Fraud & Corruption Auditing
SPECIALIZED SEMINAR IN BUCHAREST
Thursday June 6,2019 & Friday June 7,2019. 9:00 – 16:00
HOTEL BERTHELOT BUCHAREST
FRAUD & CORRUPTION AUDITING
FRAUD & CORRUPTION DETECTION, PREVENTION & DETERRENCE
14 CPE’ s
Who should attend?
The seminar will be helpful to all officers and staff working in Internal Audit Units (Chief Audit Executives, Audit Directors, Audit Supervisors, Audit Managers, and Staff Auditors), officers working in Compliance and Legal Units, Line Managers, External Auditors and Audit Committee members.
Fraud and corruption impacts negatively most organizations in terms of financials, reputation and psychological. There is no doubt that instances of fraud in all sectors show an increasing trend, particularly in key financial/operational areas such as procurement. As a threat to business, fraud must rank as one of the key risks to be managed.
Fraud encompasses a wide range of illicit practices and illegal acts involving intentional deception or misrepresentation. The Institute of Internal Auditors’ International Professional Practices Framework (IPPF) defines fraud as: “… any illegal act characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the threat of violence or physical force. Frauds are perpetrated by parties and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage.”
Corruption” is defined as being a dishonest activity in which a director, executive, manager, employee or contractor of an entity acts contrary to the interests of the entity and abuses his/her position of trust in order to achieve some personal gain or advantage for him or herself or for another person or entity, e.g. false invoicing, material and deliberate misstatement of accounting information, secret commissions, collusive tendering, tax evasion, engaging in misleading and deceptive conduct.
All organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets. Publicized fraudulent behavior by key executives has negatively impacted the reputations, brands, and images of many organizations around the globe.
Konstantinos P. Triantafyllidis, CIA, CFSA, CCSA, CFE
Past President of the Greek Institute of Internal Auditors (IIA Greece) for the period 2003-2008.
Mr. Konstantinos Triandaphilidis was born in Athens in 1958. He is married and has two children. He is a graduate of the Athens Economic University in Economic Science and holds an MBA in Banking.
He is currently an Internal Audit consultant while he has over 30 years’ experience in external auditing, internal auditing in the banking sector and as Internal Audit Manager in various subsidiaries of Greek Banking Groups. Additionally he has obtained significant further training in Internal Control Systems, Internal Audit and Risk Management and international best practices in auditing in Greece and abroad.
He is a Certified Internal Auditor (CIA), a Certified Financial Services Auditor (CFSA) and possesses the Certification in Control Self-Assessment (CCSA). Furthermore he is a Certified Fraud Examiner (CFE) and Accredited Valuator of the Audit Activity by the International Institute of Internal Auditors (The IIA) a field where he is very actively involved. He is member of the External Quality Evaluators of Internal Audit Units of Eurozone’s Central Banks.
He has participated in a large number of international and domestic seminars, conferences and events as an instructor and as a representative of the Greek Institute of Internal Auditors. He has extensive training experience in internal audit topics and serves for many years as exclusive trainer of the Greek Banking Association.
He is the past President of the Greek Institute of Internal Auditors (IIA Greece, 2002-2008) and the official representative of the Greek Institute in the European Confederation of Institutes of Internal Auditing (ECIIA) and served as member of the Audit Committee of the Greek Ministry of Economics.
|• Definition of fraud and corruption|
|• The role and responsibility of the Internal Auditor according to the Standards for the Professional Practice of Internal Auditing|
|• Tools for the fraud risk assessment|
|• Types of fraud|
|• Characteristics of the perpetrator
• Common myths about fraud
• Fraud indicators
|• Common types of fraud (theft, misappropriation of assets, purchase and invoicing, payroll, expenses, inventory and other property, information theft, bribing, conflict of interest, financial statement fraud, money laundering)|
|• Senior Management fraud|
|• Electronic fraud|
|• Identification and investigation methods|
|• Planning the fraud investigation|
|• Fraud interviewing techniques|
|• Fraud audit report|
|• Fraud and internal control systems
• Policies and programs for the deterrence of fraud
• Strategy for the deterrence of fraud
• Fraud risks and controls for prevention
• Understanding corruption – who, why and how
• Cost of Corruption
• Common Schemes, Scenarios and Red Flags
• Government Contracts / Contacts
• Money Laundering
• Elements of an effective anti-corruption and compliance program – Policies / Controls / Training / Monitoring / Response
• Methods to prevent corruption (Tone at the Top, Risk Assessments, Control Activities, Monitoring
• Analysis of real fraud and corruption cases and presentation of a real fraud/corruption audit reports
CONTACT DETAILS: Matina Tsochali Tel.: 0030 210-5284325, fax: 0030 210-3218765 e-mail: firstname.lastname@example.org