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Developing an Effective Fraud Risk Management Program - Webinar

  • ID: 4899557
  • Webinar
  • March 2019
  • Region: Global
  • 90 Minutes
  • Compliance Online
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Why Should You Attend:

The field of risk management has attracted increased mainstream attention in the wake of the economic meltdown as the public has begun to comprehend the negative effects of uncontained risk. Unfortunately, many risk management professionals tend to underestimate the role of fraud in the scope of their professional duties.

With organizations losing an estimated 5 percent of their annual revenues to fraud, the need for a strong anti-fraud stance and proactive, comprehensive approach to combating fraud is clear. As organizations increase their focus on risk, they should take the opportunity to consider, enact and improve measures to detect, deter and prevent fraud. Without clear, defined objectives, a fraud risk management program cannot be effective.

In this course, participants will:

Learn how to set program objectives and define risk appetite as the first step in building the program.
Discuss the steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud.
Review risk management frameworks and will be introduced to the concept of fraud risk, including the factors that influence it.
Learn why businesses should manage fraud risk and who within the organization is responsible for this task.

Areas Covered in the Webinar:

Identify fraud risks and the factors that influence them
Analyze existing risk management frameworks and their application to managing fraud risk
Develop and implement the necessary components of a successful fraud risk management program
Identify the elements of a strong ethical corporate culture
Conduct a cost effective fraud risk assessment
Becoming familiar with common fraud schemes and risks
Identify fraud scenarios and schemes that threaten the organization
Identify red flags and encourage ethical corporate culture
Building a strong anti-fraud policy
Promote fraud awareness to employees at all levels of the organization
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Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients. He has represented and sold many businesses in a number of different industries and has significant experience working with companies in: continuing education, transportation, software and professional services. Mr. Taggart is currently working in the clean energy sector that covers multiple initiatives within M&A and corporate development.

He is a certified merger and acquisition advisor, accredited valuation analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA). His knowledge and expertise also extends to systems such as: Software as a Service (SaaS), and ERP and CRM systems (Netsuite, Salesforce, Sage 100, 500, X3 ERP). Mr. Taggart has been a certified fraud examiner since 2011 and has previously worked at Deloitte with their quality risk management team.

He earned his MBA from the San Diego State University specializing in financial management. Mr. Taggart graduated from the California State University Northridge with a bachelor’s degree majoring in organizational psychology.
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