FRAUD CONTROL

& THE COSO 2013

FRAMEWORK
Improving Internal Controls
and Organizational
Effectiveness

20 - 23 FEBRUARY 2017
GRAND MILLENNIUM
KUALA LUMPUR
MALAYSIA

MANAGEMENT
SERIES
COURSE OVERVIEW

YOUR INTERNATIONAL
COURSE FACILITATOR

THIS WORKSHOP CONSISTS OF TWO PARTS:

Part 1: Fraud Control: Preventing & Detecting Fraud (Day 1 - Day 2)

Reports from the Association of Certified Fraud Examiners, major public

accounting firms, the International Monetary Fund (IMF), Transparency
International (TI) and others indicate that fraud and corruption are major global
problems.
While internal auditors must have sufficient knowledge to evaluate the risk of
fraud and the manner in which it is managed by the organization, all employees
should be familiar with fraud risks and how they can support the implementation
of effective controls and antifraud programs. Fraud goes beyond the
misstatement of financial reports; it also includes the misappropriation of assets
and gaining personal gain by harming the organization or others.
The expectations regarding fraud awareness are increasing and employees
should be familiar with revenue, expenditure, inventory, cash, accounts
receivable, journal entries, management override and vendor fraud schemes,
among others.
In general, we must adapt our thinking and methods since fraud at the
organizational level erodes economic value and contributes to the proliferation
of corruption at the macro level. We cannot wait for auditors to detect and
investigate fraud after it has occurred, but also be proactive and help the
organization deter and prevent it.
Course participants will learn the fundamentals of fraud, identify troublesome
conditions and be able to incorporate that knowledge into their process
design, risk assessments and control activities.
Part 2: The COSO 2013 Internal Control integrated Framework (Day 3 - Day 4)

COSOs 2013 Internal Control - Integrated Framework (IC-IF) is a useful tool to

improve an organizations internal control infrastructure while increasing the
likelihood of achieving organizational objectives. In this interactive two-day
program, you will learn how this principles-based approach can be deployed
successfully in your organization. Participants will examine the implications for
business leaders, process owners, managers, and both internal and external
auditors.
Participants will review the differences between the 1992, the 2004 and the
updated 2013 model, the implications on the system of internal controls, and
acquire the tools necessary to effectively design, implement, and evaluate your
organizations system of internal controls. More than that, however, you will also
learn how to look beyond internal controls and use the framework as a
management tool to increase efficiency and effectiveness; enhance corporate
governance and anti-fraud programs; improve risk management processes; and
better manage your external business relationships.
Course participants will acquire the necessary skills to perform an assessment
of their organizations, and learn how to apply the seventeen principles and
their related points of focus.
Tel: +6016 3326 360

Fax: +603 9205 7788

kris@360bsigroup.com

Dr Hernan Murdock
DBA, CIA, CRMA

Consultant & Trainer

Murdock Global Advisors
Dr Hernan Murdock, DBA, CIA, CRMA is president of
Murdock Global Advisors, an internal audit, corporate
governance, and human capital-consulting firm.
Previously, he was the Director of Training at Control
Solutions International, where he oversaw the
company's training and employee development
program.
He is the author of 10 Key Techniques to Improve
Team Productivity and Using Surveys in Internal
Auditing, and has written articles on whistleblowing
programs, international auditing, mentoring
programs, fraud, deception, corporate social
responsibility, and behavioral profiling and
globalization.
His experience includes internal audit and consulting
projects in the manufacturing, transportation, high
tech, education, insurance, government, and power
generation industries.
Dr Murdock is a senior lecturer at Northeastern
University, where he teaches management,
international business, leadership, and ethics, and
frequently teaches courses for MIS Training Institute.
Dr. Murdock has conducted training sessions and
delivered invited talks and conference presentations
at internal audit, academic, and government functions
in the United States, Latin America, Europe, Middle
East and Africa.

EXCLUSIVE TAKEAWAYS:
Workshop Materials: Every participant
receives a copy of the course manuals,
containing an overview of the course,
including worksheets, checklists, examples
and exercises.

COURSE CONTENT:
FRAUD CONTROL
DAY1

What is Fraud?
- Review the key characteristics and types of fraud
- Fraud facts and red flags
- The Fraud Triangle and its implications for managers
Tools
- Review of various tools useful to detect fraud
- Using data analytics and metrics to identify unusual transactions
- Performing a control self assessment

WHY THIS EVENT

This highly experiential exercise-filled learning
brings participants to a greater understanding of
fraud awareness, deterrence, prevention &
detection.

Workshop Benefits:

The Control Environment

- The deterrent impact of a healthy control environment
- Signs of a weak control environment
- Risk factors
- Understanding the risks associated with management override,
segregation of duties and collusion
- Organizational culture, antifraud programs and ways to develop an
appropriate oversight process

Identify Red Flags of Potential Fraud

Fraud Auditing
- How is fraud concealed?
- Key audit procedures to detect fraudulent activities
- Learn proactive techniques and approaches to detect fraud

5 Key Pillars of Fraud Control

Key Tools for Fraud Detection

Self Assessment of Existing Controls
Fraud Auditing Procedures
Proactive Techniques to Fraud Detection
Effective Ethics Training programs
Develop Whistleblowing programs
11 Key Steps to Fraud Prevention

DAY2

The Pillars
- The Five Key Pillars of effective fraud deterrence, prevention and
detection
- Roles and responsibilities
- Ways to improve accountability and follow-through
Auditing Ethics
- Reviewing the Tone at the Top and in the Middle
- Evaluating the organizations ethical climate
- Effective ways to integrate ethics into the organization
- Key elements of effective ethics training programs
Whistleblowing Programs
- How to build and get the maximum benefit from whistleblowing
programs
- Essential components for an effective ethics hotline
- How to find out if the ethics hotline is working as it should
Fraud and Schemes in Selected Business Activities
- Payroll
- Billing
- Procurement Card
- Travel and Entertainment Expenses
Fraud Prevention
- Eleven key management actions to keep fraud away

WHO SHOULD ATTEND

Company Chairman & Directors
Business Directors
Department heads
Internal and external auditors
Compliance officers
Process Improvement specialists
Government regulators
Strategic planners
Corporate Governance personnel
Risk Managers
HR Directors
Legal Counsels & Advisors
Fraud analysts

COURSE CONTENT:
COSO 2013 INTERNAL CONTROL
FRAMEWORK
DAY3

Understanding COSO
- Compare and contrast the 1992, 2004 and 2013 COSO frameworks
- Key concepts and objectives of the control framework
- Components, principles and categories of business objectives
- Fitting the objectives, components and principles together
- Using COSO to identify control and process weaknesses
- Identify opportunities to incorporate COSO IC-IF in process
improvement, corporate governance and anti-fraud programs and
activities
COSO Implementation and Evaluation Tools
- Evaluating COSO attributes in major processes and entity-wide
- Measuring and assessing COSO components at the entity and process
levels
- Understanding the requirements for effective internal controls
- Educating employees about COSO and its value
Objectives
- Categories of objectives
- Characteristics and implications for business leaders, process owners
and external stakeholders
- Using business objectives and metrics to improve operational
effectiveness and efficiency in the short and long terms
Control Environment
- Description and implications for business leaders, process owners and
external stakeholders
- Entity level controls and the importance of a strong corporate culture
- COSO and corporate governance
- How to assess the control environment, and best practices to enhance it
- Review of the five principles of the Control Environment

WHY THIS EVENT

This experiential exercise-filled learning program
helps participants to use the COSO 2013
framework as a management tool to improve
internal controls, increase efficiency and
effectiveness.
The combination of instruction, quick exercises
and reference materials translates to real skills
that can be put to work immediately.

Workshop Benefits:
Identify Control & Process weaknesses
Key Tools to implement & evaluate COSO
Improve Operational Efficiency
Effective Corporate Governance
4 Principles of Risk Assessment

DAY4

Risk Assessment
- Critical business risks and the requirements to design a risk assessment
process effectively
- Risk identification, analysis and evaluation
- Risk assessment at the entity and process levels, and how to apply these
at your organization
- Review of the four principles of Risk Assessment

Design & Implement Internal Controls

Improve Coordination & Communication
3 Principles of Control Activities
Develop Suitable Monitoring Activities
Get handy reference checklists

Control Activities
- Definition and types of hard and soft controls
- How to design, effectively implement and examine internal controls
- Methods of testing and reasons controls may fail
- Review of the three principles of Control Activities
Information and Communication
- Definition and importance of organizational information and
communication
- Breaking down silos and improving coordination throughout the
organization
- Review of the three principles of Information and Communication
Monitoring
- Types and performers of monitoring activities
- Data analytics, KPIs and KRIs as monitoring tools
- Tips, tools and techniques to improve the monitoring activities in your
organization
- Review of the two principles of Monitoring activities

COURSE SCHEDULE

Other topics
- Key elements for effective internal control and its limitations
- The role of judgment in design, deployment and monitoring activities
- Benefits of investing in a robust internal control framework
- Opportunities and challenges
- IT and its impact on internal controls
- Roles, responsibilities and key elements for success

8.00
8.30
10.10 - 10.30
12.30 - 13.30
14.40 - 15.00
16.00

Registration & Coffee/Tea

Workshop commences
Morning coffee/tea
Lunch
Afternoon coffee/tea
End of day

FRAUD CONTROL
& THE COSO 2013
FRAMEWORK

REGISTRATION FORM
Fax: +603 9205 7788
Tel: +603 9205 7772
Mobile: +6016 3326 360

20 - 23 FEBRUARY 2017
GRAND MILLENNIUM
KUALA LUMPUR
MALAYSIA

Email: kris@360bsigroup.com

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IN-HOUSE TRAINING
360 BSI is passionate about providing strategic technical
programs and high potential training solutions across the
region to build personal competencies and organizational
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qualified educator with over twenty years of teaching and
training experience.
Please feel free to mix-and-match topics from the areas listed
below to get the right training content for your staff. Other
topics may be available upon request.

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Effective Communication & Presentations

Negotiating Success & Creating Customer Loyalty
Effective Performance Management
Preventing Workplace Bullying
Effective Technical Report Writing
Information & Document Management & Archiving
Internal Audit & Risk Management

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Hotel Contact Details:

For Room Reservation, contact us for 360BSI corporate rates.

Grand Millennium Kuala Lumpur
160 Jalan Bukit Bintang, 55100 Kuala Lumpur
Tel: +60 3 2117 4899 Fax: +60 3 2142 1441

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FEES

Date:

WORKSHOP #1
USD 1,995

Substitutions are welcome at any time. Please notify us at

least 2 working days prior to the event. All cancellations will
carry a 10% cancellation fee, once a registration form is
received. All cancellations must be in writing by fax or email
at least 2 weeks before the event date. Cancellations with
less than 2 weeks prior to the event date carry a 100% liability.
However, course materials will still be couriered to you.

Thank you for your registration!

PAYMENT DETAILS

(please tick as appropriate)

* REGISTER 3 DELEGATES
AND GET 15% DISCOUNT

Registrations close ONE (1) week before the training dates.

The fees cover lunch, tea breaks, materials and certificate.
Official confirmation will be sent, once registration has been
received.
Participants will need to arrange their own accommodation.
Attire: Smart Casual

WORKSHOP #2
USD 1,995

BOTH WORKSHOPS
USD 3,395

Payment is required within 5 days upon receipt of

the invoice.
Bank transfer:
360 BSI MIDDLE EAST LIMITED
Abu Dhabi Commercial Bank
Dubai Mall Branch, P.O.Box 49124 Dubai, U.A.E

KUALA LUMPUR

20 - 21 FEB 2017

22 - 23 FEB 2017

20 - 23 FEB 2017

The fee does not include any taxes (withholding or otherwise). In case of any taxes applicable
the client has to ensure that the taxes are paid on top of the investment fee paid for the course.
Compliance with the local tax laws is the responsibility of the client.

Account No: 10065721319001

Swift No: ADCBAEAAXXX
IBAN No: AE780030010065721319001

All payments must be received prior to the event date

360 BSI (M) Sdn Bhd (833835-X), Level 8 Pavilion KL, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.