BF178 : Fraud Risk Management for the Public Sector

Programme Objective

This workshop will provide participants with a clear understanding of fraud risk factors that affect the public sector agency’s ability to achieve public accountability in managing, using and maximizing taxpayer’s funds in its delivery of public services.

Participants will achieve a good framework for understanding, analyzing and proposing policies, processes and procedures to mitigate fraud risks within their agencies. Participants will also obtain practical and implementable tips to strengthen the agency’s fraud risk posture.

Programme Outline

Fraud in the Public Sector

• What is Fraud

• High Profile Fraud Cases that have occurred in the Public Sector

• Fraud Statistics – global and local

Fraud Risk Prevention

• Red Flags for Fraud

• Public Accountability Framework

• Policies, Processes and Procedures

• Defence in Depth

Fraud Risk Detection

• Management and internal controls 

• Internal Audit, External Audit and the Auditor-General’s Office

• Whistle-blowing or internal disclosure policy

Fraud Risk Recovery

• Organisational Policies

• Forensic Accounting and Investigations

• External Investigative Agencies

Building a Fraud Risk Resilient Organisation

• Fraud Risk Questionnaire

• Individual mitigating actions

• Organisational mitigation actions

The workshop would include interactive elements such as group discussions and online quizzes and polls (using online tools e.g. Slido or equivalent) to facilitate reflection and encourage participants to learn from one another’s experiences in their respective areas of work.

Learning Outcome
After the course, participants would be able to:

•   Obtain an understanding what is fraud and how it can happen in public agencies
•   Identify ways to prevent, detect and recover from fraud risks
•   Conduct an analysis of the fraud risks within your respective agencies using the fraud risk frameworks
•   Develop a customized fraud risk management approach for your agency
•   Apply preventative, detective and recovery fraud risk measures to strengthen the agency’s posture against fraud risk