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Introduction to the course
In the ever-changing business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation 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 in this course. This Risk Management training course will enable you to develop and deliver a systematic plan to strengthen your risk management, fraud prevention and internal control environment.
This Risk Management: Internal Control & Fraud Prevention training course will highlight:
- The power of an integrated approach to risk management and internal control
- A proven approach to grab management’s attention regarding risk and control
- A simple method to reduce unnecessary controls
- How to develop an effective fraud prevention strategy
Course details
After completing this Risk Management: Internal Control & Fraud Prevention training course, you will be able to:
- Ensure your organization has an effective balance between risk and internal control
- Explain to management the benefits of an enterprise –wide approach to risk and internal control
- Apply the different techniques for identifying and managing risks
- Ensure that preventative, detective and corrective controls are in place
- Link risk management and internal control into the business planning process
- Implement an effective fraud prevention process
- Promote a culture of integrity and ethics across the organisation
- This is a basic / intermediate level course and delegates are not required to have any previous experience in risk management or fraud prevention to attend
- Delegates should have a good educational standard and/or a professional qualification
- No advance preparation is required
- Delivery method – Group-live (with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter)
- A short examination will be given at the end of the course
This training course will benefit organisations in all business sectors. It will provide the basis for implementing an integrated risk management, internal control and fraud prevention infrastructure. The financial and operational benefits will be significant.
This Risk Management: Internal Control & Fraud Prevention training course will enable organisational knowledge to be enhanced in the following areas:
- Enhancing the current risk management process
- Developing a more effective approach to deal with emerging events
- Structuring the internal control process to focus on both business and fraud risks
- Building a better appreciation of critical internal controls
- Identification and simplification of overlapping processes
- Developing a structured fraud prevention strategy
This Risk Management: Internal Control & Fraud Prevention training course will enable delegates to enhance their personal knowledge in the following disciplines:
- Simplification of complex processes
- Learning why internal controls will not always protect you
- Internationally recognised risk management strategies
- Delivering enhanced benefits by linking risk, control and fraud prevention into one seamless process
This Risk Management: Internal Control & Fraud Prevention training course is suitable to a wide range of professionals but will greatly benefit:
- Risk Managers
- Business Managers in line functions
- Audit Managers and other auditors
- Quality Assurance Professionals
- Managers needing a broader understanding of risk and internal control
Daily Agenda
DAY 1:
The Power of Effective Risk Management
- The Importance of Managing Risks Efficiently and Effectively
- The Need to Embed the Risk Management Process
- The Key Link between Risk and Objectives
- Risk Measurement Techniques
- Selling the Benefits
- Ensuring an Effective Balance between Risk and Control
- ISO 31000 Risk Standard
- Risk Appetite – The least well understood aspect of risk?
DAY 2:
Effectively Managing the Risk Process
- Risk Mitigation Processes
- The Risk Register – and How to simplify them and optimise their value
- Identification of Risk Exposures – The 4 T’s
- Developing Action Plans and Improvement Opportunities
- Dealing with Over-managed Risks
- Linking the Output into the Business Planning Process
- Reputation Risk Management
- Engaging Stakeholders in the Process
DAY 3:
The Internal Control Environment
- The Need to See Internal Control as a Positive Process
- The Pressure on Internal Controls due to Leaner Business Structures
- The COSO Internal Control Integrated Framework
- The 3 Types of Control – Preventative, Detective and Corrective
- How to Get Senior Management to Take Internal Control Seriously
- Compliance with Procedures and Policies
- The Constantly Changing Regulatory Requirements
DAY 4:
The Key Pressures on the Internal Control Processes
- The Changing World Economy and the Impact on Controls
- The Ongoing Evaluation of the Control Environment
- Information Security
- Controls Over Technology
- Systems Development and the Risk to Internal Controls
- Internal and External Communications – and the Control Impact
- The Need for Internal Control Procedures Be Kept up-to-Date
DAY 5:
Proactive Fraud Prevention
- Why internal controls may not protect you against fraud?
- How to Implement a Best Practice Fraud Prevention Process
- Evaluating the Fraud Risks
- Developing a Fraud Consciousness Loop
- The Anti-fraud Policy
- Recognising the Patterns of Fraudulent Behaviour
- Promoting Integrity and Ethics Across the Organisation
Frequently Asked Questions
There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.
You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.
Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.
Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.
It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.
Enroll now
Click on a date to enroll and save your seat
Course customization available
Course customization available
This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly
