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

Autos8 hours ago

4 Reasons to Replace Your Car’s Engine With Performance Parts

Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...

Maximum Power: Update Your Old House For Modern Electrical Needs Maximum Power: Update Your Old House For Modern Electrical Needs
Home Improvement4 days ago

Maximum Power: Update Your Old House For Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health2 weeks ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General3 weeks ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

How To Choose The Best Locksmith For The Job How To Choose The Best Locksmith For The Job
Home Improvement3 weeks ago

How To Choose The Best Locksmith For The Job

The existence of a locksmith is very crucial for society because they help out countless people on a daily basis....

5 Modern Conservatory Ideas To Create A Serene Escape 5 Modern Conservatory Ideas To Create A Serene Escape
General4 weeks ago

5 Modern Conservatory Ideas To Create A Serene Escape

Having a serene and relaxing conservatory is the dream, especially in the summer months. Creating an extension of your home...

4 Different Types Of Lifting Equipment For A Construction Site 4 Different Types Of Lifting Equipment For A Construction Site
Business4 weeks ago

4 Different Types Of Lifting Equipment For A Construction Site

One of the biggest challenges on a construction site is the problem of lifting heavy materials and tools to a...

5 Tips That Can Help Your Business Flourish 5 Tips That Can Help Your Business Flourish
Business1 month ago

5 Tips That Can Help Your Business Flourish

Many, both small and big, businesses were affected by the outbreak of the novel coronavirus, no one was spared. Overnight,...

Why First Aid Training Is Essential For Your Business Why First Aid Training Is Essential For Your Business
Education1 month ago

Why First Aid Training Is Essential For Your Business

Introduction All employers, depending on the establishment, should organize and provide basic appropriate conditions for lunch breaks as well as...

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family
Lifestyle1 month ago

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family

If you are in the market for health insurance, you may be overwhelmed by the many different features and the...

How to Prevent Potential Hazards In A Lab How to Prevent Potential Hazards In A Lab
General1 month ago

How to Prevent Potential Hazards In A Lab

Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...

How to Extend Your UK Spouse Visa How to Extend Your UK Spouse Visa
Travel2 months ago

How to Extend Your UK Spouse Visa

The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...

How Best Is Automation Helping The Retail Industry to Survive? How Best Is Automation Helping The Retail Industry to Survive?
Business2 months ago

How Best Is Automation Helping The Retail Industry to Survive?

“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...

Best Artificial Intelligence Trends to Watch Out In 2021 Best Artificial Intelligence Trends to Watch Out In 2021
Tech2 months ago

Best Artificial Intelligence Trends to Watch Out In 2021

Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Markets & Finance2 months ago

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm

Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...

Categories

Archives

Trending