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Financial Integrity

The integrity of financial reports is paramount for any company. Inaccurate reporting may damage a company's reputation and may lead to significant regulatory sanctions and litigation. Our Financial Integrity Course explains what each of the three key financial reports are and how employees can contribute towards maintaining their integrity.
objectives

What you’ll learn in
this course

  • Identify key financial reports
  • Recognise the importance of financial integrity
  • Correctly identify errors in revenue recognition, costs and expenses
  • Detect errors in assets
  • Take appropriate action to ensure the integrity of financial records
  • Report errors and malpractice immediately to Financial Control

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Prepare your team to tackle fraud effectively

Fraud causes businesses to lose an average of 5% of annual revenue, yet 86% of incidents go unreported. Our courses help staff identify early warning signs and respond effectively, reducing your risk of serious financial loss.
Browse the complete Fraud Prevention training package

Fraud Prevention

In-depth 35 Minutes Fraud Prevention For all staff

Fraud can have grave consequences for companies, employees, and customers.

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Fraud Prevention

Refresher 20 Minutes Fraud Prevention For all staff

Fraud is criminal or deceptive behaviour aiming to secure an unfair or unlawful gain through deliberate or dishonest misrepresentation.

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Abuse of Position

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud by abuse of position occurs when someone in a position of trust dishonestly exploits their role for personal gain or to cause loss to others.

Understanding Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud is a deliberate act of deception aimed at obtaining an unfair advantage, often causing harm to individuals or organisations.

Identity Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Identity fraud occurs when criminals steal personal information to commit fraud, often leading to financial loss and reputational damage.

Identity Crime

In-depth 20 Minutes Fraud Prevention For all staff

Identity theft involves criminals obtaining and misusing someone's personal data to commit fraud.

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Failing to Disclose Information

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud can occur when someone deliberately withholds information to gain an unfair advantage or cause loss to others.

Customer Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Customer fraud poses serious risks to businesses, from chargeback fraud to false complaints.

Supplier Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Supplier fraud occurs when vendors engage in deceptive practices, such as false invoicing, overpricing or bribery.

Authorised Push Payment Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Authorised push payment fraud occurs when scammers impersonate trusted figures to trick individuals into transferring money.

False Representation

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud by false representation happens when someone deliberately provides misleading or untrue information for personal or financial gain.

Economic Crime and Corporate Transparency Act 2023

Microlearning 5 Minutes Fraud Prevention Failure to Prevent Fraud For all staff

The Economic Crime and Corporate Transparency Act 2023 expands corporate liability for fraud and financial crimes.

Employee Fraud and Insider Threats

Microlearning 5 Minutes Fraud Prevention For all staff

Employee fraud can take many forms, from theft and false expense claims to data misuse and conflicts of interest.

Fraud Offences and Penalties

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud is any dishonest action or omission intended to gain or cause a loss, regardless of whether it is temporary or permanent.

Mandatory Leave

Microlearning 5 Minutes Fraud Prevention For all staff

Mandatory leave is time off that certain organisations enforce to help prevent fraud, errors and other risk incidents.

Preventing Corporate Fraud

Microlearning 5 Minutes Fraud Prevention For all staff

Corporate fraud involves illegal activities committed by an organisation or individuals acting on its behalf.

The Fraud Triangle

Microlearning 5 Minutes Fraud Prevention For all staff

Fraud is often committed by ordinary people who find themselves in difficult situations and make poor choices.

Abuse of Position

Express 10 Minutes Fraud Prevention For all staff

Abuse of position is a type of fraud that employees can commit, sometimes inadvertently, when they use their position at the Company for their personal gain.

Financial Integrity

In-depth 30 Minutes Fraud Prevention For all staff

The integrity of financial reports is paramount for any company.

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Fraud Prevention for Managers

In-depth 40 Minutes Fraud Prevention For managers

The consequences of fraud are very serious for both companies and employees alike.

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Understanding Failure to Prevent Fraud (FTPF)

In-depth 30 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Learn how the Failure to Prevent Fraud offence works, what it means for our Company, and how you can help reduce risk by recognising fraud and supporting prevention procedures.

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Understanding Failure to Prevent Fraud (FTPF) for Managers

In-depth 35 Minutes Failure to Prevent Fraud Fraud Prevention For managers

Learn how the Failure to Prevent Fraud offence works, what it means for our Company, and how you, as a manager, can help reduce risk by recognising fraud and supporting prevention procedures.

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Understanding Failure to Prevent Fraud (FTPF)

Refresher 20 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Refresh your understanding of how the Failure to Prevent Fraud offence works, what it means for our Company, and how you can help reduce risk by recognising fraud and supporting prevention procedures.

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Failure to Prevent Fraud (FTPF): Types of Fraud

Microlearning 5 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Understand the various types of fraud that could lead to the Failure to Prevent Fraud offence and how to help prevent them in my role.

Failure to Prevent Fraud (FTPF): Offence

Microlearning 5 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Understand the legal implications of the Failure to Prevent Fraud offence and how to ensure compliance in my role.

Failure to Prevent Fraud (FTPF): Scope

Microlearning 5 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Understand the scope of the Failure to Prevent Fraud offence and its implications for different types of companies.

Understanding Failure to Prevent Fraud (FTPF) in Financial Services

In-depth 30 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Failure to Prevent Fraud (FTPF) is a corporate offence that holds organisations criminally liable if they do not have reasonable measures in place to stop fraud committed by someone acting on their behalf.

Understanding Failure to Prevent Fraud (FTPF) in Financial Services for Managers

In-depth 35 Minutes Failure to Prevent Fraud Fraud Prevention For managers

Failure to Prevent Fraud (FTPF) is a corporate offence that holds organisations criminally liable if they do not have reasonable measures in place to stop fraud committed by someone acting on their behalf.

Fraud Prevention

In-depth 35 Minutes Fraud Prevention For all staff

Fraud is criminal or deceptive behaviour aiming to secure an unfair or unlawful gain through deliberate or dishonest misrepresentation.

Understanding Failure to Prevent Fraud (FTPF) in Insurance

In-depth 30 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Failure to Prevent Fraud (FTPF) is a corporate offence that holds organisations criminally liable if they do not have reasonable measures in place to stop fraud committed by someone acting on their behalf.

Understanding Failure to Prevent Fraud (FTPF) in Insurance for Managers

In-depth 35 Minutes Failure to Prevent Fraud Fraud Prevention For managers

Failure to Prevent Fraud (FTPF) is a corporate offence that holds organisations criminally liable if they do not have reasonable measures in place to stop fraud committed by someone acting on their behalf.

Failure to Prevent Fraud (FTPF): Prevention

Microlearning 5 Minutes Failure to Prevent Fraud Fraud Prevention For all staff

Understand the six principles of fraud prevention to design and support effective anti-fraud controls.

Ask Aida. Get Answers. (1280 x 720 px)

Bring your courses to life with AI

Boost staff engagement by putting support and just-in-time learning front and centre. Aida delivers instant, reliable answers to compliance questions and recommends policies or training directly within your daily workflow, including MS Teams and soon Copilot. This reduces repetitive queries for your compliance team and helps identify knowledge gaps and risks.

Discover AI-enabled compliance

Your questions, answered

Fraud Prevention

Common FAQs

How can I ensure employees are aware of our Fraud Prevention policies and procedures? 

Our Policy Hub makes it easy to distribute your Fraud Prevention policies to all employees and track their acknowledgement. You can set up automated reminders to ensure that employees review and agree to comply with these policies, providing a clear record of engagement to support compliance.

How can employees report suspicions of fraud anonymously?

Our Whistleblowing Register provides a secure and anonymous platform for employees to report any suspicions of fraud. This tool ensures that employees can raise concerns without fear of retaliation, allowing your organisation to address potential issues promptly and transparently.

How can I make sure every employee has read and agreed to our anti-fraud and conduct policies?

Our Policy management ensures employees review and acknowledge key anti-fraud and conduct policies, creating a clear audit trail for regulators. You can manage policy updates, track completions, and demonstrate compliance—all from one place.

How can I measure my employees’ awareness of fraud risks and identify gaps in understanding?

Our Fraud Prevention Staff Survey helps you gauge staff awareness of fraud risks and pinpoint areas that need attention before issues arise. You can run periodic surveys to monitor culture, track improvements over time, and target further training.

How can I provide employees with a safe and anonymous way to report suspected fraud?

Our Whistleblowing Register gives employees a confidential channel to report potential fraud without fear of retaliation. This demonstrates to regulators that you take whistleblower protections seriously and encourages a culture of transparency.

What are the most common types of fraud in construction?

  • Bid rigging and collusion during tendering
  • False invoicing and overbilling
  • Theft or misuse of materials and equipment
  • Manipulation of progress reports or timesheets
  • Warranty or insurance fraud after project completion

Why is the construction industry especially vulnerable to fraud?

The industry’s structure makes it a target. Projects often involve multiple subcontractors, large sums of money, and tight deadlines, all of which create opportunities for misconduct. Oversight can be challenging, particularly when work happens across several sites, making fraudulent activities harder to detect.

How can companies detect fraud early?

Early detection is about combining good oversight with smart tools. For example:

  • Monitoring financial records for irregular billing.
  • Using data analytics to flag suspicious payment patterns.
  • Carrying out site inspections and inventory checks.
  • Providing safe, anonymous channels for employees to raise concerns.
These steps make it much harder for fraud to go unnoticed.

What role does leadership play in fraud prevention?

Leaders set the tone. If executives and managers demonstrate a strong commitment to integrity, employees are far more likely to follow suit. This means:
  • Making anti-fraud policies clear and accessible.
  • Enforcing rules consistently — no exceptions for "star performers."
  • Rewarding ethical behaviour alongside project results.

Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools such as declarations, surveys and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Is our training content still compliant with the latest legislation?

  • You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
  • For major legislative changes, we:
    • Send you email alerts to ensure you are notified
    • Offer you a free trial of newly created or updated content
    • Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance

Can you translate our content into other languages?

Yes, we offer translations in a wide range of languages. Let us know your needs, and we’ll confirm availability or work with you to plan translations for your selected modules.

What file types are supported by the Skillcast system?

Features

Supported file types and details

File Exchange

File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB

SCORM files

Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB

xAPI file

Max file size: 2GB

Videos

File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help

Images

File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB

CPD evidence

File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Policy documents

PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Offline activities evidence

File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Client logo files

File types provided by client: EPS, PDF, AI and SVG

Registers

PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files

Declarations

JPG, JPEG, PNG, GIF, XLS and XLSX files

 

What is Aida and how does it ensure reliable answers?

 Aida is an AI tutor embedded in courses that allows learners to ask questions at any point during learning. It draws exclusively on content that has been vetted and curated by your organisation, including course materials, internal policies, approved web resources, and regulator sites. This curated approach ensures answers reflect accurate, organisation‑specific guidance. 

Can administrators see what questions are asked and how Aida responds?

Yes. Reporting includes both the questions asked and Aida’s responses. For meaningful insight, questions are also categorised by topic (e.g., records management, gifts and hospitality) to reveal trends. All reporting is anonymised by default to encourage open, non‑threatening inquiry. To protect assessment integrity, Aida is disabled during assessments and is only available during the learning components of a course.