Course Overview

Fraud Prevention: Internal Controls & Segregation of Duties teaches you how to build strong safeguards into your company's daily work to help protect money and assets from theft or error. This training will help you understand why giving a single person control over an entire transaction creates risk, and introduces the ARC framework: Authorization, Record Keeping, and Custody. You will explore real cases, from a bookkeeper who stole $53 million to a scam that cost two tech giants $100 million, demonstrating how weak controls can let fraud grow unchecked. Explore approval thresholds, three-way matching, audit trails, and the culture that keeps controls working day to day.

Learn how to ensure no single employee can complete an entire fraudulent transaction alone. This includes setting clear approval limits and requiring multiple checks before payments go out. Discover how to build workflows that prevent tricks like invoice slicing or ghost vendor schemes. By the end, you will be able to spot weak spots in your company's systems. In addition, you can be able to design and update controls to guard against theft and protect your organization's reputation and finances.

Learning Objectives:

At the end of this course, you will be able to:

• Apply the ARC framework to separate financial duties.
• Identify dangerous overlaps in authorization, record keeping, and custody.
• Design approval thresholds that scale with financial risk.
• Build fraud-resistant workflows using three-way matching.
• Analyse real fraud cases to find control failures.
• Configure audit trails that support accountability across teams.
• Evaluate an organization's ethical culture and tone at the top.
• Redesign a broken workflow without adding new staff.