An Interactive 5-Day Training Course

Risk Management: Internal Control & Fraud Prevention

The Keys to Success in our Fast-Changing World

15 - 19 Dec 2025

London

| $5950

26 - 30 Jan 2026

Dubai

| $5950

08 - 12 Jun 2026

Dubai

| $5950

27 - 31 Jul 2026

Paris

| $5950

17 - 21 Aug 2026

Dubai

| $5950

14 - 18 Dec 2026

London

| $5950

Introduction

In the ever-changing business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation and one that is struggling to deal with the challenges facing it.

To deal with these challenges requires extensive knowledge of risk management, effective internal control and proactive fraud prevention techniques. This is exactly what you will find in this course. This Risk Management training course will enable you to develop and deliver a systematic plan to strengthen your risk management, fraud prevention and internal control environment.

This GLOMACS Risk Management: Internal Control & Fraud Prevention training course will highlight:

The power of an integrated approach to risk management and internal control
A proven approach to grab management’s attention regarding risk and control
A simple method to reduce unnecessary controls
How to develop an effective fraud prevention strategy

Key Learning Outcomes

After completing this Risk Management: Internal Control & Fraud Prevention training course, you will be able to:

Ensure your organization has an effective balance between risk and internal control
Explain to management the benefits of an enterprise –wide approach to risk and internal control
Apply the different techniques for identifying and managing risks
Ensure that preventative, detective and corrective controls are in place
Link risk management and internal control into the business planning process
Implement an effective fraud prevention process
Promote a culture of integrity and ethics across the organisation

Training Methodology

This is a basic / intermediate level course and delegates are not required to have any previous experience in risk management or fraud prevention to attend
Delegates should have a good educational standard and/or a professional qualification
No advance preparation is required
Delivery method – Group-live (with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter)
A short examination will be given at the end of the course

Risk Management: Internal Control & Fraud Prevention

Who Should Attend?

This training course will benefit organisations in all business sectors. It will provide the basis for implementing an integrated risk management, internal control and fraud prevention infrastructure. The financial and operational benefits will be significant.

This Risk Management: Internal Control & Fraud Prevention training course will enable organisational knowledge to be enhanced in the following areas:

Enhancing the current risk management process
Developing a more effective approach to deal with emerging events
Structuring the internal control process to focus on both business and fraud risks
Building a better appreciation of critical internal controls
Identification and simplification of overlapping processes
Developing a structured fraud prevention strategy

Learning Journey Breakdown

The Importance of Managing Risks Efficiently and Effectively
The Need to Embed the Risk Management Process
The Key Link between Risk and Objectives
Risk Measurement Techniques
Selling the Benefits
Ensuring an Effective Balance between Risk and Control
ISO 31000 Risk Standard
Risk Appetite – The least well understood aspect of risk?

Risk Mitigation Processes
The Risk Register – and How to simplify them and optimise their value
Identification of Risk Exposures – The 4 T’s
Developing Action Plans and Improvement Opportunities
Dealing with Over-managed Risks
Linking the Output into the Business Planning Process
Reputation Risk Management
Engaging Stakeholders in the Process

The Need to See Internal Control as a Positive Process
The Pressure on Internal Controls due to Leaner Business Structures
The COSO Internal Control Integrated Framework
The 3 Types of Control – Preventative, Detective and Corrective
How to Get Senior Management to Take Internal Control Seriously
Compliance with Procedures and Policies
The Constantly Changing Regulatory Requirements

The Changing World Economy and the Impact on Controls
The Ongoing Evaluation of the Control Environment
Information Security
Controls Over Technology
Systems Development and the Risk to Internal Controls
Internal and External Communications – and the Control Impact
The Need for Internal Control Procedures Be Kept up-to-Date

Why internal controls may not protect you against fraud?
How to Implement a Best Practice Fraud Prevention Process
Evaluating the Fraud Risks
Developing a Fraud Consciousness Loop
The Anti-fraud Policy
Recognising the Patterns of Fraudulent Behaviour
Promoting Integrity and Ethics Across the Organisation

Ready to Take the Next Step?

Reserve your slot today and start your learning journey with us.

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