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CONDUCTING AN INTERNAL FRAUD INVESTIGATION UNCOVERING FRAUD IN

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					The International Leader in Audit and Information Security Training

EARN 37 CPE CREDITS

CONDUCTING AN INTERNAL FRAUD INVESTIGATION
Proven Fraud Investigation Techniques for Auditors Dates: 21st - 22nd May 2007, Amsterdam

THE NETHERLANDS UNCOVERING FRAUD IN CORE BUSINESS FUNCTIONS
High-Payback Fraud Areas Dates: 23rd - 25th May 2007, Amsterdam

COURSE DIRECTOR LEONARD W. VONA
By attending this week of fraud training you will be able to: Provide assurance to your board of directors that controls are in place to prevent fraud Build a fraud risk assessment to link the COSO control model and your annual audit plan Pinpoint the areas most prone to fraud and learn the red flags of fraud as early as possible to minimise damage Implement and develop audit procedures to increase the likelihood of discovering fraud, including data mining Case Studies throughout will illustrate and enhance your learning

“Brings a wealth of real life experience relevant to the topic”
Auditor, Ceska Sporitelna

“Very good course, all internal auditors need to attend”
Global Audit Manager, Tetra Laval International

WWW.MISTIEUROPE.COM

SEMINAR FOCUS AND FEATURES
Conducting an Internal Fraud Investigation
22nd - 23rd January 2007, Amsterdam
In this timely two-day seminar you will learn how to perform all the critical elements of the fraud investigation process. You will detail your responsibilities as an auditor involved in a fraud investigation, gain techniques for analysing fraud, and pinpoint the pitfalls to avoid. You will gain tested strategies for planning for the fraud investigation, building your investigation plan, and conducting the investigation. You will get tips on what to look for when conducting the fraud interview and when examining forensic documentation. You will explore types of evidence and examine the protocol for collecting electronic evidence. Throughout the seminar, case studies and exercises will reinforce what you learn.

CONDUCTING AN INTERNAL FRAUD INVESTIGATION
DAY 1 Introduction to Fraud Investigation
Understanding the language of the legal community What exactly is fraud The legal elements of fraud? Fraud terminology Forensic accounting Fraud auditing vs. fraud investigation CPAs professional responsibilities Skills needed to perform forensic investigations Avoiding the pitfalls in investigations

DAY 2 Forensic Document Examination
Collecting and preserving documentary evidence Tips on forensic document examination Types of falsified documents Approval signature forgery

Conducting Fraud Interviews
Purpose of the interview Interview skills and methodology Types of witnesses Physical setting considerations Do s and don ts of Interviews Memory recall Types of interviews Conducting the fact-gathering interview Conducting the confession interview Components of a confession Legal considerations in interviews Kinesics and the interview process

Key Legal Definitions
Bribery, graft, and corruption Conspiracy Fraud and false statements Embezzlement and theft False claims and contracts Planning for the Fraud Investigation Reasons for conducting an investigation How to evaluate allegations of fraud Investigating or defending legal actions Objectives of the investigation Investigation processes Starting an investigation Strategy for conducting fraud investigations How to develop the preliminary fraud theory Understanding legal defenses to fraud Effective techniques for analysing fraud Building the Fraud Investigation Plan Identified fraud risks Connecting the audit approach to the investigation Implementing fraud investigation procedures Proving intent through fraud concealment

Writing the Investigation Report
Guidelines on writing the report How to illustrate damage calculations How to avoid the pitfalls of legal language Correlating the law to the findings Reporting on fraud allegation Fraud report for legal council

Understanding the Types of Evidence
How to use direct evidence How to use circumstantial evidence Legal issues associated with collecting evidence Key evidence terms

Electronic Evidence
What you need to know about electronic information Protocol for collecting electronic evidence E-mail and meta-data Electronic evidence issues Key court cases involving electronic evidence Best practices for seizing electronic data

Conducting the Investigation
Fraud investigation team Skills for conducting the investigation Selecting the right investigation theory Preparing your work papers What you should do when fraud is suspected Avoiding the investigation pitfalls

Advanced Investigation Topics

COURSE DIRECTOR
Leonard W. Vona
Leonard W. Vona is a financial investigator with more than 29 years of diversified auditing and forensic accounting experience, including a distinguished 15-year private industry career. His firm advises clients in areas of litigation support, financial investigations, fraud prevention and income taxes. Mr. Vona has successfully conducted more than 100 financial investigations for some of the largest high-profile corporations in the United States. The net result of his efforts has saved clients millions of dollars through recovery or defence strategies. His financial investigation experience includes embezzlement, economic damage, asset theft, bribery, intellectual property, and various disbursement schemes. Mr. Vona’s trial experience is extensive, including appearances in federal and state courts. He is qualified as an expert witness, and has been cited in West Law for the successful use of circumstantial evidence.

How to search for hidden assets Indirect methods of proof Circumstantial evidence techniques Covert investigation techniques

Prerequisite
You should have first attended Fundamentals of Internal Auditing, or have equivalent experience

Learning Level
Intermediate

Who Should Attend
Financial, External, Internal, Financial and Operational Auditors; Corporate Security and Investigators; Risk Management Personnel and Line Managers who need to gain an understanding of the growing risks of fraud.‘

Fee
GBP £1,175

Earn 15 CPE’s
' MIS Training 2007

UNCOVERING FRAUD IN CORE BUSINESS FUNCTIONS
DAY 1 How and Why Fraud Is Committed
What constitutes fraud How motive, opportunity, and benefit impact fraud detection Fraud theory Cost of fraud Traits of the fraudster How frauds are committed and concealed Indicators of fraud The fraud scheme approach

SEMINAR FOCUS AND FEATURES
Uncovering Fraud in Core Business Functions
23rd - 25th May 2007, Amsterdam
Core business functions offer abundant opportunities for undetected fraud. In this eyeopening, three-day seminar you will pinpoint the areas most prone to internal fraud and identify key indicators of potential crime. You will focus on the expenditure, revenue/cash receipts, treasury, inventory, travel expense, contract, payroll and HR, computer, marketing, and outsourced functions as targets for fraud...and high-payback audits. You will cover the methodologies used by those who would do you harm and focus on the red flags that signal the need for an investigation. You will learn how to implement and develop audit procedures that will increase the likelihood of discovering fraud, including data mining. You will also find out how to connect fraud analysis to PCAOB standards. Throughout this seminar, case studies will illustrate and enhance what you learn.

Contract Fraud
Revenue and royalty frauds Fraud in government contracts False billing schemes in cost-plus contracts Investigation steps

Fraud in the Outsourced Function
Specifications and the fraud cycle Indicators of fraud Vendor audit programmes Risk points with professional providers

How to Conduct Fraud Audits
Audit approaches compared How fraud is concealed 10 steps to conducting a fraud audit Sampling plans designed to detect fraud

DAY 3 Fraud in the Payroll and Human Resource Functions
Major fraud schemes Commission, bonus, and performance frauds Fraud in the payroll office Qualification/identity fraud Fraud in the fringe-benefit cycles

PCAOB Standards
Key standards review Performing and planning the audit Control assessment requirements Testing and design effectiveness Connecting fraud analysis to PCAOB standards

Computer Fraud for the Non-IT Auditor
Computer fraud myths Internet and databases used in the investigation E-commerce risk points How computers are used in frauds Minimising fraud with prevention control points

Data Mining for Fraud
Building the fraud profile Using data mining techniques Designing data analysis routines Data analysis in the interview process Analysing key master files for fraud

Fraud in the Expenditure Cycle
Fraud schemes in the purchasing cycle and red flags to look for How bid rigging occurs Identifying conflicts of interest Indicators of fictitious disbursements Fraud schemes occurring in accounts payable area Internal controls designed to prevent frauds

Management Abuse
Professional Audit Standards for Management Override Where abuse occurs High-profile cases involving management abuse

Fraud in the Marketing Function
Fraud indicators and your ad agency Fraud in marketing promotion programmes

Case Studies DAY 2 Fraud in the Revenue and Cash Receipts Functions: Common Misappropriation Schemes
Skimming, lapping, and adjustments schemes Risk points for diverting cash receipts How to identify the theft and resale of inventory Calculating losses when no audit trail exists Controls to protect company assets Anti-fraud principles for the revenue cycle

Prerequisite
You should have first attended Fundamentals of Internal Auditing or have equivalent experience

Learning Level
Intermediate

Who Should Attend
Financial, Financial, Operational, IT, and External Auditors; Audit Managers; Corporate Attorneys; and Information Security professionals

Equipment and Asset Fraud
How to search for asset fraud Misuse of assets Expenditure design for personal benefit Schemes for converting assets to cash

Fee
GBP £1,695

Travel Expense Fraud
The top three airline ticket schemes Double-billing schemes Fictitious documentation Vendor-related schemes

Earn 22 CPE’s

REGISTRATION FORM

IN-HOUSE TRAINING
Save up to 50% on training
Tailored Training for your team and Save up to 50% If you have to comply with Sarbanes-Oxley, just installed a new ERP system, recruited new staff - or maybe you are keen to secure your network, take preventative measures to counteract fraud or comply with the latest legislation. Either way if you have 5 or more people who require training on the same topic, MIS can tailor training courses to meet your exact We charge per day and NOT per participant so the cost remains the same regardless of how many people you have in your team.

Fraud Week
(please photocopy form for additional delegates)

Please quote reference WEB 5 easy ways to register
Tel: +44 (0)20 7779 8944 Fax completed form to: +44 (0)20 7779 8293 Email: mis@mistieurope.com Web: www.mistieurope.com Post completed form to: Carlos Doughty, MIS Training, Nestor House, Playhouse Yard, London EC4V 5EX UK

21st - 25th May 2007, Amsterdam GBP £2,583 (SAVE OVER £250)

With In-House Training You Will:
Save money over public seminar fees in addition to savings on travel and accommodation costs. Save time on travel as the instructor will travel to you. Furthermore, the training can be held at the most convenient time for you. Ensure the relevance of the seminar for your organisation and industry. You may wish to tailor the structure and methodology of your seminar or customise the seminar to meet the expertise levels of your attending employees.

Conducting an Internal Fraud Investigation
21st - 22nd May 2007, Amsterdam GBP £1,175

Uncovering Fraud in Core Business Functions
23rd - 25th May 2007, Amsterdam GBP £1,695 £ £

- 10% discount* + VAT @ 19% Grand Total

*Discounts: Government, 10% off regular fees; Groups of 3 or more, 10% off regular fees; Attend both courses, 10% off regular fees. Discounts can not be used in conjunction with each other. Fees must be paid in advance of the event.

Customer Information
Title Title/Position E-Mail Address (Required) Address Country Telephone Postcode Fax First name Surname Organisation

Please send me information on: Fundamentals of Internal Auditing, 4th-6th June 2007, London Action Centred Internal Audit Management, 7th-8th June 2007, London In House Training

Registration Information
(fees must be paid in advance of the event)
Accommodation: MIS Training has negotiated special accommodation rates at hotels in Amsterdam. For further information please call +44 (0)20 7779 8944 or email mis@mistieurope.com Cancellation Policy: Should a delegate be unable to attend, a substitute may attend in his or her place. Cancellations received within 21 working days of the event are liable for the full seminar fee. If full payment has been received you are eligible for a 75% reduction on the next run of the seminar. This discount will be valid for one year only. MIS reserves the right to change or cancel programmes due to unforeseen circumstances. VAT: All delegates attending are liable to pay VAT. After the event organisations registered for VAT in the UK may reclaim the tax. Delegates from outside the UK but within the European Community may also be able to reclaim the VAT. Organisations outside the UK should check with their excise authority as to which domestic fiscal regulations apply. High Yield/No-Risk Guarantee: Attend these workshops and receive tools and techniques that will help you do your job better. If you do not, simply tell us why on your company letterhead and we will give you a full credit toward another programme.

The information you provide will be safeguarded by the Euromoney Institutional Investor PLC group whose subsidiaries may use it to keep you informed of relevant products and services. We occasionally allow reputable companies outside the Euromoney Institutional Investor PLC group to contact you with details of products that may be of interest to you. As an international group we may transfer your data on a global basis for the purposes indicated above. If you object to contact by telephone , fax , or email please tick the relevant box. If you do not want us to share your information with other reputable companies please tick this box .

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