Risk Management: Internal Controls & Fraud Prevention

Overview: 

Many organizations have gone through extensive efforts to comply with internal control regulations to ensure accuracy in their financial reporting. But in today's financial world, even far greater risks continue to rise up, resulting from weak operational and other financial controls. In this seminar, you’ll learn how to:

  • Develop and implement a risk management program
  • Strengthen controls, limit risk and prevent fraud
  • Differentiate key performance indicators from key risk indicators
Objective: 

This targeted seminar 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.

Emphasis: 
  • Eight building blocks in establishing a strong risk management program
  • Enterprise Risk Management (ERM)
  • Quality of data for key risk indicators
  • SEC disclosures
  • SEC concept release
  • Cybersecurity release and disclosures
  • Climate change
  • Geographic conflict
  • Inflation and interest rates
  • Generative artificial intelligence
    – Financial risk strategy and application
    – Limitations
    – Third party risk
    – SSAE 18 update
    – SOX II report
  • Cybersecurity risks expectations
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
8.00
NASBA Field of Study: 
Auditing