Risk Management: Internal Controls & Fraud Prevention - Part 1 Self-Study Webinar (5 Hours)


Many organizations have gone through extensive efforts to comply with Sarbanes-Oxley and other internal control regulations to ensure accuracy in their financial statements. But financial statement controls cover only a small area of risk and often ignore the far greater risks resulting from weak operational and other financial controls. In this self-study webinar, you’ll learn how to:

  • Define acceptable levels of risk and the accountant’s role in risk management
  • Identify fraud and other risk factors
  • Strengthen controls, limit risk and prevent fraud

This targeted self-study webinar will provide you with a firm grasp of the common financial and operational risks that still confront companies and what you need to do, beyond insuring against them, to manage those risks.

  • Defining risk and quantifying acceptable levels of risk
  • Determining the accountant’s responsibilities in risk management
  • Analyzing the conditions, detection and control methods for fraud
  • Integration of an ERM framework within COSO

• Identify the basis upon which risk management programs should be established

• Identify appropriate risk management metrics

• Recognize the step to be taken after senior management has established an organization’s strategic goals

• Recognize the role of fraud within the COSO framework

• Identify the categories of risk to be considered within a risk management program

• Identify the perspective from which the ERM framework identifies risks

• Recognize the perspective from which key performance indicators are typically viewed

• Identify the role of insurance in risk management

• Recognize the optimum timing for evaluation and monitoring of existing risk management strategies

• Recognize the requirements for the identification of problems with current risk management strategies

• Identify the relative role of MIS in controlling risk

• Identify risks unique to MIS

• Identify recommended MIS user access controls

• Recognize recommended steps for the MIS prevention of data loss

• Recognize the changes to SSAE No. 18 relative to SSAE No. 16

• Identify the SSAE No. 18 changes to the SOC 2 report

• Identify the general characteristics of an effective service organization’s control environment




No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: