions.
- The significance of conducting internal control and fraud prevention training for staff at all levels.
- Exploring international standards and regulatory frameworks related to fraud prevention and internal controls.
Case Studies and Best Practices:
- Reviewing the AGA Internal Control & Fraud Prevention Conference materials and the best practices shared by industry experts.
- Successful examples of internal control and fraud prevention from around the world, showcasing actionable insights for participants.
- Practical exercises to identify gaps in current internal controls and fraud prevention strategies.
Monitoring and Reporting Fraud:
- How to set up monitoring systems to continuously assess the effectiveness of internal controls to prevent fraud.
- Developing fraud risk reports for senior management and external stakeholders.
- The role of whistleblower systems and how they complement internal controls in fraud prevention efforts.
Evaluating the Effectiveness of Internal Controls:
- Methods to assess whether existing internal control systems are adequately preventing fraud.
- Understanding the effect of internal control on fraud prevention and how to adjust strategies when necessary.
- The importance of regular training and awareness programmes for staff to maintain strong internal controls to prevent fraud.

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