Financial Investigations and Fraud Detection (FIFD)
أسس التحقيق المالي وكشف الاحتيال
Overview
Why FIFD?
Who is the course for?
Overview
This project aims to strengthen the internal control and audit functions by providing specialized training to 15 staff members in two core areas: Advanced Financial Investigations and Fraud Detection. Through focused and practical training, the initiative will enhance the team’s capacity to detect, investigate, and report financial fraud, as well as proactively identify and mitigate corruption-related risks.
Why FIFD?
Enhance capabilities to detect, document and investigate fraud cases.
Who is the course for?
- Internal audit and control staff
- Financial auditors
- Accountants
- CLICK HERE for date of next course
- Type: Classroom
- Duration: 24 hours
- Language: English and Arabic
Objectives
- Increase awareness and knowledge of different types of financial fraud and embezzlement.
- Equip participants with investigative tools and techniques for identifying and addressing fraud.
- Strengthen participants’ skills in preparing professional investigation reports.
- Enable the audit and control team to assess risk environments and apply proactive audit methodologies.
Sessions
- Definition and Key Concepts of Fraud
- The Fraud Triangle: Pressure – Opportunity – Rationalization
- Distinguishing Between Fraud and Error
- Overview of Legal and Regulatory Frameworks (Local and International)
- Document and Record Forgery
- Conflict of Interest
- Bribery and Corruption
- Embezzlement and Asset Misappropriation
- Procurement and Payroll Fraud
- Analysis of Common Schemes through Real-Life Case Examples
- Behavioral Red Flags in Individuals
- Transaction-Level and Process-Related Warning Signs
- Weak Internal Controls as Enablers of Fraud
- Developing Proactive Early Detection Strategies
- Analytical Review and Ratio Analysis
- Trend Analysis and Transaction Testing
- Practical Application of Benford’s Law
- Identifying Anomalies and Inconsistencies in Financial Data
- Hands-On Exercises using Sample Datasets
- The Step-by-Step Process of a Financial Fraud Investigation
- Planning and Scoping the Investigation
- Types of Evidence: Physical, Electronic, Testimonial, Documentary
- Principles of Evidence Handling and Maintaining Chain of Custody
- Preparing for Interviews (Suspects, Witnesses, Whistle-blowers)
- Effective Questioning Methods and Interview Styles
- Legal and Ethical Considerations
- Managing Non-Cooperative or Evasive Subjects
- Roles and Responsibilities within the Investigation Team
- Coordination with HR, Compliance, and Legal Departments
- Ensuring Confidentiality and Whistle-blower Protection
- Handling Sensitive or Politically Exposed Cases
- Structure of a Professional Investigation Report
- Writing Clear, Objective, and Evidence-Based Findings
- Formulating Actionable Recommendations for Management
- Using Reports for Disciplinary or Legal Action
- Communicating Findings to Stakeholders and Leadership
- Team-Based Mock Investigation Exercise
- Review of Sample Documents and Transactional Data
- Conducting Simulated Interviews
- Drafting and Presenting a Summary Investigation Report
- Group Feedback and Guided Discussion
Prerequisites
N/A
Meet the Trainer
Firas AbuQtaish
Certified Risk Management Assurance (CRMA)-issued by the IIA
Certified Internal Auditor – CIA issued by the IIA
Certified risk specialist (CRS) – Issued by Interfima
Head of the Risk Management – Palestine Investment Bank
