Course outline

Each year, the various global fraud surveys show that fraud is increasing and 2017-&-beyond should be no different. What’s most alarming is that much of this fraud is being perpetrated by executive management, who should be setting the tone!

The Internal Audit function is not just the third line of defense, but also the conscience of the board, and the internal audit activity should be assessing and making appropriate recommendations for improving the governance process in its accomplishment of the various objectives of King IV, but especially the most overlooked objective of good ethics.

Doing business and making a profit ethically should not be seen as ‘one of the options’ but as the only option as it is at the core of Corporate Governance – many people don’t realise the original name of the Treadway Commission (the beginning of modern Corporate Governance in 1985) was the National Commission on Management Fraud! After industry leaders complained about the name it was changed to something more ‘neutral’.

As a result, fraud’s significance tends to generally be overlooked in corporate governance, risk management and even auditing. This course examines King IV™ and extracts all the ethics and fraud related principles that organisations need to be aware of.

Outcomes

1. The relationship between Fraud and Ethics
2. Key differences between King III & King IV™
3. New and revised King IV™ corporate governance principles relating to fraud & ethics unpacked and compared to current global best practice
4. The myth of the ‘rogue’ employee
5. Building an anti-fraud Culture
6. Case Study
7. Corporate Governance & Social Media