Internal Controls and Fraud Prevention in Financial Management Training Course

Course Outline

Module 1: Introduction to Internal Controls

ü  Understanding internal control systems

ü  Components of a robust internal control framework

ü  Importance of internal controls in financial management

ü  Common challenges in implementing controls

ü  Practical Session: Case study analysis of internal control failures

Module 2: Fraud Risk Assessment

ü  Identifying fraud risk indicators

ü  Conducting fraud risk assessments

ü  Developing risk management strategies

ü  Integrating risk assessments into decision-making processes

ü  Practical Session: Risk mapping workshop

Module 3: Fraud Prevention Strategies

ü  Designing effective fraud prevention policies

ü  Employee training and awareness programs

ü  Fraud prevention technologies

ü  Monitoring and evaluation of prevention measures

ü  Practical Session: Policy drafting and role-play

Module 4: Fraud Detection Techniques

ü  Red flags of fraudulent activities

ü  Forensic accounting and data analysis

ü  Utilizing technology in fraud detection

ü  Internal audits and their role in fraud detection

ü  Practical Session: Hands-on experience with fraud detection tools

Module 5: Fraud Investigation and Reporting

ü  Steps in conducting fraud investigations

ü  Evidence collection and preservation

ü  Interviewing techniques for fraud investigations

ü  Preparing investigation reports

ü  Practical Session: Mock fraud investigation exercise

Module 6: Legal and Ethical Considerations

ü  Legal frameworks governing fraud

ü  Ethical dilemmas in fraud prevention and management

ü  Protecting whistleblowers

ü  Implementing an ethical culture in organizations

ü  Practical Session: Case study on ethical decision-making

Module 7: Role of Technology in Internal Controls

ü  Emerging technologies in internal controls

ü  Automating financial control processes

ü  Role of artificial intelligence in fraud prevention

ü  Cybersecurity threats and mitigation

ü  Practical Session: Exploring fraud prevention software

Module 8: Building a Fraud-Resilient Organization

ü  Developing organizational fraud resilience

ü  Leadership and governance in fraud management

ü  Collaborative approaches to fraud prevention

ü  Stakeholder engagement and communication

ü  Practical Session: Organizational resilience planning

Module 9: Monitoring and Evaluation of Controls

ü  Continuous improvement in internal controls

ü  Evaluating control effectiveness

ü  Reporting and feedback mechanisms

ü  Addressing gaps and challenges in controls

ü  Practical Session: Designing a monitoring and evaluation framework

Module 10: Emerging Trends and Challenges in Fraud Prevention

ü  Global trends in fraud and prevention

ü  Challenges in combating financial fraud

ü  Adapting to evolving fraud techniques

ü  Opportunities for innovation in fraud prevention

ü  Practical Session: Group discussion on future-proofing fraud prevention

Admission Criteria

ü  Participants should be reasonably proficient in English. 

ü  Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com  and we will send you a registration form. We advise you to book early to avoid missing a seat to this training. Or call us on +254737296202 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1.    Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2.    Invoice: We can send a bill directly to you or your company.

3.    Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1.    Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2.    Participants may cancel attendance 14 days or more prior to the training commencement date.

3.    No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor-Made Courses

We understand that every organization has unique training needs. Armstrong Global Institute offers tailor-made courses designed to address specific requirements and challenges faced by your team or organization. Whether you need a customized curriculum, a specific duration, or on-site delivery, we can adapt our expertise to provide a training solution that perfectly aligns with your objectives. Contact us to discuss how we can create a bespoke training program for you. For further inquiries, please contact us on Tel: +254737296202 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com  

Accommodation and Airport Pick-up

For physical training attendees, we can assist with recommendations for accommodation near the training venue. Airport pick-up services can also be arranged upon request to ensure a smooth arrival. Please inform us of your travel details in advance if you require these services. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254737296202 / +254725012095 / +254724452588