Connect with us

Education

Courses On Economic Crime Spark Interest Among Finance Specialists

Whether you are working as an internal auditor or are managing the financial services for a company, an understanding of the ramifications of economic crime is knowledge that is important in a technologically driven society.

Corporate training educators currently offer one and two-week seminars where finance practitioners can gain specific skills in this area. If you are directly responsible for investigating or detecting economic crime, or need to obtain a better understanding of fraud prevention, training in this area is essential.

Courses On Economic Crime Spark Interest Among Finance Specialists

Specific Learning Objectives :

The learning objectives you want to meet if you attend a seminar on economic crime and fraud prevention are the following:

  • The ability to apply advanced fraud management techniques and strategies

  • A better understanding of the relationship between contractual frameworks and commercial needs whilst overseeing end-client relationships

  • The development of efficient performance contracts and contractual frameworks

  • The capacity to enhance one’s role and benefit organisationally

Even if you spend a week in training by signing up at such platforms as http://www.lct.co.uk/, you will walk away far more astute about your efforts in reducing the impact of fraud and similar online deceptions or activities.

A Review of the Course Content :

The type of course content that is covered when reviewing economic crime and fraud prevention is quite comprehensive. For example, you will usually review such subjects as the principles of revenue, fraud management, the development of effective revenue assurance strategies, auditing, and economic crimes by organisation.

In the course of revenue assurance, you will review the importance of revenue streams to an organisation, as well as how cash flow is affected when fraud management is in place. International Financial Reporting Standards (IFRS) are reviewed and considered too.

Revenue Assurance Strategies :

In a course covering revenue assurance strategies, students learn to construct assurance techniques that will prove to be workable and effective. This type of training also reviews the liaison between management and the revenue assurance stakeholders inside a company. Managing revenue assurance and end-client relationships is also discussed. This part of the training gives students an opportunity to review the process and helps them better perceive the organisation’s role in the development of assurance strategies. International contractual and legal best practise methods are reviewed as well.

When it comes to fraud management, students take an overview of potential occurrences of fraud whilst creating efficient anti-fraud processes and strategies. They also learn to communicate organisational fraud combat techniques to stakeholders. Effective fraud reporting structures are covered as well. Best practice techniques for international fraud combat are part of the course’s offerings.

The Audit Function :

In addition to overseeing the management of risk and developing the proper techniques against fraud, the students review the audit function in combating both economic crime and fraud. The role and structure of the audit committee and audit charter is covered as well. Capturing organisational risk profiles by way of audit outputs is another way financial professionals become better informed about managing fraud, or recognising some of the nuances involved with economic crimes.

Economic crime encompasses such topics as money laundering, off-shoring by way of corporate structures, working with worldwide enforcement agencies, and developing efficient prevention, compliance and detection systems. All these subjects, when presented in seminar training, give financial professionals a lot to think about.

Recent Posts

Business18 hours ago

Can You Use Residential Property for Commercial Use

Having extra income, constantly flowing in can make all the difference in the current economy. Getting creative with how you...

What Do Business Consultants Do What Do Business Consultants Do
Business1 week ago

Running a Business? How to Minimize Supply Chain Issues

Supply chain issues have always been an issue for businesses but over the last few years, the effect and widespread...

Home Improvement2 weeks ago

How to Increase Your House Value Before Selling

Increasing home value is the first step to making your place more attractive for future buyers. Whether you are trying...

General3 weeks ago

Why Calorie Control Is Still The Best Way To Diet

There are a great deal of different options when it comes to dieting, every day there seems to be a...

The Benefits Of Trade Credit Insurance For Your Business The Benefits Of Trade Credit Insurance For Your Business
Business4 weeks ago

The Benefits Of Trade Credit Insurance For Your Business

Trade credit insurance provides cover for businesses who trade on a credit basis. If the people who owe money for...

5 Charming Restaurant Decor Ideas In 2022 5 Charming Restaurant Decor Ideas In 2022
Miscellaneous1 month ago

5 Charming Restaurant Decor Ideas In 2022

Making your restaurant memorable and stand out is a feat worthy of praise. The sheer pressure of wanting to succeed...

Bank Won't Fund Your Business? 4 Loan Alternatives To Get You Started Bank Won't Fund Your Business? 4 Loan Alternatives To Get You Started
Business2 months ago

Bank Won’t Fund Your Business? 4 Loan Alternatives To Get You Started

Businesses typically require some sort of collateral or proof of concept before funding their business venture. However, it is possible...

Planning A Stag Do Planning A Stag Do
Miscellaneous2 months ago

Planning A Stag Do

If you’re a Best Man then you’re in a unique position of responsibility, and before the day itself when you’ll...

Tips to Reduce Eczema Flare-Ups Tips to Reduce Eczema Flare-Ups
Health2 months ago

What Triggers Eczema | Tips to Reduce Eczema Flare-Ups

Eczema is a skin condition that can induce redness, itchiness, and skin inflammation. Its root cause is not fully understood,...

Women's Fashion Trends To Expect In 2022 Women's Fashion Trends To Expect In 2022
Lifestyle3 months ago

Women’s Fashion Trends To Expect In 2022

A new year means new fashion trends. We cannot wait for what is in store in 2022. It seems that...

Home Makeover Trends: Insights from The Pros Home Makeover Trends: Insights from The Pros
Home Improvement3 months ago

Home Makeover Trends: Insights from The Pros

Are you considering a home makeover but don’t know where to start? You’re in luck! In this article, we will...

Interior Design Trends 2022 Interior Design Trends 2022
Home Improvement3 months ago

Interior Design Trends 2022

We all spend time pining over other people’s interior’s on Pinterest or Instagram, but with these trends, it’s easy to...

Top Commonly Overlooked Car Maintenance and Repairs Top Commonly Overlooked Car Maintenance and Repairs
General3 months ago

Top Commonly Overlooked Car Maintenance and Repairs

Maintaining a car is a huge responsibility. There’s a lot that goes into that given how complicated a machine it...

What Is The Difference Between Strata and Property Manager What Is The Difference Between Strata and Property Manager
General3 months ago

What Is The Difference Between Strata and Property Manager

Real estate is a diverse market, and as such, it can be hard to determine the differences between various types...

Sleek Home Upgrades That Will Luxe Up Your Life Sleek Home Upgrades That Will Luxe Up Your Life
Home Improvement4 months ago

Sleek Home Upgrades That Will Luxe Up Your Life

Sometimes we need a vast endeavor to make our home look extravagant and cheek but very often you can implement...

Categories

Archives

Trending