FRAUD CONTROL & THE COSO 2013 FRAMEWORK Improving Internal Controls and Organizational Effectiveness 13 - 16 SEPT 2015 RADISSON BLU DUBAI DEIRA CREEK UAE 30 NOV - 03 DEC 2015 GRAND MILLENNIUM KUALA LUMPUR MALAYSIA
MANAGEMENT SERIES COURSE OVERVIEW
YOUR INTERNATIONAL COURSE FACILITATOR
THIS WORKSHOP CONSISTS OF TWO PARTS: Part 1: Fraud Control: Preventing & Detecting Fraud (Day 1 - Day 2)
Reports from the Association of Certified Fraud Examiners, major public accounting firms, the International Monetary Fund (IMF), Transparency International (TI) and others indicate that fraud and corruption are major global problems. While internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization, all employees should be familiar with fraud risks and how they can support the implementation of effective controls and antifraud programs. Fraud goes beyond the misstatement of financial reports; it also includes the misappropriation of assets and gaining personal gain by harming the organization or others. The expectations regarding fraud awareness are increasing and employees should be familiar with revenue, expenditure, inventory, cash, accounts receivable, journal entries, management override and vendor fraud schemes, among others. In general, we must adapt our thinking and methods since fraud at the organizational level erodes economic value and contributes to the proliferation of corruption at the macro level. We cannot wait for auditors to detect and investigate fraud after it has occurred, but also be proactive and help the organization deter and prevent it. Course participants will learn the fundamentals of fraud, identify troublesome conditions and be able to incorporate that knowledge into their process design, risk assessments and control activities. Part 2: The COSO 2013 Internal Control integrated Framework (Day 3 - Day 4)
COSO’s 2013 Internal Control - Integrated Framework (IC-IF) is a useful tool to improve an organization’s internal control infrastructure while increasing the likelihood of achieving organizational objectives. In this interactive two-day program, you will learn how this principles-based approach can be deployed successfully in your organization. Participants will examine the implications for business leaders, process owners, managers, and both internal and external auditors. Participants will review the differences between the 1992, the 2004 and the updated 2013 model, the implications on the system of internal controls, and acquire the tools necessary to effectively design, implement, and evaluate your organization’s system of internal controls. More than that, however, you will also learn how to look beyond internal controls and use the framework as a management tool to increase efficiency and effectiveness; enhance corporate governance and anti-fraud programs; improve risk management processes; and better manage your external business relationships. Course participants will acquire the necessary skills to perform an assessment of their organizations, and learn how to apply the seventeen principles and their related points of focus. Tel: +6016 3326 360
Fax: +603 9205 7788
kris@360bsigroup.com
Dr Hernan Murdock DBA, CIA, CRMA
Consultant & Trainer Murdock Global Advisors Dr Hernan Murdock, DBA, CIA, CRMA is president of Murdock Global Advisors, an internal audit, corporate governance, and human capital-consulting firm. Previously, he was the Director of Training at Control Solutions International, where he oversaw the company's training and employee development program. He is the author of ”10 Key Techniques to Improve Team Productivity” and “Using Surveys in Internal Auditing”, and has written articles on whistleblowing programs, international auditing, mentoring programs, fraud, deception, corporate social responsibility, and behavioral profiling and globalization. His experience includes internal audit and consulting projects in the manufacturing, transportation, high tech, education, insurance, government, and power generation industries. Dr Murdock is a senior lecturer at Northeastern University, where he teaches management, international business, leadership, and ethics, and frequently teaches courses for MIS Training Institute. Dr. Murdock has conducted training sessions and delivered invited talks and conference presentations at internal audit, academic, and government functions in the United States, Latin America, Europe, Middle East and Africa.
EXCLUSIVE TAKEAWAYS: Workshop Materials: Every participant receives a copy of the course manuals, containing an overview of the course, including worksheets, checklists, examples and exercises.
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