Risk Management: Internal Controls & Fraud Prevention


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 seminar, you’ll learn how to:

  • Develop and implement a risk management strategy
  • Strengthen controls, limit risk and prevent fraud
  • Reduce risk with hedging, derivatives and insurance options
  • Manage a crisis

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.

  • 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
  • Studying why staffing issues are a key component of risk management
  • Learning how to use IT as a key factor in a risk management control program
  • Using hedging and derivatives as part of a risk management program
  • Integrating an ERM framework within COSO
  • Making effective use of business insurance in risk management



No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: