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Certified Anti-Corruption Manager® (CACM)

Become an international Certified Anti-Corruption Manager® (CACM) by attending this 5-day The AACI (The American Anti-Corruption Institute) accredited course

IMF Academy is The AACI (American Anti-Corruption Institute) authorized
training organization and an accredited training provider of
Certified Anti-Corruption Manager® (CACM) courses in Europe.

Certified Anti-Corruption Manager® (CACM) – mode of study

Option 1: 5-day public course
Option 2: In-house course

Also see: Certified Fraud Examiner (CFE)

About The AACI (American Anti-Corruption Institute)

The AACI - The American Anti-Corruption Institute - is the global premier leading provider of management anti-corruption training and the only organization that addresses fighting fraud and corruption by focusing on the side of decision makers and those charged with governance. The Certified Anti-Corruption Manager® (CACM) certification process is the first of its kind worldwide and leads to the most effective means to prevent fraud and corruption in organizations.
Though the CACM course and certification are corruption prevention oriented, they also empower management to deter and detect fraud and corruption, money laundering, and financing terrorism.

Certified Anti-Corruption Manager® (CACM) – why?

Corruption and damage to integrity in general are increasingly recognized as a serious risk to any organization. The Certified Anti-Corruption Manager® (CACM) course trains the anti-corruption manager who needs to develop a full understanding of corruption, as the loss of integrity in and by the organization. You will become familiar with the legal, managerial and psychological tools for preventing and fighting corruption and be able to introduce both soft and hard controls to encourage ethical behaviour and reduce the chances of misconduct taking place.

Certified Anti-Corruption Manager® (CACM) – prevent, detect and manage the risk of corruption in your organization

Certified Anti-Corruption Manager® (CACM) is a management professional certification specifically designed to equip management and those charged with governance with the cutting-edge knowledge and skills that are especially relevant for preventing corruption in a business environment. The Certified Anti-Corruption Manager (CACM®) certification program promotes mastery of fraud and corruption prevention, deterrence and detection, internal control, corporate governance, anti-corruption strategic management, and corruption-related decision support through a rigorous curriculum and an exclusive exam process.

Certified Anti-Corruption Manager (CACM®) – what will you learn?

In a time of rigorous and growing anti-corruption enforcement, understanding the law is essential to safeguard against corruption risks and to avoid potential penalties and reputational loss. Doing business globally requires compliance with international laws and conventions, such as the U.S. Foreign Corrupt Practices Act (FCPA) and Sarbanes-Oxly Act - both of which have transnational reach -, the OECD Anti-Bribery Convention and other laws and conventions.

In this Certified Anti-Corruption Manager® (CACM) course you will learn how to implement policies and procedures to comply with the FCPA and other major anti-corruption initiatives, to execute the effectiveness of your anti-corruption compliance program, and to manage investigations across international borders.

Certified Anti-Corruption Manager® (CACM) – for who?

Corruption, bribery and fraud are a key concern to many global organizations. This Certified Anti-Corruption Manager® (CACM) course and certification is therefore a key course for board members, executive management, senior management, compliance officers, fraud examiners and other fraud specialists, controllers and corporate managers, attorneys, legal professionals and law enforcement personnel, detectives and private investigators, forensic and management accountants, accounts payable and financial analysts, GRC (Governance, Risk, and Compliance) managers, internal and external auditors, and business professionals.

Certified Anti-Corruption Manager® (CACM) – number of attendees

The number of delegates is limited to ensure that everyone receives plenty of individual attention.

Certified Anti-Corruption Manager® (CACM) – teaching languages

The intensive 5-day Certified Anti-Corruption Manager® (CACM) course will be lectured in English. All documentation and the CACM® exam are in English.

Certified Anti-Corruption Manager® (CACM) – level of the course

The Certified Anti-Corruption Manager® (CACM) course will be held on a Bachelor+ level.

Partners

Certified Anti-Corruption Manager® (CACM) – partnership

Would you like your logo/banner to be displayed here or are you interested in becoming a partner? Join us now and your business will have permanent exposure on our website, in our newsletters and in our marketing brochures. Contact us for more information!

In-company

Certified Anti-Corruption Manager® (CACM) – in-company

The Certified Anti-Corruption Manager® (CACM) course can be organised for a team within your organization. We can also tailor the program to make it more relevant for your organization. Please contact us to discuss the possibilities.

Content

CERTIFIED ANTI-CORRUPTION MANAGER® (CACM) – CONTENT

DAY I
Internal Control (IC)
Internal Control is the foundation of detecting fraud and corruption. The COSO principles and concepts constitute the framework that is widely used in preventing, deterring, and detecting fraud and corruption. Internal Control is not well understood by most decision makers and those charged with governance. This session discusses the definition, objectives, benefits, and the building blocks of Internal Control.

Internal Control (IC) components
Internal Control components and their associated principles form the Internal Control concept. This session provides an overview of those components and principles and shows the linkages for fraud and corruption prevention, deterrence, and detection.

Internal Control (IC) effectiveness
When would an Internal Control be effective? This session discusses the conditions that shall be met to conclude that an Internal Control is effective. In addition, the session discusses the Internal Control deficiencies. It also discusses the Internal Control limitations, including management override of Internal Control.

Foreign Corrupt Practices Act (FCPA)
The American Congress enacted the U.S. Foreign Corrupt Practices Act (FCPA) in 1977 in response to revelations of widespread bribery of foreign officials by U.S. companies. The FCPA was intended to stop those corrupt practices, create a level playing field for honest businesses, and restore public confidence in the integrity of the marketplace.
This session provides an overall overview of the basic requirements of the FCPA and its relationship with internal control and bribery prevention and deterrence.

Public Accounting Reform and Investor Protection Act (Sarbanes-Oxley/SOx)
In 2002 in response to a series of accounting scandals involving U.S. companies, American Congress enacted the Sarbanes-Oxley Act (SOx), which strengthened the accounting requirements for issuers. All issuers must comply with Sarbanes-Oxley's requirements, several of which have FCPA implications. The law aimed to improve financial reporting audit processes and to correct several of the board of directors, public accounting, and other practices. It impacted business processes in the U.S. and worldwide.
This session provides a high-level overview of the relevant titles and sections in the context of internal control and other significant professional and business issues.
It also provides an overview of the objectives of SOx and its significant requirements.

DAY II
Fraud and corruption
Corruption is a business risk. This session provides an overview of the different definitions of fraud and corruption, and emphasizes the duties of board members, executive management, and other employees. It also addresses the misconceptions about fraud and corruption.
The session discusses the costs and damages of corruption at the entity level and the country level. It concludes with an overview of Internal Control effectiveness with respect to selected transaction cycles and their red flags. This includes the revenue and procurement cycles.

Types of fraud and corruption
This session discusses the following fraud and corruption schemes:

  • asset misappropriation: cash theft and fraudulent disbursements
  • corruption: bribery, economic extortion, illegal gratuity, and conflicts of interest
  • contract and procurement fraud (Bid-Rigging schemes)
  • money laundering
  • checks and credit card fraud

The session also provides an overview of the red flags for selected corruption schemes.

Money laundering
Money laundering is the process of disguising the origin, title, nature, existence, location, control, and use of cash or cash equivalent, whether derived from legal or illegal acts.
This session provides a high-level overview of what constitutes money laundering, associated costs, and damages. It also discusses the mechanisms used to launder money. The session discusses money laundering risks and methods used to prevent, deter, and detect illicit funds. We conclude with an overview of anti-money laundering mechanisms and what companies should do to prevent, deter, and detect money laundering.

Financial Statement Fraud (FSF)
It is an intentional act that uses deception by misstating or omitting material information and results in a misstatement in financial statements to deceive financial statements users. This session provides a high-level discussion of the following questions:

  • what do we mean by financial statements?
  • who is responsible to prepare fairly presented financial statements?
  • what do we mean by Financial Statement Fraud (FSF)?
  • who commits Financial Statement Fraud (FSF)?
  • why and how do they commit Financial Statement Fraud (FSF)?
  • what are the red flags of Financial Statement Fraud (FSF)?
  • how can management prevent and detect Financial Statement Fraud (FSF)?

DAY III
Corporate governance
Governance is initially a socio-economic and political concept. It is always objective-oriented and tied to accountability. The primary goal of governance is the welfare of society. Therefore, people initiate governance, and their well-being is its objective. As a result, whether it is a society, community, government, or organization, there is a form of governance employed to achieve a set of agreed on purposes.
This session discusses the governance definition, nature, and objectives. It also discusses the formal and informal governance mechanisms.

The central role of the board of directors and the board's committees will also be addressed. The session also discusses the principles of corporate governance and provides an overview of those governance practices in companies. The session concludes with the differentiation between governance and corruption and their inter-relationships.

Auditing for those who are charged with governance and executive management
The purpose of an audit of a general purpose financial statement is providing the users of the financial statements with an opinion as to whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework (such as the U.S. Generally Accepted Accounting Principles (GAAP) or the IFRS). Presented fairly means the financial statements as a whole are free from material misstatement, whether due to fraud or error.
When a company's management agrees with an independent auditor to audit the company's general purpose financial statements, management should adequately understand its responsibilities and those of the independent auditor. The company's management and the independent auditor usually sign what is called "terms of an audit engagement" which is a business contract. When an audit is conducted in accordance with the International Standards on Auditing (ISA), the terms of the audit engagement should be in writing. This session provides a high-level discussion of the following topics:

  • the responsibilities of the independent auditor
  • the responsibilities of management
  • the audit engagement letter (contract)

This session follows on the discussion of the following crucial topics:

  • the independent auditor's report
  • modifications in the independent auditor's opinion
  • written management representation letter, its contents, and objectives

CACM exam practice questions
The delegates practice solving real-time CACM exam questions. By the end of the session, a feedback for incorrect answers is provided to enhance understanding and maximize the chances to pass the Certified Anti-Corrupton Manager® (CACM) exam.

DAY IV
Accounting for those who are charged with governance and executive management
Even though accounting has its global agreed on definition, it is the quantitative financial language of business. Whether managerial or financial accounting, the ultimate objective of its reports is to help and support decision makers to make informed choices and decisions. Therefore, the quality, economy, and effectiveness of such decisions depend not only on the significant characteristics of the reports, but also on the ability of users to understand and analyze their content.
This session provides a high-level overview of basic accounting terms and their definitions. It also discusses the structure and contents of the statement of financial position, income statement, and statement of cash flows.

This session follows on the discussion of the following crucial topics:

  • Financial ratio analysis; nature and benefits
  • Major financial ratios
  • Liquidity ratios
  • Activity ratios
  • Profitability ratios
  • Coverage ratios

Management and decision making
Peter Drucker - the father of modern management - states that the fundamental task of management is "to make people capable of joint performance through common goals, common values, the right structure, and the training and development they need to perform and to respond to change."
This session provides an overall review of the principles of management, the planning process, and strategic management.

Executive management and those charged with governance perform their duties through decisions. Decisions are informed judgements. Board members and management are expected to make effective decisions. A lack of adequate knowledge about what makes an effective decision will significantly increase the risks of failure of decisions made by the board or executive management. Strategic decisions, usually made by top management and the board, have significant consequences and effects that may reach further than the boundaries of the organization.
This session provides an overview of specific and significant aspects of the decision-making process and what constitutes an effective decision. It shows the pitfalls or traps of the decision-making process. It also discusses specific accounting and finance concepts that enhance and support the executives and those charged with governance decisions in various situations such as break-even point.

CACM exam practice questions
The delegates practice solving real-time CACM exam questions. By the end of the session, a feedback for incorrect answers is provided to enhance understanding and maximize the chances to pass the Certified Anti-Corruption Manager® (CACM exam).

DAY V
The global commitment to fight corruption
The United Nations Convention against Corruption is the only legally binding universal anti-corruption instrument. The Convention's far-reaching approach and the mandatory character of many of its provisions make it a unique tool for developing a comprehensive response to a global problem. The vast majority of United Nations member states are parties to the Convention. The Convention covers many different forms of corruption, such as bribery, trading in influence, abuse of functions, and various acts of corruption in the private sector.
This session provides a high-level overview of the U.N. Convention against corruption and discusses the concept of the "Rule of Law."

Review and CACM practice questions
This session highlights specific major concepts and emphasizes the major points discussed throughout the course.
The delegates practice solving real-time CACM exam questions. By the end of the session, a feedback for incorrect answers is provided to enhance understanding and maximize the chances to pass the Certified Anti-Corruption Manager® (CACM) exam.

Certified Anti-Corruption Manager® (CACM) – official exam
The Certified Anti-Corruption Manager® (CACM) syllabus consists of the following subjects, which are also the base for the CACM® exam:

Part I – 25% of the CACM exam

  • Internal control
  • U.S. Foreign Corrupt Practices Act (FCPA)
  • Sarbanes-Oxley Act (SOx)

Part II, III, IV – 40% of the CACM exam

  • Fraud and corruption
  • Money laundering
  • Financial Statement Fraud (FSF)

Part V – 10% of the CACM exam

  • Corporate governance

Part VI – 7% of the CACM exam

  • Auditing for those who are charged with governance and executive management

Part VII – 7% of the CACM exam

  • Accounting for those who are charged with governance and executive management

Part VIII – 7% of the CACM exam

  • Management and decision making

Part IX – 4% of the CACM exam

  • The global commitment to fight corruption
  • State of law and civil state by Abdullah II ibn Al Hussein
  • United Nations Convention against Corruption (UNCAC)

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Certificate

Certified Anti-Corruption Manager® (CACM) – certification exam qualifications

As an applicant for the Certified Anti-Corruption Manager® (CACM) certification exam you need:

  • a Bachelor's degree from an accredited college or university, and 3 years of experience in a managerial position;
  • to provide an assertion to non-prior indictment in any act to the discredit of the code of ethics of The American Anti-Corruption Institute (AACI);
  • to abide The AACI code of ethics;
  • to satisfy The AACI Continuing Professional Education (CPE) requirements; and
  • to maintain a good standing and membership in The AACI.

Certified Anti-Corruption Manager® (CACM) – about the exam

The Certified Anti-Corruption Manager® (CACM) exam consists of 105 multiple-choice and true/false questions. The exam takes 2 hours and 20 minutes. Each correct answer grants you 1 point. You need 75 points to pass the exam. You can sit for the CACM® exam on the last day of this course.

Certified Anti-Corruption Manager® (CACM) – exam details

As the CACM®-exam includes questions that have mathematical computations, you need a calculator to assist you in solving those questions. Because the CACM® exam is an online exam, you also need to bring your laptop with you.

Certified Anti-Corruption Manager® (CACM) – retake of the exam

Unsuccessful candidates can retake the CACM® exam up until December 31st of the year following the year in which you took the course.

Certified Anti-Corruption Manager® (CACM) – remaining certified

Once you become a Certified Anti-Corruption Manager® (CACM), you must complete 30 hours of Continuing Professional Education (CPE) each calendar year, including a minimum of 3 hours in the area of ethics. In addition, you should maintain your membership status at The American Anti-Corruption Institute (AACI).

Trainer(s)

CERTIFIED ANTI-CORRUPTION MANAGER® (CACM) – AACI authorised

This 5-day Certified Anti-Corruption Manager® (CACM) course is authorised by The American Anti-Corruption Institute (AACI). Your well-experienced trainers are:

Joop Remmé Ph.D
Joop Remmé - IMF AcademyJoop Remmé is Lead Expert European Countries of The American Anti-Corruption Institute (AACI). Joop teaches at several universities (he is a.o. assistent-professor Strategy at Nyenrode Business University) on business ethics/corporate social responsibility (CSR), culture, sustainability, leadership, and research methods. His teaching efforts have brought him to countries as diverse as Egypt, China, and Tanzania. His research focuses on stakeholder management and CSR sustainability. As a consultant he has been active in companies like Unilever, Shell, and ABN AMRO Bank in ethics as well as management development. He also gives workshops on whistleblowing and responsible leadership.

Geert Vermeulen MBA
Geert Vermeulen - IMF AcademyGeert Vermeulen is an experienced compliance professional, specialized in establishing and improving ethics and compliance programs in general and anti-corruption programs in specific. Geert is the CEO of Ethics & Compliance Management & Consulting (ECMC). ECMC provides compliance training, compliance consulting, and interim ethics & compliance management. Before starting ECMC he was the Chief Compliance Officer of Aon EMEA, the Global Head of Compliance of Damco and a Director of the Netherlands Compliance Institute. Geert chairs the expert group on Financial Economic Crime of the Dutch Compliance Officers Association and frequently speaks and writes on ethics and compliance.

Liesbeth Feikema Ph.D
Liesbeth Feikema - IMF AcademyLiesbeth Feikema is the managing director of Heyokaha Consult, a consultancy firm that offers support in promoting and improving institutional, professional, and personal integrity. She is also a researcher with the Ethics Institute at Utrecht University. Liesbeth obtained a PhD in moral philosophy and law with a dissertation on corruption and conflict of interest. Liesbeth is broadly oriented from an international perspective and has experience in both the public and the private sector. She is able to translate complex and theoretical matter to a practical level and policy and vice versa. In addition, she is trained as a mediator and works as a researcher, process supervisor, coach, and trainer.

Start date(s)

The Certified Anti-Corruption Manager® (CACM) course consists of 5 days. Each course day lasts from 09.00 hrs - 17.00 hrs. The Certified Anti-Corruption Manager® (CACM) course will take place in Amsterdam (the Netherlands) on the following dates:

Certified Anti-Corruption Manager (CACM®) – course I

  • 28 October - 1 November 2019

Certified Anti-Corruption Manager (CACM®) – course II

  • 8 - 12 June 2020

Certified Anti-Corruption Manager (CACM®) – course III

  • 23 - 27 November 2020

Fee / Registration

The fee for the Certified Anti-Corruption Manager® (CACM) course is € 4,280 (VAT excl.) per person. The fee includes all documentation, all lunches and coffee/tea. Also included is the fee for the Certified Anti-Corruption Manager® (CACM) exam (value € 575).

Step 1/4: Your selection *


Participant substitution and transfer
Delegates may be substituted up until 30 days prior to the start of the Certified Anti-Corruption Manager® (CACM) course without further fee, provided notice is given in writing and the participant meets the admission requirements.
Delegates requesting a transfer to a later course date may do so without incurring penalty fees, provided the request is received in writing at least 30 days before the start of the Certified Anti-Corruption Manager® (CACM) course.
Participant cancellation
Cancellations will be accepted up to 5 weeks prior to the starting date of the Certified Anti-Corruption Manager® (CACM) course. We will invoice 5% of the course fee for administration costs. If you cancel within 5 weeks before the start of the Certified Anti-Corruption Manager® (CACM) course, you will have to pay the full course fee. All cancellations must be received in writing.
Payment
Payment of the Certified Anti-Corruption Manager® (CACM) course fee must be received within 30 days of the invoice date, though always before the start of the Certified Anti-Corruption Manager (CACM®) course.

Certified Anti-Corruption Manager® (CACM)

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