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Claudelle von EckChief Executive Officer of the IIA SA

Fraud Risk Management (FRMC) -26-28 June 2017
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The IA role has expanded into Fraud investigations as well. The IA may be called upon to investigate Fraud suspicion or actual fraud happenings. Thus it is important for the IA profession to have a good grasp of Fraud Risk as to what it constitutes, how and when it may happen and to assist in preventing it from happening.

2017/06/26 to 2017/06/28
When: 26-28 June 2017
Registration starts at 8:00am
Where: Corporate Conference Centre
101 Edward Drive
Johannesburg, Gauteng 
South Africa
Contact: Project Coordinator: CPD and Events

Online registration is closed.
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Untitled Document

Presenter/s: Logan Govender
Duration: 3 Days
CPD Hours: 24
ex VAT
incl VAT
R6 175.44
R7 040
  R7 485.97
    R8 534



The first step in combating fraud crime is to create the organisation setting that is conducive to embrace Fraud Prevention Plans and Polices to be implemented successfully were sound anti-fraud culture and strong ethical behavior can become a reality. Without this step any Fraud Prevention Plan and its supporting Anti-fraud Policy implementation will not succeed.


This course covers the above to the extent that will leave the IA profession knowledgeable in the Fraud Risk area to undertake their expanded role with more confidence. 



  • Demonstrate an awareness of fraud and corruption risk areas in the business environment.
  • Demonstrate an awareness of the values and ethical codes of the business
  • Demonstrate an awareness of the policies in place, indicators that may be observed, in the detection, reduction and prevention of fraudulent and corrupt actions


Introduction to Fraud Risk 

  • Overview of Risk and Fraud Risk
  • What Is the known/reported statistics on Fraud Risk
  • Overview on Risk reduction strategies
  • Overview of the appropriate organization setting to deter/prevent fraud risk
  • The need for IA to have a good grasp of Fraud Risk

Statistical Overview

  • How widespread is Fraud Risk


  • Defining, describing and understanding corruption
  • How wide spread is corruption in South Africa (Corruption Perception index)?  
  • Strategies to detect corruption
  • About the National Anti-Corruption Forum (NACF)

[Group Work: Case Study – analyse and feedback]

Asset Misappropriation

  • General Overview of Asset Misappropriation
  • Asset Misappropriation Schemes, Cases and examples

Organised Crime Syndicate, Schemes and Scams

  • What are Organised Crime Syndicate, Schemes and Scams
  • What are the major crime syndicates globally and in SA
  • What is in place to combat Organised Crime Syndicates? What is the role of the Financial Intelligence Centre (FIC)
  • What are the different type of Schemes and Scams practiced by the Syndicates?

[Group Work – Questionnaire review against model answers]












Cheque Fraud

  • What is cheque fraud and how does it happen?
  • Cheque fraud prevention

 Financial Statements

  • Overview if Financial Statement Fraud
  • Fraudulent Financial Reporting
  • Determining Financial Statement Fraud – Red flagging
  • Sarbanes/Oxley Act
  • Reducing Financial Statement Fraud

[Group Work – Questionnaire review against model answers]


Reducing Risks

  • Create the right Organisation setting for effective Risk and Fraud Risk Management as described in COSO Framework
  • Creating the right culture (Values & ethics) and fraud prevention structure, processes and people responsibility to enable fraud risk awareness
  • Essential elements of a Fraud Risk Plan
  • Effective Fraud Policy to drive the Fraud Risk Plan
  • Essential elements of Fraud Awareness strategies
  • Essential Elements of Fraud Detection & Prevention
  • Describing Fraud Indicators

[Group Work – Questionnaire review against model answers]


Summary of Course

  • What did you learn? Score yourselves against the “overall course questionnaire to determine
  • Areas to improve own learning
  • Proposed future learning



Who should attend?


Level 1

Entry or introductory level for those requiring a fundamental understanding of the subject.

Level 2

Internal auditors who are already practicing internal audit and have a basic understanding of the subject

Level 3

 Supervisory/competent/senior internal  auditors: those who already have a      sound, practical grasp of the          fundamentals of internal auditing and manage staff




 A 10% discount applies if 2 or more participants from the same company attend this course.
Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.

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