COSO Fraud Risk Management

Starts 13 Jun 2022

Overview

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TITLE:

COSO Fraud Risk Management

OVERVIEW:

Learn how to understand, develop and evaluate essential components of a Fraud Risk Management system in an organisation. All the components of the COSO Fraud Risk Management (FRM) framework will be covered through guidance on tools, tricks and procedures and by means of several good practice examples.

You will be coached on the set-up of a FRM system adapted to your organisation’s needs through a series of exercises, individual feedback sessions and class discussions.

TARGET AUDIENCE:

Internal auditors, audit managers and directors with basic knowledge on COSO ERM but with a key interest in learning how to understand and be able to evaluate an organisation’s fraud risk management system.

COURSE OBJECTIVES:

• Learn how internal audit can and should play a role in (evaluating) an organisation’s fraud risk management system
• Obtain profound knowledge of fraud risk management and specific components which will enhance your understanding on the effectiveness of fraud risk system components
• Receive guidance in setting up an audit work program for evaluating an organisation’s fraud risk management system

COURSE CONTENT:

• Guidance on key aspects of the 5 Fraud Risk Management principles: Fraud Risk Governance, Fraud Risk Assessment, Fraud Control Activities, Fraud Investigation (and Corrective Action) and Fraud Risk Management Monitoring Activities.
• Tips and tricks on how to practically implement a Fraud Risk Management system that is adapted to the needs of your organisation by covering good practices, easy-to-use templates and tools, and basic procedures.
• Individual coaching on the set-up of a FRM system adapted to your organisation through exercises on assessment of fraud risk, design of essential fraud prevention and detection controls, and monitoring the functioning of the Fraud Risk Management system.

PREREQUISITES:

To have read the complimentary COSO FRM Guide executive summary (13 pages) in detail and be familiar with the “Fraud Risk Management Guide” will be provided upfront as an eBook to each participant.

COSO Fraud Risk Management

This one-day training class helps auditors and audit managers to understand, develop and evaluate essential components of a Fraud Risk Management system in an organisation.

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Facilitator

About the facilitator

Koen Albers

Audit and Governance Expert
LinkedIn

  • Directed and managed audit/risk departments in various environments and industries; gained expertise in the domains of governance, (fraud) risk management, data protection, compliance management and internal audit.
  • Working experience in industries such as banking/insurance, ICT services, health services, utilities and transport in both private (international) and public sector organisations.
  • Past president and current vice-president of the Belgian chapter of the Association of Certified Fraud Examiners (ACFE), member of several audit committees and regular speaker/instructor at (inter)national audit/fraud conferences.