Understanding and Minimising Fraud and Corruption
Course Overview
Organisations regularly encounter fraud and corruption when conducting business. In order to prevent the associated negative impacts from escalating or occurring, proactive measures should be taken to understand and minimise fraud and corruption.
This module outlines the key definitions and factors of fraud and corruption in the workplace. Preventative methods are put forward and explained in order to increase awareness for the need to proactively minimise and manage corrupt conduct. At the conclusion of this module, managers should have an in depth understanding of corruption and its impacts, while being able to adopt prevention and reporting measures to minimise this behaviour.
Key Content- Unit 1: What is corrupt conduct?
- What is fraud?
- Risk factors.
- Costs of corruption.
- Unit 2: Conflicts of Interest and Corruption.
- Definition and types of conflicts of interest.
- Situations where conflicts of interest may exist.
- Managing conflicts of interest.
- Unit 3: Preventing Corruption.
- Why does corrupt conduct occur?
- Methods to minimise and manage corrupt conduct.
- Ethical obligations.
- Unit 4: Reporting Corruption.
- Protected Disclosures Act.
- Related policies and procedures.
Learning Outcomes
At the completion of this course, learners should be able to:- Identify the types of, and give examples of what constitutes, fraud and corruption.
- Describe the associated risks and costs of fraud and corruption in the workplace.
- Explain what constitutes conflicts of interest and how to effectively manage them.
- Identify the risk factors of corrupt conduct.
- Implement strategies to prevent and manage corrupt conduct.
- Explain the need to report corruption according to legislation and organisational policies.