Participants will be able to:
• Define and explain the differences between several kinds of errors, frauds and illegal act that might occur in a financial institution
• Spot and flag incidences of fraud in business operations
• Explain the various auditing standards related to fraud and illegal acts
• Understand the various fraud detection techniques and some extended procedures for detecting fraud
• Recognize the roles which stakeholders play in fraud prevention and control
• Track and recognize changing patterns and trends in fraud
• Comprehend the implications and prevent penalties for non-compliance