Fraud risk management

General objective

Effective fraud risk management requires an integrated approach. Too often, businesses implement some helpful practices, but overlook other principles that ensure the full spectrum of their unique risks is addressed. This holistic approach brings together key principles and practices using the 2016 updated COSO fraud risk management framework. Case discussions, sample codes of conduct, fraud policies, fraud risk checklists, numerous examples and other practical materials designed to help participants build a corporate culture and framework that prevents and detects fraudulent activity. 



Objectives

This training activity provides “real life” examples of fraud and examples based on instructor and participant experiences. It explains why we need to manage fraud. It then provides an integrated approach, describing the five key COSO principles of fraud risk management.

Topics

  • Why do we need to manage fraud risks
  • COSO framework for fraud risk management
  • Principle 1: Governance – creating an ethical environment: discussion about codes of conduct, fraud policies, hotlines, ethics training, employee declarations, and other practices 
  • Principle 2: Comprehensive fraud risk assessment: fraud indicators and red flags, and a series of fraud risk assessment cases
  • Principle 3: Preventive and detective fraud control activities: a high-level overview of potential controls
  • Principle 4: Fraud investigation protocol: high-level overview on how to properly react to fraud, investigation considerations, taking corrective action and fidelity insurance matters
  • Principle 5: Fraud risk management monitoring: ongoing evaluation and timely communication, with an introduction to data analytics

Target audience

This training activity will benefit members in industry who require knowledge of potential fraud indicators in their transaction streams, and how to develop an integrated approach for effective fraud risk management, and public practitioners who want to better identify indicators of potential fraud which can assist in the conduct of an effective audit.

Note

There is some overlap between this training activity and Fraud Happens – What to Do When you Suspect Fraud, which focuses on COSO Principle 4 and goes into much more detail about relevant investigate and legal tools and techniques to perform investigations.

Description complète



Séance(s)
Pour tous

Saison de formation : 2019-2020
No de séance : 5012
Date de début : 2020-01-28, 08:30
Date de fin : 2020-01-28, 16:30
Durée : Un jour
Animateur : Marc Yvan Tassé, CPA auditeur, CA
Renseignements complémentaires :

Grille tarifaire

1 place disponible

  Membre CPA Non-membre
À la carte 625,00 $ 775,00 $
Passeport CPA 775 CDP ou
525 CDP + 100,00 $
S/O
Passeport Multi-CPA 775 CDP ou
525 CDP + 100,00 $
S/O
Passeport Multi-usagers 775 CDP ou
525 CDP + 100,00 $
925 CDP ou
675 CDP + 100,00 $
Promo CPA 775 CDP ou
525 CDP + 100,00 $
S/O

Pour tous

Saison de formation : 2019-2020
No de séance : 7531
Date de début : 2020-02-27, 08:30
Date de fin : 2020-02-27, 16:30
Durée : Un jour
Animateur : Marc Yvan Tassé, CPA auditeur, CA
Renseignements complémentaires :

Grille tarifaire

16 places disponibles

  Membre CPA Non-membre
À la carte 525,00 $ 675,00 $
Passeport CPA 525 CDP S/O
Passeport Multi-CPA 525 CDP S/O
Passeport Multi-usagers 525 CDP 675 CDP
Promo CPA 525 CDP S/O

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