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.
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.
4 Most Efficient Drainage Systems for Flat Roofs
The matter of drainage is the essential function of your roof. In fact, the very shape of a roof (a...
Google Algorithm Updates to Expect by The End Of 2021
Google’s algorithm updates tend to come with a lot of uncertainty and questions, and getting ahead of them is the...
Cozy Home Office Setup Tips For 2021
Whether you work from home or have set out a place for something you like such as crafting, studying, or...
Garden Party Ideas For Everyone
No one can make “a perfect’’ garden party, but we are all able to throw an amazing one. Of course,...
How To Find Low Competition Long Tail Keywords Using Free Tools
Keywords are the most fundamental and highest ROI activity when it comes to SEM and SEO. Having the right keywords,...
Top Tips For Healthy Family Meals On A Budget
A healthy diet is not very difficult to follow since there is a lot of information available on the Internet...
Tips For Your Morning Skincare Routine
Keeping your skin healthy can come down to numerous things. A healthy diet will be a good start in keeping...
How to Make SEO Work For You and Your Business
The world of search engine optimization has changed a lot, but certain fundamental principles like focusing on target keywords to...
How to Increase Your Vegetable Garden Yield This Year
If you are going thru the effort of planning, planting, caring, and growing your plants, you naturally want to get...
Why Families Benefit From A Family Dentist When Dealing With Oral Health Issues
Oral Health issues can be a source of conflict and stress in families, especially in families with young children. Not...
What Type Of SEO Is Effective?
Every business knows that it takes a huge amount of time and money to maintain a website. However, no one...
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
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
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
Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...
Tech6 years ago
Creating An e-Commerce Website
Tech6 years ago
Design Template Guidelines For Mobile Apps
Business6 years ago
The Key Types Of Brochure Printing Services
Travel9 years ago
Who Else Wants Also Nfl Hat
General6 years ago
Kobe Bryant With His Unique Nba Jerseys
Tech7 years ago
Why Small Businesses Can't Ignore Mobile Technology
Tech6 years ago
Climb Google Using These Checklists
Health8 years ago
Health Supplements For Sports Activities Nutrition