Training Doyens

OVERVIEW Risk of fraud is one of the types of fraud encountered byorganizations today. If not addressed on time, it can bring disastrous results. Building effective fraud risk management program is a must. To do this, you must have tangible understanding of how and why fraud is carried out. WHY SHOULD YOU ATTEND Did you know that organizations tend to lose approximately 5% of their annual revenues to fraud? Unfortunately, most of the risk management personnel tend to misjudge the role of fraud in the scope of their duties. It is very important that organizations focus on risk and take steps to deter fraud. But, without clear objectives, it is not possible to have an effective fraud risk management program. Risk Management Program AREAS COVERED Fraud – what is it and some recent case examples  Some ways in which fraud can be manifested Developing a risk management program to identify potential fraud Indicators or “red flags” which can help to identify ...

OVERVIEW Corruption is no longer a viable option for businesses engaged in international commerce.  A number of laws, such as the US ForeignCorrupt Practices Act (FCPA), the UK Bribery Act, and international conventions, including the UN Convention against Corruption call for significant limits on the ways that businesses can solicit and conduct their business transactions.  Substantial penalties can apply to businesses that fail to take proper precautions against corruption.  Recent incidents, such as the Wal-Mart bribery scandal in Mexico or that of Siemens can result in hundreds of millions, and even billions of dollars in fines and penalties, not including the cost of legal defense and mitigation measures.  This webinar will help businesses navigate a course of action towards compliance by utilizing risk management approaches that seek to identify potential threats to corruption and to institute mitigation measures to lessen the impact of those threats. E...