After completing the course, participants will be able to:

• Understand what fraud risk is and why it needs to be managed by
  engaging an entire organization
• Identify fraud schemes and environments where they breed and proliferate
• Develop fraud detection and deterrence techniques, including identifying
  and assessing fraud risk
• Evaluate the resident fraud risk using a comprehensive fraud risk methodology
• Develop tools to enable the organization to mitigate, share, or accept the
  fraud risks identified
  

Day One of the workshop provides an overview for the week-long program.
The program begins with a review of the current business environment,
where fraud risk and profit opportunities collide. The focus then shifts to the
corporate environment, discussing COSO’s 5 and 8-sided risk management
perspectives. Federal legislation, including the Dodd-Frank Financial
Reforms and professional guidance from AICPA and IIA, are also discussed.
Day One also asks a lot of questions, to be answered later on in the week.
These questions include:

• Who is the likely fraudster?
• Who should have a seat at the table when discussing fraud risk?
• What is fraud risk management?
• What are the professional standards governing this process?

After completing this day’s training, attendees will be able to:

• Identify situations and conditions where fraud risk is present and needs to be managed
• Evaluate existing internal controls and make relevant recommendations
  for value-added improvements
• Differentiate roles and responsibilities for fraud deterrence and
  investigation among the board of directors, independent auditors,
  management, and consultants
  
  

Day Two provides an in-depth look at on and off-book fraud schemes,
including signs and symptoms of potential fraudulent events requiring a
response, and an additional look at the controls that can be implemented
to mitigate some of these risks. Participants are also introduced to CAATS
(computer-assisted audit techniques) as a means to identify “data bumps”
which may indicate situations requiring additional inquiry.

Day Three provides participants with hands-on application of fraud risk assessment methodologies and techniques, including participation or facilitation of a brainstorming session compliant with SAS 99’s requirements for audit planning and validating the risk exposures and possible remediation responses. Day three also includes development of a fraud risk heat map, which shows the inherent/residual risk for fraud present within the organization. Day Four continues the discussion into various methodologies and techniques applied in measuring fraud risk and also spends considerable time on developing interviewing skills for risk assessment purposes. These skills include proper question sequencing and structure, interpretation of verbal and non-verbal responses for detecting deceptive behavior, and identifying relevant personnel to interview.

Day Five of the course will examine real world case studies from various
business fields that will tie the previous four days’ content into practical
application.

To be determined

This course is essential for internal auditors and loss prevention professionals,
as well as members of the “C” suite charged with managing fraud risk and
corporate accountants responsible for managing an entity’s finances corporate
controller, for example, or outside accountant). Financial professionals,
including financial and litigation consultants, insurance claims managers,
and financial auditors will also gain from participation in this program.

Please call (800) 677-2009 for dates and locations.
Click here for a list of hotel locations, room rates and reservation information.

Package Pricing
(Before early registration discounts.)...........Non-Member.............Member
Individual Days..........................................................$550......................$495
Five Days of Training......................................................$2,750..................$2,475
CFFA Certification Exam..........................................................$395......................$395
First-Year NACVA Membership
with Training and Exam..................................$300

REGISTER NOW! To register, print, complete, and mail or fax (801-486-7500) the Registration Form to the Consultants’ Training Institute (c/o NACVA). Or print and complete the Registration Form, scan, and e-mail to nacva1@nacva.com or call Member Services: (800) 677-2009. Click here for the Registration Form to print and fax (PDF).

For more information regarding refund, complaint, and/or program cancellation policies, please call our director of Member Services: (801) 486-0600.

Delivery Method	Group-Live
Program Level	Intermediate
Advanced Preparation	None
Prerequisites	Previous training or research on subject matter being taught for CFFA Credential Criteria.
Fields of Study	Specialized Knowledge and Applications	40
Total CPE Hours		40

For more information regarding CPE, Program Levels and Fields of Study please click here.

Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: http://www.nasba.org/