This eLearning course provides essential training on fraud awareness, equipping employees with the knowledge to recognise, prevent, and report fraudulent activity. Fraud is a significant risk for all organisations, and every employee has a role to play in protecting their organisation from both internal and external fraud threats.
The course begins by defining what constitutes fraud and explaining the different types, including asset misappropriation, financial statement fraud, procurement fraud, and expense fraud. It covers the Fraud Act 2006 and the three offences under the Act: fraud by false representation, fraud by failing to disclose information, and fraud by abuse of position. The training uses real-world examples to illustrate each type and its impact on organisations and individuals.
The training addresses the warning signs and red flags that may indicate fraudulent activity, including unusual transactions, discrepancies in records, reluctance to take leave, and lifestyle inconsistencies. It explains the concept of the fraud triangle — opportunity, pressure, and rationalisation — and how understanding these factors can help in prevention.
Practical guidance is provided on fraud prevention measures, including the importance of strong internal controls, segregation of duties, and a culture of transparency and accountability. The course covers the reporting process, including the channels available for reporting concerns, the protections available to those who report fraud, and the importance of acting promptly. Upon completion, learners will understand what fraud is, be able to recognise the warning signs, and know how to report their concerns.
