Preventing Financial Crime

by John Taylor
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Understand the range of financial crimes which can be committed, as well as the motives and profiles of those likely to commit them
  • Gain comprehensive skills in risk management and improve your assessment of risk factors
  • Identify how to properly approach and report financial crimes
  • Know how to influence ethical behaviour and create the right kind of corporate culture

Financial crime can be committed by anyone in an organisation, who is motivated by some need or desire, prepared to rationalise their actions, and thinks they won’t get caught.

Preventing Financial Crime will enable you to understand the various types of financial crime and the controls that can be used to limit the opportunities for fraudsters to commit them. More importantly you will look at how to create the right culture within an organisation to not only discourage collusion in fraud but also to encourage reporting and disclosure.

Defining financial crime

  • What is financial crime?
  • What types of crimes do managers commit?
  • What types of crimes do individuals commit?
  • What does a financial criminal look like?
  • What is money laundering?
  • How prevalent is bribery and corruption?

Organisation wide approaches

  • How is financial crime perpetuated within organisations?
  • How can we build defences?
  • What is inherent risk?
  • What is good corporate governance?
  • What policies and procedures are needed?
  • What is the role of audit?

Risk management and control

  • What is risk management?
  • What approaches exist to risk management?
  • What do good internal controls look like?
  • What are CRSA and ERM?
  • How should management respond to financial crime?

Preventing individual financial crime

  • Why do people commit crime?
  • What aspects of accounting should we consider?
  • What internal controls should we consider?
  • What is the control environment?
  • How do we monitor controls?

IT approaches to fraud prevention

  • How should we assess IT system risks?
  • What are the specific approaches to protecting IT systems?
  • What exactly is cloud computing?
  • What are the formal approaches to risk management?
  • What is forensic readiness?

John is a Chartered Accountant who spent many years advising small and medium-sized businesses across the North of England. He specialised in dealing with the particular problems faced by large family-owned companies. John joined Bradford College where he taught a wide range of students from diverse backgrounds and with varying levels of ability. John later joined Leeds Met University where he specialised in teaching auditing on ACCA professional courses and Forensic Accounting at Masters level. He is now a freelance author and lecturer.

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ACCA partner with to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.

Verifiable CPD
Your course counts as verifiable CPD, if you can answer "yes" to these questions:

  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.