Anti-Corruption Certification Learning Program

The AACI and in cooperation with its Exam Unit develop anti-corruption certification programs. These programs are innovative in content, design, and delivery. 

Conducted in selected EU countries and the U.S., the primary objective of these programs is enhancing the anti-corruption intelligence of the board members: the target of these programs. Attendance is usually "by invitation."

The AACI coined it to mean the minimum, optimum knowledge a decision maker should have to avoid fraud and corruption intelligently. Such knowledge includes the proper blend of due diligence, internal control, anti-corruption, governance, decision making, process auditing (from a management perspective and duties) to avoid anti-corruption and fraud.

By avoidance, we emphasize the concept of deterrence and prevention. Corruption prevention is less expensive and better than any cure.

The Association of Certified Fraud Examiners (ACFE) 2016 Report to the Nations on Occupational Fraud and Abuse found that the median loss in the Middle East and North Africa amounted to USD 275,000 while the median loss in the U.S. is USD 120,000. 

The report also found that corruption resulted in 57% of the fraud cases in the Middle East and North Africa. Cash on hand, billing, and expense reimbursements schemes used in the Middle East and North Africa were 19%, 15,2% and 11.4% respectively.

Globally, corruption, billing, non-cash, expense reimbursements, skimming, and cash on hand schemes amounted to 35.4%, 22.2%, 19.2%, 14%, 11.9%, and 11.5% respectively.

Though 21.6% of the corruption cases were found in the accounting department, 68.9% were found in the purchasing department. Therefore, most of the corruption perpetrations occur outside the accounting department.

As each entity is exposed to fraud and corruption, studies has consistently showed that organizations of developed countries lose an average of 5% of their revenues.

The Anti-Corruption Principles certification program is an intensive, disciplined, and case-analysis anti-corruption program. It targets decision makers and executive management of the Arab countries' organizations.

The primary objective of the certificate program is to ensure that management masters the principles of anti-corruption. This mastery will help them reduce corruption risks to manageable and acceptable levels, reduce waste and abuse of resources, enhance products and services quality, and improve the organization’s competitive position and increase your net income.

Agenda:

• Day 1
  • What is Fraud? What is Corruption?
  • What Motivates Fraud and Corruption?
  • Introduction to Corruption of Corporate of the World
  • Practice Questions, Case Analysis and Critical Thinking: Improper Tone at the Top
• Day 2
  • Introduction to Financial Statements Fraud
  • Introduction to Contract and Procurement Corruption
  • Introduction to Billing Schemes
  • Practice Questions, Case Analysis and Critical Thinking: Excessive Greed
• Day 3
  • Internal Control: Definition and Categories
  • Internal Control Components: Control Environment
  • Board of Directors and Corporate Governance
  • Practice Questions, Case Analysis and Critical Thinking: Internal Control and Strategic Management
• Day 4
  • Corruption Risk Assessment
  • Elements of Fraud Prevention Policy
  • Design an Effective Fraud Prevention Policy
  • Practice Questions, Case Analysis and Critical Thinking: Identify the Missing Elements of Fraud Prevention Policy

Design:

• Structured brainstorming sessions accompanied by daily case study, critical thinking and analysis and online practice questions.
• On the last day, attendees sit for online learning exam. It lasts for one hour.