SAIGA's Skills Transfer & Educational Programmes STEPSTM PREVENTING, DETECTING AND MANAGING FRAUD COURSE Course Facts Background and topics covered Please also read the fact sheet of the Foundation Course of the Public Finance Management Programme. During the last couple of years we have witnessed a shift of emphasis from administration to financial management. Legislation such as the Public Finance Management Act places a responsibility on financial managers in the public sector to implement effective, efficient and transparent management. A more transparent system has highlighted the evils of fraud and economic crime which waste scarce resources. Financial managers play an important role in the prevention, detection and correction of fraud and other irregularities. Various managerial tools can be utilised to combat fraud. If properly understood and effectively implemented, internal control systems, various types of audit (internal, external, performance, forensic, etc.) will assist the financial manager in exercising his/her duties. Financial managers therefore need to understand how and when to apply these tools, their strengths and weaknesses, and the extent of their usefulness. The manager also needs to understand how the respective tools will help prevent, detect or correct fraudulent activities. Because fraud is committed by employees and outsiders the effective financial manager must have the ability to balance personal preconceptions and suspicions with the due process requirements of employment and criminal law and appreciate the difference. This four-day course titled "What Financial Managers should know about Fraud" is designed to train accountants, financial managers and officials in the above disciplines. The course is presented by various experts in their respective fields and is presented through lectures and case studies facilitating class-interaction and learning. Lectures are complemented by notes with references to supplementary reading and study material. This course is specifically designed from a public sector perspective. The target audience consists of financial managers, financial officials, internal auditors, and other role players in the accountability chain. All office bearers who have to deal with fraud in a financial environment will benefit from the concepts explored in this four-day workshop. The Public Finance and Management Act requires all public entities and departments to ensure that they develop and maintain effective and efficient systems of financial and risk management and internal control. They also have to develop and maintain a system of internal audit under the control and direction of an audit committee; prevent losses resulting from criminal conduct and take effective and appropriate steps against perpetrators. This clearly highlights three major areas of management focus: procedures to deal with fraud internal control & risk management (ICRM) internal audit and audit committees The development of a Fraud Prevention Plan should not be seen as an isolated exercise as it forms an integral part of various other management activities such as the risk assessment and an overall fraud prevention strategy. This course is also designed to empower participants to approach the development of a Fraud Prevention Plan within the above-mentioned context and to incorporate best practices to develop a unique Fraud Prevention Plan for their organisation. Contents As for all courses which form part of the Public Finance Management Programme, the content is designed around and based on the requirements of the Public Finance Management Act. This way SAIGA assists with the implementation of the Public Finance Management Act. Topics dealt with in this course include: The key elements of fraud and common white-collar offences. The process of corruption: fraud schemes: cash, accounts receivable, inventory, purchasing, investment, fixed assets and payroll. Developing a fraud policy. Prevention of fraud and pro-active auditing; red flags. From risk assessment to internal control to fraud prevention The elements of a fraud prevention strategy. Fraud prevention, detection & correction: internal control considerations The Fraud Prevention Plan within the context of the Public Finance Management Act and Treasury Regulations Generic elements of a Fraud Prevention Plan Steps to develop a Fraud Prevention Plan Increasing fraud awareness and making the staff accept co-ownership of the plan. Implementing Fraud Prevention Plan Fraud report writing. The forensic investigation process: basic steps, witness and forensic interviewing, taking statements, interrogation, preparing a case, collecting and safeguarding evidence. Search and seizure and various aspects of criminal law. Course content may be adjusted and the emphasis changed depending on feed-back from participants. The course strikes a balance between management skills and the conceptual knowledge required to deal with fraud. Case Studies form an integral part of the learning experience. Professionals associated with a forensic and investigative accounting firm present the course. Booking and cancellation policies Bookings Since only a limited number of participants can be accommodated, bookings will be handled on a first- come-first-served basis. To avoid disappointment submit your registration as soon as possible. Changes / cancellations: Tax invoices will be issued (faxed and posted) on receipt of your booking. Once a tax invoice has been  issued the department/delegate will be held liable for payment of the full course fee.  No refunds can  be made, but alternative delegates (substitutes) may attend the same course at no extra cost. All  booking changes or cancellations are charged at R1,539 (R1,350 plus 14% VAT) per delegate booking.  No cancellations or changes in booking will be accepted if not received in writing at least 5 working days  before the course. Invoices must be paid before the course starts. No certificates will be issued if  payment is outstanding. Outstanding payments incur 2% interest per month. Due to the minimal  information which banks provide in respect of direct deposits, participant have to fax their deposit slips  / electronic transfer slips to the Secretariat and state the invoice number/(s) to which the deposit  refers. As required by recent legislation, VAT numbers have to be provided with registration. The  Institute reserves the right to cancel a particular course due to unforeseen circumstances e.g.  insufficient bookings or unavailability of venues (in the last few years, only a few courses had to be  cancelled). In such event, participants will be informed at least two weeks before the scheduled course  date of such cancellations. Participants who have paid their fees will receive full refunds in the event of  SAIGA cancelling a course (SAIGA's liability in such event is limited to this refund). * To register for this course, or any other course, kindly complete one of your REGISTRATION FORMS
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