Our Fraud Awareness Training Courses
There are many different types of fraud. It is important to have a thorough understanding about fraud, its primary motivators, red flags to suggest fraud and how to identify and report suspected fraud. Our Fraud Awareness... Read More »
Specially developed to appeal to a global audience, our Fraud Awareness (Global) eLearning course is perfect for organisations looking to offer employees a general introduction to fraud awareness and prevention. The course... Read More »
It is important to safeguard your business and individual reputation by following processes designed to stop supplier fraud. Our Detecting and Reporting Fraud short eLearning course explores how supplier fraud can be detected... Read More »
This online training course on collusive bidding looks at how it enables supplier fraud and what it means for you and your organisation. It is set in out engaging Take 5 microlearning style and is designed to maximise learner... Read More »
This online training course on bid suppression is presented in our engaging Take 5 microlearning format. It explores bid suppression as one aspect of supplier fraud and what it means for the learner. The course pits the learner... Read More »
False invoices can cause businesses many problems. Spotting them when they arrive is key to avoiding this issue – but that is sometimes be easier said than done. Fraudulent companies can go to great lengths to make... Read More »
This online training course on leaking bid information explores how supplier fraud can occur if bid information is leaked and focuses on recognition and prevention. The course is designed to raise awareness around competition... Read More »
Supplier fraud may not always be as obvious as colluding on prices, falsifying invoices or creating fake suppliers. There are more subtle ways suppliers, or criminals impersonating a supplier, can secure a business advantage... Read More »
Our Tackling Tax Evasion short course helps learners understand how to tackle tax evasion both at home and abroad and how to spot red flags that suggest tax evasion is happening. It also explores how to properly report suspected... Read More »
Tailoring: You can tailor all of the courses in this topic using the free Adapt Authoring Tool.
Fraud Awareness Training FAQs
Why is Anti Fraud Training so important?
Part of the reason why fraud can go undetected and unreported for lengths of time is the fact that it can occur in so many different forms. Usually, though, fraud will fall into three categories: asset misappropriation (stealing or misusing company resources and/or cash), financial statement fraud (misrepresenting information on company financial reports), and corruption (using one's own or the company's influence for personal benefit).
Everyone in the organisation should be made aware about these different types of fraud and what the red flags are for each.
Effective fraud awareness training is critical when it comes to the prevention and detection of fraud in the workplace. Whilst it's true that no-one likes to think their employees or colleagues are capable of committing a fraud offence, ensuring that a proper anti-fraud training plan is put in place is far easier and more effective than trying to recover losses after fraud has taken place. Remember, prevention is key when it comes to corporate fraud.
The cost of Corporate Fraud in the UK in 2019 is estimated to be an astonishing £193 billion.
Private sector fraud accounted for the vast majority of this, losing £144 billion across SME's and large enterprises alike. The major types of fraud that this included were: Procurement, including false invoicing and contracts awarded in exchange for bribes (also see our Anti-bribery and Corruption courses), Payroll, Mortgage Lending and Insurance.
The public sector is far from being averse to fraud, losing some £37 billion in 2016 through tax fraud (£15 million), accounting fraud and an ill-afforded £2.5 billion worth of fraud in the NHS.
What is Fraud Awareness training?
Fraud awareness training educates members of staff about the threat of fraud and the ways in which it can damage organisations. This sort of training will typically provide examples of different sorts of fraud (e.g. bribery, false accounting, insurance fraud, and so on) and discuss how to identify them and the specific warning signs and prevention methods for each. Fraud awareness requires everyone in the organisation to remain vigilant against fraudulent practices and is an ongoing process that will often involve refresher training and reinforcement.
Fraud Training Courses
Detailing exactly what constitutes fraud and what the motivations behind fraud could be, our forty-five minute long Fraud Awareness online training course is designed to help employees spot the signs of fraud, and also how to investigate and report suspected cases of fraud. This information is particularly useful for your business's fraud prevention programme, since most organisational fraud is detected following tips and whistleblowing from fellow employees.
Fraud Awareness Microlearning and Short Courses
Our Tackling Tax Evasion short-course is designed to empower employees by educating them about the signs of tax evasion, e.g. false invoicing and hidden expenses, and what to do if they suspect tax evasion practices taking place.
We also offer a selection of Fraud Awareness microlearning courses, which are ideal to supplement your anti-fraud training and perfect for keeping matters of compliance fresh in the minds of your employees in an engaging and memorable format. Click on the courses below for more information:
All our fraud awareness training courses are available off-the-shelf for ease of use; we can also work with your subject experts to tailor the approach and information to suit your organisation's requirements. Using the Adapt Authoring Tool you can even modify our courses yourself.