Risk Management: Internal Control and Fraud Prevention

In the ever-changing business environment, encountering risks is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organization and one that is struggling to deal with the challenges facing it. To deal with these challenges requires extensive knowledge of risk management, effective internal control, and proactive fraud prevention techniques. This is exactly what you will find this workshop.  By the end of the workshop, participants will be able to:

• A proven approach to grab management’s attention regarding risk and control
• How to develop an effective fraud prevention strategy
• The power of an integrated approach to risk management and internal control
• Ensure that preventive, detective, and corrective controls are in place

Content

The Power of Effective Risk Management

• Risk Management Process and Techniques
• The Key Link between Risk and Objectives
• Effective Balance between Risk and Control
• Selling the Benefits
• The Role of an Audit Committee

Effectively Managing the Risk Process

• Risk Mitigation Processes
• Reputation Risk Management
• Developing Action Plans and Improvement Opportunities
• Identification of Risk Exposures
• Engaging Stakeholders in the Process

Internal Control Environment

• Overview of Internal Control
• The COSO Internal Control Integrated Framework
• Compliance with procedures and Policies
• The Constantly Changing regulating Requirements

Proactive Fraud Prevention

• Evaluating the Fraud Risks
• Patterns of Fraudulent Behaviours
• Promoting Integrity and Ethics across the Organization
• Creating an environment Dealing with Fraud
• The Anti-Fraud Policy

Key Pressures on the Internal Control Processes

• Information Security
• Controls over Technology
• Systems Development and the Risk of Internal Control
• Internal and External Communications

For Whom: Risk Managers, Auditors, Quality Assurance Professionals, Accountants, Chief Accountants, Accounting Managers/Supervisors, Financial Controllers, Heads of Departments and any others who is interested in learning and updating their knowledge in risk management