Fraud Risks Controls and Internal Auditing

Why this Training?

The course on Fraud Risks, Controls and Internal Auditing Training in Dubai UAE will assist participants to:

  • Acquire basic knowledge in relation to the theory and practice in the areas of Fraud Risks, Controls and Internal Auditing.
  • Enhance their knowledge in specialised Fraud Risks and Controls sessions, as well as Internal Auditing practices for a range of business processes in all industries based on a best practice methodology.
  • Obtain Certified Internal Controls Auditor (CICA), or Certified Internal Controls Specialist (CICS) qualifications (The Institute for Internal Controls) by waiving the relevant exams.

The training syllabus provides both theoretical and practical knowledge to the participants for the implementation of the above practices.

How it will benefit the delegates?

  • Understanding through theoretical and practical review of the study material the application of Risks, Controls and Internal Auditing best practices regarding Fraud prevention, detection and investigation.
  • Improving Fraud Risks and Controls identification, evaluation and reporting skills.
  • Improving Fraud prevention and detection skills for the main industries and transaction cycles.

Proposed Agenda

Define & Understand Fraud

  • Fraud Risk Defined
  • Introduction to Fraud Prevention & detection.
  • Introduction to Fraud Investigations
  • Key Points.

The Fraud Triangle – The Factors present in Organization that allow Fraud to occur

  • Incentive/Pressure
  • Opportunities
  • Attitudes/Rationalization
  • Profiles of potential Fraudsters
  • Key Points

Real Life Case Studies Examples (Case Study)

  • Fraud Risk Assessment
  • Fraudulent Loans
  • Payment fraud
  • Insider dealing
  • Key Points

Fraud Impact

  • Fraud Effects.
  • Cost of
  • Key Points.

During the second day of the course, we will present the Role of Management & Internal Audit in Fraud prevention, in mitigating Fraud through detection and investigation techniques and the appropriate Fraud Training.

A Discussion on Detecting Creative Accounting Practice

  • Detecting Fictitious Revenues,
  • Detecting Misreported Asset & Liabilities
  • Identifying the ‘Red Flags’ and Anomalies in Financial Statement
  • Key Points

Prevention and Detection of Fraud

  • The Role of Internal Audit in Mitigating Fraud
  • Tools and Techniques to Combat Fraud
  • What to Do When You’ve Discovered a Serious Fraud
  • Key Points.

Designing & Implementing a Robust Governance Framework to mitigate Fraud

  • Anti-Fraud Control as an Enterprise Risk Strategy
  • Evaluating Existing Antifraud Processes and Controls
  • Designing a Robust Framework for Fraud Control
  • Implementing Appropriate Internal Controls to mitigate Fraud
  • The Correct approach in Understanding Internal Controls
  • Key Points.


  • Workshop Summary
  • Wrap Up Session
  • Key Points.

Training Material

Participants will be provided with relevant Powerpoint presentations, study material, sources of information, fraud related questionnaires, checklists, audit programs, risk & control guides, test examples and relevant case studies.