Forensic Investigation And Fraud Detection Techniques (E155)

Recent fraud case shows once again the vulnerability of the procurement process. Whistleblowing programmes will to some extend mitigate internal fraud but there is a need to strengthen the process by adopting effective fraud detection protocols in place to uphold ethical and professional business conduct.

At the end of the course the participants should be able to:

• Understand the need for proactive fraud detection
• Appreciate the ethical, legal & evidential issues in fraud offences
• Understand fraud investigation methodology
• Apply the fraud detection techniques of GHOST Protocol
• Manage the investigation process according to best practices

Programme Outline:

Information per se will not be sufficient to identify and solve the problem. There is also a critical need to develop the information to establish sufficient grounds for reporting the case. This can only be achieved by conducting proper investigations including the identification of lapses in the system and or any negligence for rectification. 

Fraud Detection Fundamentals:

• Fraud or Corruption prevention fundamentals: Key identifiers, patterns & profiles
• Analytical Investigation Methods (AIMs) in establishing relationship links to identify unethical behavior misconduct, and potential conflicts of interest
• Legal & evidential issues relating to fraud offences
• Professional Ethics & due diligence – improving on the confidence in the whistleblowing system
• Screening & monitoring system (SMS) 3P Fraud analysis method to identify potential fraud
• Fraud detection techniques – GHOST Protocol

Investigation Methology:

Many internal investigations adopting conventional methods are ineffective against fraud. Technology advances allowed fraudsters to capitalize on providing all sorts of fake documents, making it necessary to understand the basics in document examination to identify suspect documents.

The innovative concept of the 5 pistons of an investigation will be applied in the financial investigation context to specifically detect fraud as follows:

• Interview techniques
• Forensic / document examination
• Intelligence
• Industry Knowledge &
• Technology

Investigation Management System

• Preliminary assessment – objective analysis & inquiries
• Follow-up investigations – gathering of evidence & analysis
• Supervision – monitoring the investigation & closure
• Review – identify lapses in processes & supervision
• Documentation – investigation records & report

 
There is always a need for quality control in any product or service provided. This is the same for the internal investigation process. This module will focus on the documentation that is necessary for completing an investigation and ensuring proper investigations conducted as required by the Employment Act. Also included are the best practices (ensuring professionalism & fairness) in preparing your investigation report for submission to your superior, committee or for legal proceedings.