| AIM Students will learn how to minimize the impact of fraud and to minimize client losses FORMAT þ Preparation (Real Life Examples - International Flavor) þ Presentations þ Break-out / Reflection + Presentations from students þ Test of knowledge þ Lunch & coffee breaks included TOPICS •þ MINIMIZING LOSSES (EFFECTIVE PROCEDURES) •þ EARLY WARNING SIGNS •þ FAILURE IN PROCEDURES •þ KNOWING AND UNDERSTANDING CLIENTS AND THEIR RISK PROFILE •þ TYPES OF FRAUD o Manipulation of cash o Pre-Invoicing o Set-Offs o Manipulation of the ledger o Deliberate Fraud •þ CRISIS MANAGEMENT TOOLS o How to react (Aspects of insolvency laws) o Reference to the agreement o Collections and resolving disputes •þ MAXIMIZING RECOVERIES AT MINIMUM COST AND DISRUPTION •þ EXIT STRATEGIES o 5 Rs of recovery o Legal remedies of fraud o External help Preliminary Attendance List Agenda Module 4 Booklet |
