Can you Identify Red Flags, Prove Wrongdoing?
Corruption, cybercrime, procurement scams– Proving fraud can be difficult when deception can occur at any area of operation and employee level. With increased creativity of today’s fraudsters, businesses face an uphill task in tracking irregularities and gathering sufficient evidence. Rapid technological changes and emerging fraud risks pose further challenges for companies in setting updated policies and controls to detect, manage and report latest fraud schemes.
Stay Ahead of Sophisticated Fraud with
Proactive Controls, Data Analytics, Investigative Interview Techniques
Join this 2-day event to acquire the latest skills in fraud detection, investigation and prevention. Gain insights from Visa and healthcare companies’ case studies on latest techniques and tools in tackling corruption and bribery, cybercrime and more. Examine best practices in managing fraud risk with effective fraud risk assessment measures and robust controls. Practice investigative interviewing skills through an interactive roleplaying session and witness live samples on how analytics was used in fraud detection and investigation.
Fraud Management Best Practices & Pitfalls to Avoid in with Case Studies & Insights from:
Fraud risk identification, analysis, treatment best practices
How to anticipate vulnerabilities to secure risk-sensitive assets?
How to overcome and prove kickbacks, collusion, conflicts of interest?
Live samples, real life examples : Identify red flags and anomalies
Common mistakes, formulating questions, identifying deception
Benefits of Attending
- Hear intimate sharing from fellow internal auditors in the region on their fraud challenges
- Gain insights from standards and guidance used by leading companies to manage fraud risks
- Examine vulnerabilities and key fraud risks to prevent and detect integrity failures and common deficiencies
- Learn how to strengthen inadequacies of internal controls for more robust anti-fraud policies and procedures
- Acquire tips to develop an incident response strategy and maintain an ongoing fraud monitoring programme
- Gather tips on healthcare companies’ strategies in blocking and responding to cyber attacks
- Adopt best practices from Visa’s investigation of personnel, vendors and third party relationships
- Understand common challenges faced in using analytics for fraud detection and investigation
- Apply how digital forensics can be used in an investigation to preserve, recover and search data
- Discover online research tips and social media exercises in researching individual subjects
- Find out how to close the investigation – Evidence collection, storing evidence, report writing
- Identify common whistleblowing issues including threats of violence, deadlines, lack of credibility
Who Should Attend
Senior level Internal Auditors and Executives from Finance, Investigations and Risk responsible for fraud management
Day 0108:30 Registration & Morning Coffee
FRAUD RISK MANAGEMENT WORKSHOP
Effective Fraud Risk Assessment
- Examining vulnerabilities to prevent and detect integrity failures and common deficiencies
- Best practices in fraud risk identification, analysis, treatment
- Insights from standards and guidance used by companies to manage fraud risks
- Developing the fraud risk assessment context and criteria matrix
- Conducting fraud risk assessments in real life business cases
Robust Controls & Measures
- How to strengthen inadequacies of internal controls?
- Best practices in anti-fraud policies and procedures
- Examining ethics grey areas and personal dilemmas faced
- How to develop an incident response strategy?
- How to maintain an ongoing monitoring programme?
(inclusive of 30 min Morning Refreshments & Networking Break)Sylvia Lim, Managing Director, Excellence Link Associates
Lunch & Networking Break
ANTI-BRIBERY & CORRUPTION CASE STUDY
Practical Techniques & Skills on How Visa Identifies, Proves, Mitigates Bribery & Corruption
- Donations, gifts, non-cash bribes– Examine common schemes faced by Visa
- How Visa identifies warning signs in payment processes, financial reporting and more
- Key controls and prevention KPIs set at Visa in strengthening anti-bribery and corruption
- How Visa overcomes and proves kickbacks, collusion, conflicts of interest
- Best practices in Visa’s investigation of personnel, vendors and third party relationships
Lisa Liao, Compliance Director, Visa
Afternoon Refreshments & Networking Break
MANAGING CYBERCRIME CASE STUDY
Overcoming Key Cybersecurity Challenges: How the Healthcare Industry Protects its Business in the Cyberspace
- How healthcare companies keep up with technological advancements and cyber threats they are exposed to
- How healthcare businesses anticipate vulnerabilities in systems and secure risk-sensitive assets
- Examining controls put in place to protect against known and emerging cyber risks in the healthcare industry
- Hear healthcare companies’ strategies in blocking attacks, responding to an attack, recovering good data
- Best practices in cyber incident response in the healthcare industry – How to recover from cyber incidents
Sylvester Wong, Senior Director, IT Asia Pacific, Fresenius Medical Care
End of Day One
Day 0208:30 Morning Coffee
eDISCOVERY, DIGITAL FORENSICS, ANALYTICS WORKSHOP
Latest Tools & Technologies for Fraud Detection and Investigation
- How to implement data analytics to proactively detect, assess and investigate fraud?
- What data sources are required to mitigate fraud risks?
- Case studies on how organisations are using analytics to identify red flags and anomalies
- Common challenges faced in using analytics for fraud detection and investigation
- How digital forensics can be used in an investigation to preserve, recover and search data?
- What can be examined digitally for evidence in your organisation?
- Key considerations in electronic discovery for internal auditors
Live samples: Real life examples of how analytics was used in the identification and assessment of fraud risks
Steven Wilkinson, Principal, Compliance, Forensics & Intelligence, Control Risks
Sebastian Lueneburg, Senior Consultant, Control Risks
(inclusive of 30 min Morning Refreshments & Networking Break)
Lunch & Networking Break
INVESTIGATION & INTERVIEWING WORKSHOP
Best Practices in Fraud Investigation & Investigative Interviewing
- Informing stakeholders – Who should be informed about the investigation? Why?
- Discussing departmental roles in the investigation team
- Researching subject individual – Online research tips, social media exercise, what can be found without intrusive investigation
- Site visits – When to do site visits, when you shouldn’t do them, how to be “street savvy”
- Closing the investigation – Evidence collection, storing evidence, report writing
- Investigating potential areas of fraud – Industry-specific fraud, country-specific fraud
- Investigative interview techniques – Common mistakes, formulating questions, identifying deception
Discussion: Who should be involved in the investigation team? Discuss scenarios including general investigations, asset misappropriation, cyber theft and how the team should be formed
Investigative Interviewing Exercise: Delegates will read an interview transcript, and discuss where things went right or wrong guided with critique from the workshop leader
Analysing Whistleblower Letters Exercise: Delegates will analyse mock whistleblower letters and identify issues such as threats of violence, deadlines, lack of credibility and more
Nicholas Blank, Director of Investigations, Blackpeak
(inclusive of 30 min Afternoon Refreshments & Networking Break)
End of Event