Government accounting is a critical function as it deals with huge sums of money of taxpayers and other forms of collection. Given the expanse of the sector and the number of individuals handling financial data, the chances of fraudulent practices are very high. As such, officials need to be well informed of the possibilities of fraud and well prepared with the best methods to detect and prevent them. Fraud is committed by those under pressure, opportunity or rationalisation to commit the fraud.
Fraud in the government has an exponential impact on not just citizens and governance, but also on the overall economic development of the country. Some common signs of fraud include living beyond one’s own means, paying unusually close attention to certain clients/vendors, refusing to share responsibilities and duties with anyone, etc.
Many public sector organisations rely solely on external auditors to detect fraud, although typically an audit has been designed to check fair presentation of financial statements rather than detecting fraud. The government has had its share of employee embezzlement, theft, false expenses and misappropriation of money.
Among all types of fraud, fraudulent financial reporting is on the rise. Fraudulent financial reporting is the intentional misrepresentation of financial statements with the aim of earning profits and misleading recipients about operational performance and financial liability.
In the government, fraudulent financial reporting is usually committed to receiving funding for projects, financing terms and interest rates. There are various methods and signs to indicate fraud within the government. Government accounting fraud highly influences investor decisions to issue bonds and has a grave impact on taxpayers, citizens and civic employees.
Considering that all taxpayer money is at stake, the government needs to implement stringent systems and processes to help keep a check on financial information, transactions and operations to prevent fraud. Financial information handling for government accounting purposes is not completely digital and is subject to manual intervention.
This itself explains why detection and prevention against fraud, especially financial/accounting fraud, needs to be treated so seriously. Thus, awareness regarding government accounting and related possibilities of fraudulent practices is definitely critical.
This training course will empower you with a detailed understanding of government accounting, fraud in government accounting and detection and prevention of government accounting fraud. It will provide you with the necessary awareness to detect possibilities of fraudulent practices and devise preventive measures to minimise the impact such instances have on citizens and the economic growth of the nation.
The knowledge gained through this course will specialise you in the detection of fraud through various means and methods and enable you to play an important role in preventing fraud and taking necessary action to discourage recurrence. Further, by undertaking this course, you will be capable of suggesting and implementing new ways to manage fraud and prevent future instances that could drastically impact growth.
The main objective of this course is to empower government professionals with—
WHO SHOULD ATTEND
Module 1 – Overview of Fraud
Module 2 – Objectives of Government Accounting
Module 3 – Indicators of Fraud
Module 4 – Types of Accounting Frauds
Module 5 – Causes of Fraud
Module 6 – Ways of Fraud Prevention
Module 7 – Fraud Detection Methods
Module 8 – Fraud Detection of Financial Statements
Module 9 – Types of Government Accounting Records
Module 10 – Processes of Government Accounting
|12/06/2023 - 23/06/2023||$3000||Mombasa||Physical Class
|10/07/2023 - 21/07/2023||$3500||Kigali||Physical Class
|14/08/2023 - 25/08/2023||$2700||Nairobi||Physical Class
|14/10/2024 - 25/10/2024||$3500||Kigali||Physical Class
|13/11/2023 - 24/11/2023||$3000||Mombasa||Physical Class
|11/12/2023 - 22/12/2023||$2700||Nairobi||Physical Class