Target Audience

Directors, Senior Managers, Head of Departments and Finance Officers.
Programme Standards

- Maximum 6 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR248 ex VAT per participant.
Fraud Prevention for Business Owners Workshop

By addressing these key topics in a workshop setting, SMEs can enhance their awareness of fraud risks, strengthen their internal controls and cybersecurity defences, and develop proactive strategies to prevent and detect fraudulent activities within their organisations.
Topics Covered

1.  Risk Awareness and Identification: 
   - Understanding the various types of fraud that SMEs may encounter, including embezzlement, financial statement fraud, invoice fraud, and cyber fraud.
   - Recognizing common red flags and warning signs of fraud, both internally (e.g., unusual financial transactions, discrepancies in accounting records) and externally (e.g., phishing scams, identity theft).
   - Assessing the specific fraud risks faced by SMEs based on industry, size, and operational characteristics.

2.  Internal Controls and Fraud Prevention Measures: 
   - Implementing effective internal control mechanisms to mitigate the risk of fraud, such as segregation of duties, dual authorization procedures, and regular reconciliation of financial transactions.
   - Establishing clear policies and procedures related to financial transactions, expense management, procurement, and vendor relationships.
   - Educating employees about fraud prevention best practices, ethical standards, and the importance of reporting suspicious activities through whistleblower channels.

3.  Cybersecurity and Data Protection:
   - Enhancing cybersecurity measures to safeguard sensitive business information, customer data, and financial assets from external threats like hacking, phishing, and malware attacks.
   - Implementing robust authentication methods, encryption protocols, and access controls to protect digital assets and prevent unauthorized access.
   - Training employees on cybersecurity awareness, safe internet usage, and the importance of regularly updating software and security patches to mitigate cyber risks.

4.  Compliance and Legal Considerations: 
   - Understanding regulatory requirements and compliance obligations related to fraud prevention, such as anti-money laundering (AML) laws, data protection regulations, and industry-specific standards.
   - Conducting regular internal audits and reviews to assess compliance with relevant laws and regulations, identify potential areas of vulnerability, and address any deficiencies.
   - Establishing a strong culture of ethics and integrity within the organisation, with clear communication of the consequences of fraud and unethical behaviour, including disciplinary actions and legal repercussions.