Fraud Prevention

Larry Hubbard & Associates Corporate Governance and Fraud Prevention Course Outline
Course Description This seminar will provide participants with the key concepts and challenges related to corporate governance. The seminar explores the internal auditor’s role in helping the Board define and implement processes to measure progress toward organizational objectives and prevent catastrophic management failure. Internal Audit has a key governance role, as the Keeper of the Cube. Someone in the organization needs to understand and orchestrate the flows of information from all the different operational, compliance, financial reporting and even strategic initiatives – and Internal Audit is in a key, unique role to do that. The seminar is based on the COSO definition of internal control and enterprise risk management, but also explains why all definitions of risks and controls contain the same components, and it’s not about process flow. Finally, we’ll discuss the indicators of fraud, internal audit’s unique role preventing and detecting fraud, and why real, organization-threatening fraud is integrally related to corporate governance at the highest level – the real risk of fraud is not in cubicles (that is called occupational fraud), it is in corner offices (that brings good companies to the ground). Objectives  Provide a practical understanding Corporate Governance  Relate Corporate Governance to ERM, internal controls, SOX and all the other control initiatives in the organization  Define the Chief Audit Executive’s role as the Keeper of the Cube  Understand the indicators of occupational fraud, and indicators of management fraud  Prepare a post-training implementation plan to make it happen  Share current issues, challenges, and emerging practices in internal auditing and corporate governance Benefits of Attending Corporate Governance exists in every organization -- it can “just happen,” or it can be planned and orchestrated. This seminar will show why governance... [continues]

Read full essay