Description:
This Learning Certificate Programme is developed and curated by The IIA.
Note: This training will be held over two days on Fri, 5 Jun and Fri, 12 Jun 2026.
CPE Hours: 16
INTRODUCTION
Fraud can impact nearly every part of a company. Addressing fraud is critical to an internal audit’s mission to strengthen the organization’s ability to create, protect, and sustain value. Internal auditors achieve this by providing the board and management with independent, risk-based, objective assurance, advice, insight, and foresight.
Despite the IIA Global Standard 13.2 Engagement Risk Assessment stating that fraud testing should be part of every audit, only 14% of the nearly two thousand fraud causes in 2024 were discovered by internal audit functions.
Updated in 2025, this programme aims to address that statistic by equipping participants with an understanding of the basic analytical techniques used to detect fraud within an organization and by integrating fraud testing into each audit engagement.
NOTE: This course incorporates hands-on activities using Microsoft Excel. Participants are REQUIRED to bring a laptop or computer to fully engage in the course.
CERTIFICATE EXAM
Upon completing the course, participants will be eligible to sit for the fraud analytics certificate assessment and earn the certificate. Each course unit concludes with a 10-question multiple-choice quiz. Participants can retake these quizzes as often as needed to achieve mastery.
After completing all segments, participants must pass a 40-question multiple-choice certificate exam administered on The IIA’s Learning OnDemand Platform.
Within 7-10 business days after the last session of the certificate programme, the exam is available on the OnDemand Platform to all registered participants of the programme.
- 40 multiple-choice questions
- Pass rate: 75% or higher
- Open book format. You may reference any course materials or other IIA-published resources desired while taking the exam.
- The certificate exam must be taken in a single setting but is not timed.
- Language: English only
- You are allotted 3 chances to pass the exam. Additional attempts will be charged the US$125 retake fee.
- The exam will be available for 90 days on the OnDemand Platform.
TARGET AUDIENCE
This programme is for internal auditors who want to gain recognition of their application of data literacy knowledge to fraud risks. Upon completion of the programme, participants will be eligible to sit for the assessment in order to earn the certificate.
Prerequisites: Data Literate with basic understanding of data analytics techniques and fraud from the auditing perspective.
CERTIFICATE OBJECTIVES
- Understand the fundamentals of fraud, its impact on the organisation, and the responsibility of internal audit to consider fraud in all aspects of the audit.
- Identify the various types of fraud schemes.
- Understand the tools and technology available to assist auditors with fraud analytics.
- Understand the difference between descriptive, predictive, and social analytic techniques used in fraud data analytics.
- Understand the fraud analytics methodology and incorporate that methodology into audit planning and testing.
- Apply analytic techniques and testing strategies to identify red flags associated with common fraud schemes.
CERTIFICATE TOPICS
Fundamentals of Fraud
- Fundamental concepts of fraud, including its various definitions and implications.
- Effects of fraud on individuals and organisations, both financially and reputationally.
- Psychological and situational factors that drive individuals to commit fraud, including common characteristics and profiles.
- Different types of fraud, including financial and occupational.
- Role and responsibilities of Internal Audit in detecting and preventing fraud.
- Principles and practices of fraud auditing, including techniques and methodologies.
- Red flags that may indicate fraudulent activity and their importance in fraud detection.
- Differences between fraud risk statements, fraud scenarios, and fraud schemes, and their relevance in fraud risk management.
Understanding Fraud Analytics
- Fraud analytics and its importance in the context of internal auditing.
- Key components and tools used in fraud analytics.
- Benefits of using fraud analytics in detecting and preventing fraud and how fraud analytics can enhance the efficiency and effectiveness of internal audits.
- Scenarios and areas within an organisation where fraud analytics can be applied and successfully implemented within different industries.
- Methodologies and techniques used in data collection, analysis, and interpretation for fraud detection.
Fraud Analytics Techniques
- The different forms of data and what is included in a data set used for analytics.
- Testing strategies that can be used with the fraud methodology.
- Descriptive analytical techniques used to uncover red flags that point to potential fraud through analytics.
- How predictive and social analytical techniques are used by organisations to find and prevent fraud.
Methodologies – Planning and Collecting
- The importance of using an established methodology to systematically look for fraudulent activities.
- The Fraud Analytics Methodology.
- How to apply the methodology to a fraud scheme.
Methodologies – Processing and Analysing
- The significance of data normalisation in the data analysis process.
- Key components of data cleaning and standardisation.
- The ability to assess data for usability, completeness, cleanliness, and reliability.
- Application of basic techniques for normalising data, including error correction, and format standardisation.
- Iterative nature of data preparation and its impact on the overall analysis.
- Importance of thorough data cleaning as a foundation for accurate analysis.
Methodologies – Reporting and Evaluating
- Evaluate the importance of communicating with key individuals, such as the Chief Audit Executive (CAE), about the progress and findings throughout the audit process.
- Emphasising the need for audit documentation to be thorough and replicable by an informed and competent person.
- The application of the principles and best practices of formal communication and documentation throughout the fraud audit methodology, not just at the end of the audit.
- Importance of maintaining consistency in the message about the fraud audit, regardless of the medium or formality of the communication (e.g., formal reports, emails, phone calls).
- Adhering to organisational and reporting standards for their organisation and the relevant professional standards, ensuring that all communications and documentation meet these requirements.
Fraud Schemes – Corruption & Asset Misappropriation
- Each of the three major fraud scheme categories in the fraud tree.
- Common schemes within each category through real-world examples.
- Analytical tests to detect red flags associated with different fraud schemes.
- Potential to uncover fraud by interpreting the results of these analytical tests.
- Utilise the methodology and techniques from previous units to incorporate fraud analytics into audit plans.
- Fraud analytics skills to address various potential organisational fraud schemes.
- Strengthen the ability to detect and analyse fraud schemes beyond the examples provided in the lessons.
- Skills to continuously improve fraud detection and prevention strategies.
Financial Statement and other Fraud Schemes
- Identify prevalent fraud schemes within each category of the fraud tree using real-world case studies.
- Apply analytical procedures and tests to spot red flags linked to different fraud schemes.
- Uncover fraud by analysing the outcomes of these analytical tests.
- Develop fraud analytics skills to tackle various potential organisational fraud schemes.
- Enhance skills to continuously refine fraud detection and prevention strategies.
ABOUT THE TRAINER
Ms Melissa Aw Yong has over 20 years of experience in internal audit, risk management, and corporate investigations, gained through both consulting and in-house leadership roles across multiple industries. Her work focuses on governance, organisational risk, and ethical decision-making in complex and high-pressure environments.
She works with boards and senior leaders to anticipate emerging risks, strengthen governance, and address risk through judgement, culture, and leadership. Melissa also speaks and facilitates on ethical leadership, culture risk, and governance maturity.
Melissa has extensive experience delivering training for the internal audit profession, particularly through IIA Singapore, and brings a practitioner’s perspective to the classroom by linking technical concepts to real-world audit, risk, and investigation scenarios. She is a Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Chartered Accountant (CA), guided by a mission to enable and empower organisations to achieve their objectives with integrity and excellence.
REGISTRATION
Please email the completed registration details as per the excel form to IIA Academy at iia-academy@iia.org.sg. We will notify you once your registration for the training has been successfully processed.
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PAYMENTFor more information on payment modes, please click HERE.
IMPORTANT NOTE
- Please email the completed registration details as per the excel form to IIA Academy at iia-academy@iia.org.sg. We will update you upon successful registration of the mentioned training.
- Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date.
- If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029 ext 2004 or 2005.
TERMS AND CONDITIONS
- Registration is on a first-come, first-served basis.
- Contact person will be notified via email upon successful registration of the participants. The training details would be sent to the registered participants one week prior to the training.
- Registration fee must be received prior to the date of the training.
- Registered participants will be liable for the full registration fee in the event of non-attendance on the date of the training.
- Cancellation must be submitted in writing to the Academy team at iia-academy@iia.org.sg at least 7 working days prior to the training and subject to IIA Singapore's approval. A processing fee of $100 per participant will be imposed for any cancellation received less than 7 working days. Substitutions will be permitted, and conditions will apply. You may substitute a “like” person to attend the training in your place – for example, if you are an IIA Singapore member, you may substitute with another IIA Singapore member.
- IIA Singapore reserves the right to cancel or postpone the training if the minimum class size is not met. In such cases, all paid registration fees will be refunded in full.
- IIA Singapore reserves the right to revise the training programme as necessary.
- IIA Singapore reserves the right in our absolute discretion and without further liability to cancel any training, in which case any fees paid by you will be refunded. However, in such circumstances IIA Singapore cannot be held responsible for hotel or travel expenses which you are unable to recoup as a result of a training being cancelled.
- IIA Singapore reserves the right to take videos and photographs during the training for use in IIA Singapore’s marketing collaterals and other publicity purposes.
- Complimentary parking, if available, will be provided on a first-come-first-served basis.
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