Are you working in the financial management field? To prevent losing your perspective in this area, it is always helpful to take courses and workshops that sharpen your management skills in your chosen career field. In order to succeed and progress in your career, you need to periodically sign up for corporate management workshops that enhance the skills in your chosen industry.

Sharpen Your Skills in the Financial Business Field by Attending Economic Crime Workshops

One of the areas where managers gain a lot of assistance in sharpening their skills is financial management courses. Financial management coursework can cover a host of interesting subjects today, including finance for non-financial managers, financial analysis, budgeting and reporting, and corporate financial planning. One area that is very important for the financial well-being of banks and financial institutions is economic crime and fraud prevention.

A One-of-a-Kind Workshop

This one-of-a-kind workshop is available at different levels. The basic level is designed for delegates who are directly responsible for the detection and investigation of crimes of an economic nature as well as the prevention of fraud. The course is also recommended for anyone who is looking for skills in this area.

The learning goals established for the workshop include teaching participants about the fraud management strategies and process, and showing them the relationships between contractual frameworks and epswayweb commercial requirements whilst organising end-client relationships. The workshop is also designed to build effective performance agreements and contracts and to remove specific action plans in order to develop each plan’s role and organisational advantage.

Course Content

Course content of the workshop covers such categories as revenue assurance principles and fraud management as well as creating and developing effective revenue assurance strategies. Students therefore learn the importance and effect of revenue streams and the impact of revenue assurance and the management of fraud on a company’s cash flow. IFRS (International Financial Reporting Standards) and their context and application are covered as well.

Students take a further step by learning how to construct effective revenue assurance techniques and to liaison with revenue assurance stakeholders within a company. Workshop participants discover how to manage revenue assurance—a process that reviews and creates a perception of an organisation. Class participants also learn how to efficiently report revenue.

Fraud Management

The area of fraud management entails an overview of potential occurrences of fraud and the creation of an anti-fraud strategy. Learners are advised on how to communicate organisational strategies in order to combat fraud.


Naturally, auditing is an essential area that is covered as well. Students learn about the role of the audit function in preventing economic fraud and crime and what they can do to ensure the objectiveness of the function. Students also learn more about the roles and structure of the audit committee. Audit outputs are also recognised that capture specific risk profiles in an organisation.

Economic crimes by organisations are also covered, including off-shoring by way of corporate structuring, working with enforcement agencies around the world, developing effective detection, compliance and prevention systems, and learning the steps of money laundering.

The Forensic Side of Finance

While it is important to periodically brush up on your financial management skills in corporate financial planning and financial analysis and budgeting, it never hurts to review how economic crimes can affect an organisation, especially today. You don’t want to be left out in the “cold,” so to speak, when it comes to looking at the forensic side of finance. Any manager, whether he works in a bank or business, needs to be updated and apprised about how he can help to circumvent white collar crime in the financial community.

You can take advanced level coursework in economic crimes and fraud detection as well. Knowing all you can in these areas can show your company or financial institution that you are a valuable employee and staff member who cares about the risks for your business or company.

After all, it does you little good to be well-versed in reporting the income and earnings for an organisation without also being able to show them how to prevent any malicious financial acts that lead to theft. Today, with new innovative technologies in place, it pays to be just as knowledgeable about accounting as it is to be well-educated in security.

Once you learn some basics about economic crime prevention and fraud detection, you can step into a more advanced training curriculum. By this time, you will be learning more about cybercrime and its repercussions to businesses and financial entities.

Advanced Learning Techniques

Learning this information in advanced classes enables the student to appreciate and apply revenue and fraud management methods that are advanced and review the skills and goals that were learned in the basic workshop and class.

Cybercrime is covered and provides overviews to such areas as opportunistic e-crimes, sophisticated e-crimes, cyber security defence systems, and data security accreditation. Students learn in this programme that a crime-fighting toolkit is made up of financial analysis, IFRS (International Financial Reporting Standards), risk-based mapping, and certain analysis techniques.

Developing a Viable Line of Defence in the Detection of Crime and Fraud

Developing a defence system is also covered, which includes an overview of electronic defence technologies, integration of internal process controls and technologies, global best practices, and the development of defences against emerging and new financial threats.

Pre-Audit Planning and Sampling

Pre-audit planning, efficient audit sampling techniques, and recording findings during the audit process are also reviewed. Needless to say, when you understand the importance of learning preventative measures in order to combat economic crimes within a company, you come to appreciate your own job better in the financial or management field.

Cybercrime continues to be on the rise, and companies need to be cognisantof their role in this regard. Risk assessment will continue to be an ongoing measure that banking institutions and organisations must take. You cannot conduct business in cyberspace today without looking at the threat it can have on businesses using today’s technologies.


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