This course introduces students to the concept of fraud and fraud risks, that should be an area of focus in the internal audit function.  

Topics that will be included in this course are: The definition of fraud, risks associated with fraud, prevention of fraud with control systems and more.

At the end of this course, students should be able to:

• Describe the concepts of fraud risks and the types of fraud.
• Recognise whether fraud risks require special consideration.
• Evaluate the potential for fraud, identify red flags and determine how the organization detects and manages fraud risks.
• Describe controls to prevent and detect fraud.
• Recognise techniques and the internal audit function’s role in fraud investigation.