Risk Management: Internal Controls & Fraud Prevention Self-Study Webinar (10 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:

  • Develop and implement a risk management strategy
  • Strengthen controls, limit risk and prevent fraud
  • Manage a crisis
  • Differentiate key performance indicators from key risk indicators

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
  • Utilizing financial statements, key performance indicators and common accounting tools to control risk
  • Identifying ways to use key performance indicators to control risk
  • Learning the role of policies and procedures in risk control
  • Learning how to use IT as a key factor in a risk management control program
  • Integrating an ERM framework within COSO
  • Making effective use of business insurance in risk management
  • Understanding evolving cybersecurity threats in a post-COVID business world
  • Efficiently utilizing risk disclosures

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

• Identify appropriate risk management metrics

• Identify the goals of an effective risk management program

• Recognize the relationship between the ERM framework, risk assessment, and the COSO framework

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

• Identify the “building blocks” in a risk management program

• 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 common metrics used by organizations to indicate increasing risk exposure

• 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 relative attention given to an entity’s internal controls by regulators

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

• Recognize an organization’s likelihood of being subject to a cyber attack

• Recognize the characteristics all business cyber attacks have in common

• Recognize effective risk alignment strategies

• Recognize specified statistics on recent cybersecurity incidents

• Recognize the role of insurance in risk management programs

• Recognize the cyber risks unique to employees working from home

• Identify the expenses covered by specified cyber insurance policy coverage areas

• Identify suggested public relations strategies for a breach

• Identify the regulatory players within the cybersecurity realm

• Recognize the role of the Department of Homeland Security in cybersecurity matters

• Recognize the focus of the SEC’s jurisdiction over cybersecurity




No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: