Risk Management: Internal Control & Fraud Prevention

The Keys to Success in our Ever-Changing World

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Date Duration Venue Fees
12-16 Aug 2024 5 Days Dubai - UAE US$4,450 Register
14-18 Oct 2024 5 Days Boston - USA US$6,450 Register
16-20 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

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 struggling to deal with its challenges.

This Risk Management: Internal Control & Fraud Prevention training course will enable the participants to develop and deliver a systematic plan to strengthen their risk management, fraud prevention, and internal control environment. Dealing with these challenges requires extensive knowledge of risk management, effective internal control, and proactive fraud prevention techniques, and this is precisely what the participants will find in this programme.

Course Objectives

After the training course, the participants will learn to:

  • Ensure the organisation 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

Target Audience

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Risk Managers
  • Business Managers in Line Functions
  • Audit Managers and other Auditors
  • Quality Assurance Professionals
  • Managers need a broader understanding of Risk and Internal Control

Training Methodology

The participants will learn by active participation through inspiring presentation tools and interactive techniques presented in a lively, enthusiastic and exciting style; they will participate in practical exercises, case studies, and an EMS step-by-step practical workshop.

This training course is presented using PowerPoint presentations and videos; case studies enhance the learning outcome. Active participation will be encouraged so the delegates can gain through the group’s personal experiences.

Course Outline

Day One

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 Two

Effectively Managing the Risk Process

  • Risk Mitigation Processes
  • The Risk Register: 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 to the Business Planning Process
  • Reputation Risk Management
  • Engaging Stakeholders in the Process
Day Three

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 Four

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 Controls Procedures be Kept Up-to-Date
Day Five

Proactive Fraud Prevention

  • Why may internal controls 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


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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