Internal Audit and Fraud Protection Course

Introduction

In today’s complex and dynamic business environment, organizations face increasing risks related to internal controls, regulatory compliance, and financial integrity. The Internal Audit and Fraud Protection Course is designed to equip professionals with the knowledge, skills, and tools necessary to safeguard organizational assets, ensure transparency, and uphold ethical standards.

This course provides a comprehensive overview of internal audit principles, practices, and frameworks, with a specialized focus on fraud detection and prevention. Participants will explore the critical role of internal audit in risk management, corporate governance, and financial oversight. Through a blend of theoretical insights and practical case studies, learners will develop a deep understanding of how to identify fraud risks, assess internal controls, and conduct effective audits and investigations.

Whether you are an aspiring auditor, finance professional, or compliance officer, this course will help you build a strong foundation in internal auditing while enhancing your ability to protect your organization from fraudulent activity. By the end of the course, participants will be prepared to contribute strategically to their organization’s control environment and foster a culture of accountability and ethical behavior.

Duration

5 days

Course Objectives

By the end of this course, participants will be able to:

• Understand the principles and scope of internal auditing.
• Identify and assess risks of fraud in organizations.
• Design and implement internal controls to mitigate fraud risks.
• Conduct effective fraud investigations and audits.
• Align audit activities with regulatory and ethical standards.

Target Audience Includes:

• Internal Auditors – Seeking to strengthen their ability to assess and improve internal controls.
• External Auditors – Interested in understanding internal fraud risk and detection techniques.
• Compliance Officers – Responsible for ensuring adherence to regulatory and ethical standards.
• Accountants and Finance Professionals – Looking to build fraud awareness and control strategies.
• Risk Management Professionals – Aiming to integrate audit and fraud detection into risk frameworks.
• Corporate Governance Officers – Focused on strengthening oversight and accountability.
• Fraud Examiners and Investigators – Wanting to deepen their knowledge of internal audit processes.

Course Outline

Module 1: Introduction to Internal Auditing

• Definition, objectives, and scope of internal auditing
• Differences between internal and external audit
• The role of the internal auditor
• Types of audits (financial, operational, compliance, IT)

Module 2: Internal Audit Standards and Frameworks

• International Professional Practices Framework (IPPF)
• COSO Internal Control Framework
• Risk-Based Auditing
• Audit planning and documentation

Module 3: Fraud Fundamentals

• Definition and types of fraud (financial statement, asset misappropriation, corruption)
• The Fraud Triangle (Pressure, Opportunity, Rationalization)
• Common fraud schemes in organizations
• Red flags and behavioral indicators

Module 4: Fraud Risk Management

• Identifying and assessing fraud risks
• Designing and evaluating internal controls
• The role of corporate governance
• Developing a fraud risk management program

Module 5: Internal Controls and Audit Procedures

• Internal control components and objectives
• Audit testing techniques
• Control environment evaluation
• Audit evidence and sampling

Module 6: Fraud Detection Techniques

• Analytical procedures and data analytics
• Forensic accounting techniques
• Interviewing and investigative procedures
• Use of technology in fraud detection

Module 7: Conducting Fraud Investigations

• Investigation planning and execution
• Evidence collection and documentation
• Legal and ethical considerations
• Reporting findings and case management

Module 8: Ethics, Compliance, and Reporting

• Ethical standards and auditor independence
• Regulatory requirements (e.g., SOX, anti-money laundering laws)
• Whistleblower mechanisms
• Communicating with stakeholders and audit committees

Module 9: Case Studies and Practical Workshops

• Real-world fraud cases
• Internal audit reports and critiques
• Group activities and simulation exercises
• Role-playing fraud investigations

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: training@upskilldevelopment.com Tel: +254 721 331 808

Training Venue

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: training@upskilldevelopment.com, +254 721 331 808

Terms of Payment:

Unless otherwise agreed between the two parties payment of the course fee should be done 3 working days before commencement of the training so as to enable us to prepare better.

Online/ On-site (Nairobi, Kenya) Training Schedule