Fraud is a prevalent risk that can cause significant financial and reputational damage to any company. Understanding the internal vulnerabilities of each organization and becoming cognizant of the specific areas which would therefore be susceptible to fraud is vitally important to mitigating this known risk.

One of the primary responsibilities of corporate management is to mitigate the risk within its organization by conducting fraud risk assessments to ascertain the threat of every potential fraud. It is also incumbent upon corporate management to determine whether the appropriate internal control mechanisms are present within the organization in order to address and resolve these fraud risks. If these proper mechanisms are not in place, the onus is on management to design and subsequently implement the policies, procedures and apparatus that will enable them to reduce the probability of fraud.

Anti-fraud training provides management with a greater insight into the various components of fraud by educating them on how to be mindful of its indicators and becoming increasingly familiar with the typical and most common profiles of fraudsters. Specifically, customized anti-fraud training establishes a fundamental and foundational basis for participants to learn:

  • Areas where corporate management and their specific organization are particularly vulnerable to the risk of fraud
  • Typical fraud schemes commonly carried out in their industry and the ‘red flags’ that can be identified to mitigate this fraud risk
  • Discussions surrounding recent fraud allegations and an examination of noteworthy convictions that continue to impact today’s corporate management culture
  • Current industry trends in risk management
  • Hands-on experience dealing with fraud through a variety of break-out sessions involving exercises to apply the skills that you have developed.

Anti-fraud training from nagel + associates can be delivered live, online or via video conferencing to accommodate multiple departments and/or office locations simultaneously. In order to prioritize the needs and wishes of each organization that participates, the content and focus (broad or specific) of the training sessions as it relates to fraud will be determined solely by them.

The nagel + associates team has worked assiduously with clients in the public, private and not-for-profit sectors to develop customized training programs that take into account the unique character of their organizations. This training focuses on particular accounting cycles (e.g., purchasing or payroll) and also offers general courses that address an extensive range of fraud awareness and prevention topics.

To be most effective, we recommend ongoing training so that all employees reap the benefits, including your most recent hires. Keeping the tools that are acquired at our training sessions top-of-mind will ensure that your employees act expeditiously and expertly when forced to properly manage a perceived threat of fraud. Our experience has shown us that training is an easy and effective way to start the conversation about fraud and to keep complacency out of the boardroom!

Click on the links below to see upcoming training sessions offered by nagel + associates, or to request a custom training course:

To determine whether your organization may benefit from anti-fraud training, click all of the following that apply: