Forensic, Fraud and Internal Controls Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Forensic, Fraud and Internal Controls Workshop

Theme: Uncovering Fraud from the shadows

DATE: 28th to 29th November 2019

VENUE: Hilton Hotel, Nairobi Kenya

TIME: 9am to 4pm

Every organization faces the risk of financial loss due to fraud. According the PWC Global Economic Crime Survey, 75% of Kenyan managers have experienced fraud in the last two years. Economic crime continues to be a dominant item on the business agenda, and no industry sector, region or size of business is immune.

Today, fighting fraud has progressed from being an operational or legal matter to a central business issue and has moved front and centre to become a core business issue. Long gone are the days when it was viewed as an isolated incident of bad behaviour, a costly nuisance, or a mere compliance issue. That’s because the scale and impact of fraud has grown so significantly in today’s digitally enabled world. Indeed, it can almost be seen as a big business in its own right – one that is tech-enabled, innovative, opportunistic and pervasive. Think of it as the biggest competitor you didn’t know you had.

This competitor hides in the shadows and one of the most powerful weapons in a fraudster’s armory is a lack of awareness within organizations. It’s time for all businesses to recognise the true nature of this threat: not as just a nuisance or cost of doing business, but a shadow industry with tentacles in every country, sector and function.

Auditors, both external and internal, need to be alert for any red flags that could be indicative of fraud, improper or unlawful expenditure, unauthorized operations, and inefficiency. Last, but not least, auditors need to maintain an in-depth knowledge of fraud and how it can be detected and prevented is essential to maintaining the financial integrity of any organization, large or small.

This workshop promotes discussion of potential ethical dilemmas that auditors may encounter and how to audit the ethical climate of an organisation. It will equip participants with knowledge of:

• Bridging the Divide – How to perform a Fraud Investigation:

• • Navigating the full investigation lifecycle, from initial discovery through completion of the internal investigation
  • Investigating Cyber Threats
  • Identifying the best practices and risks associated with each step in the investigation

• Visualizing Fraud in Your Data – Letting the data tell a story through visualization, predictive models, anomaly detection, pattern recognition and text-mining techniques

• • Determine what data visualization is and how it can be used to prevent and detect fraud
  • Identify the different tools that can be leveraged for data visualization
  • Recognize and apply best practices for data visualization
  • Recognize the benefits of data visualization in preventing and detecting fraud
• Profiling the fraudster: Think like a thief to catch a thief
• • Understanding the mindset of a fraudster
  • Fundamental Characteristics of a fraudster
  • Behavioral Red Flags
• Legal and Regulatory Update: Developments and Trends in Fraud and Investigations         :
  • Assess the role of a forensic auditor in a money laundering case
  • Identify the elements and evidence of money laundering
  • Inspect financial records and trial exhibits prepared by a forensic auditor
  • Prepare for direct and cross-examination testimony
• Contract and Procurement Fraud :
  • Why is procurement a wet areas in terms of fraud
  • Fraud schemes pre, during and post procurement
  • Frauds relating to contracting and contract management,
  • Role of internal audit in preventing and detecting procurement fraud
  • Third-Party Relationships and the Associated Frauds.

• Case Study: The Wizard of Lies: Bernie Madoff and the Death of Trust. Ponzi Schemes

1.0 Target Audience:

Forensic accountants & auditors, Investigators, Auditors, Financial accountants, Risk Personnel, Assessors, ICT Security Experts, Law Enforcement Officer, personnel responsible for detecting, investigating and preventing fraud

2.0 Online Booking

Kindly note that booking for Forensic, Fraud and Internal Controls Workshop is available either online at www.icpak.com/events. Delegates are urged to note that the bookings close on 25^th November 2019 at 1700 hrs

3.0 Your Investment:

The Charges for Forensic, Fraud and Internal Controls Workshop which cover workshop materials, meals, and e-certificates of attendance is as provided under; The charges for the seminar are as follows;

The charges for the seminar are as follows;

Kindly note that the early bird rate applies to delegates who book and pay before 8th  November 2019

4.0 Continuous Professional Development Units (CPD Units)

Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions

 5.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)

International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost

Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs

Special Needs

If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on emma.opiyo@icpak.com

Dress Code

The workshop dress code is Business Formal/ Business Professional

6.0 National Industrial Training Authority (NITA) Reimbursement

The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).

 7.0 Sponsorship’s, Partnership Opportunities & Additional Information

This workshop presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorship’s, exhibitions, advertising and sub-event sponsorship within the major event

The seminar intends to attract over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com

Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.