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Fraud Loss Measurement (FLM)

Counter Fraud Strategy

Aim

To provide counter fraud staff with the skills and knowledge to understand the scale of the problem encountered through fraudulent activity and to recognise how the threat can be specifically addressed using loss measurement methodology.

Learning outcomes

On completion of the course students should be able to:

  • Explain what professionalism means within the context of FLM
  • Describe definitions of fraud and corruption
  • Recognise the threat from both internal and external fraud
  • Understand the impact of the financial cost of fraud
  • Describe how a fully integrated fraud strategy is developed through the implementation of FLM
  • Understand how the concept of FLM has evolved
  • State the key stages of FLM
  • Understand how to obtain a statistically valid sample
  • Design a sampling template
  • State why a uniform approach is essential when examining cases from the selected sample
  • State the burden of proof required in both a Criminal and Civil prosecution
  • Understand how adopting FLM methodology will reduce losses to fraud and error
  • Apply the learning to a case study

Who should attend

  • All counter fraud staff and managers whose duties involve developing fraud strategy and action plans
  • Accredited Counter Fraud Specialists who have identified this area for inclusion in their Continuing Professional Development programme

Course delivery

The course is very interactive being practical skills and knowledge based.  Training methodologies include classroom based learning; trainer led discussion; syndicate and pair working; quiz activities; power points and case studies.  The training is fully evaluated with results fed back to the organisation.

Assessment and trainers

Students have the opportunity to assess their learning through the completion of a multiple choice question test and a subjective learning assignment.  On successful completion students receive a certificate to evidence their Continuing Professional Development.   The course is delivered by experienced and qualified Counter Fraud trainers who are subject matter experts in their field having developed FLM strategy in both the public and private sectors.

Duration and student numbers

Two days with a maximum of eight.

Upcoming Events

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General Course Enquiry

General Course Enquiry

Contact us

For further information on any of our products
and services please contact either Peter or Malcolm:

Peter Darby | 07714 216126
peter@pdacounterfraud.co.uk

Malcolm Hollett | 07522 394883
malcolm@pdacounterfraud.co.uk