COURSE NAME:: Financial Planning and Control, Fraud Investigation and Prevention Strategies
COURSE BACKGROUND:: Financial Planning and Control,
fraud Investigation and Prevention
Strategies to Combat Corruption in
the Industry implies that there is
corruption in the industry that
needs to be checked and stopped.
Today, millions around the world
continues to suffer from the
financial crisis and economic
meltdown. The fallout from this
crisis has lifted the veil of secrecy to
expose widespread wrong financial
planning and control and corruption
However, some of you will not
appreciate the relevance of this
program especially if you hold the
view that your company is free from
financial recklessness and
However, this course
suggests that your company is at
risk, and so too are the employees,
all other members of staff and
shareholders, if one employee is
corrupt or if persons or other
companies with whom your
company does business are
Increasingly, Management are
taking the lead and not waiting for a
case to be made to strengthen
financial planning and control to
combat corruption in companies.
They recognize that there is a growing business case for
companies to fight corruption.
However, sometimes management
has to be pushed in that direction
and the domestic and international
regulatory frameworks to which It
referral are often the external
catalyst driving that change.
Interestingly, however, is the push
that comes from non-regulatory
sources e.g. the company's
investors and potential investors
who today are demanding more
information about corporate risk
because investments suffer when
companies are shown to have
engaged in corrupt practices. By
extension, countries also suffer and
ordinary citizens pay a heavy price.
As a result, the general public too,
many of whom may be customers,
has come to expect greater
transparency, accountability and
probity from businesses big and
small. Therefore, management
must recognize that corruption
undermines confidence and
economic growth across the board
and within companies and also
recognize their role in fighting it -
and the risks of ignoring it.
COURSE OBJECTIVES:: At the end of this program,
participants will be able to:
· describe financial planning
· identify financial fraud
· apply prevention strategies in
the organization; and
· find out why fraud occurs
· Meaning of financial planning
· Financial Planning Best
- Meaning of fraud
· fraud Best Practices
· Effect of Fraud
- Financial penalties.
- Loss of reputation.
- Loss of certain licenses.
- Less chance of selection
for doing business.
- Potential debarment.
Governance as a Strategy to
curb Financial fraud
· Corporate Culture as a
strategy to mitigate fraud
· Why fraud occurs
· Managements' role
· Government role
TARGET AUDIENCE:: Accountants, Lawyers, HR Professionals, Engineers, etc
SECTORS:: Upstream, Midstream Downstream, MDAs, Allied Industries
DURATION:: 5 Days