How to prevent fraud in business

Delivered online

3-4 hours

Course description

Fraud is the use of deception to make a personal gain for oneself or create a loss for another. This free online course will teach you how to set clear anti-fraud policies and procedures as well as the steps required to guard against fraud. Discover common types of business fraud and personality types of people who commit business fraud to identify early warning signs and mitigate the risk. Enrol today and protect your business against fraud.

Fraud has the potential to disrupt the activity of any business, be it small or big. Small and medium-sized companies are greatly affected when employees or management engage in fraudulent behaviour. Fraud causes partners and clients to lose confidence in your company and it promotes mistrust inside the workplace. In this course, you will delve deeper into the common forms of fraud that exist and the range of strategies for the prevention of fraud. Managers and employees responsible for small and medium-sized organizations should be aware of the red flags for fraud. These are warning signs that may indicate that fraud risk is higher. You will also study the personality types of people who commit business fraud and the indicators of business fraud so as to spot changes in your worker’s behaviour that may need closer attention. Recognizing business fraud is the first step to protecting your business from it.

In the next section, you will discover barriers to creating the anti-fraud culture, how to create an anti-fraud culture, and how to implement anti-fraud policies. You will also get to know the dangers of internet fraud so as to minimize your chances of becoming a victim. The three primary elements of fraud prevention will then be explained. Various tools and techniques available to assess fraud risk and develop a response plan will be highlighted. You will see examples of anti-fraud policies, fraud response plans, a whistleblowing policy, and an anti-bribery policy that you can adopt in developing your own policies and procedures. Find out how to encourage employees to feel confident in reporting fraud, how to promote anti-fraud culture and maintain a zero-tolerance attitude to fraud in your business.

According to data produced by Accenture, 43% of cyber-attacks target small or medium-sized organizations, but only 14% of these organizations are well-protected. Around 60% of successful internet fraud cases are due to phishing emails, and 30% of cases result from identity theft. This enlightening free online course will help you and your organization design clear policies and procedures understood by all employees to mitigate this risk. This course is suitable for business owners, entrepreneurs, senior managers, managers, supervisors, and students in business management who would like to better understand the fraud risks they face and how to prevent them. Why wait? Start learning today and protect your business against fraud!

Learning Outcomes

Upon successful completion of this course you will be able to:

  • Define fraud and lists the common types of business fraud
  • Discuss the personality types of people who commit business fraud
  • Outline steps required to guard against fraud
  • Explain how to create clear anti-fraud policies and procedures
  • Describe the components of a fraud risk management strategy
  • Lists examples of legislation on fraud and bribery
  • Recall the elements of an anti-fraud culture