Fraud Risk/Controls Auditing

Event dates: 07 Mar 2022, 08 Mar 2022





Fraud Risk/Controls Auditing


Develop your capabilities to assist management in their fight against fraud. Participants will learn to how to build a tailored approach for fighting fraud. Throughout the course good practice methods and techniques will be discussed and applied to real-life cases and situations.

The course includes guidance on:

• Auditing Fraud Risk Governance (including an introduction on Fraud Risk Essentials)
• Auditing Fraud risk preventive and detective control activities
• Auditor involvement in the Fraud Incident Response and Investigation

Each topic will cover references to good practice frameworks, typical risks and how these can be controlled, and auditing tips and tricks. Fraud risks, controls and audit testing techniques for a selection of typical high risk business and support processes will be discussed and explained on the basis of real-life situations.


Audit directors, managers and senior staff with three or more years of practical auditing experience who want to strengthen their ability to improve the organisation’s Fraud Risk Management processes and apply fraud control procedures in their audit assignments.


• Understand core Fraud Risk Management concepts from the Internal Audit perspective.
• Examine the opportunity for Internal Audit to play a key role in Fraud Risk Governance and prevention of Fraud.
• Learn how fraud is found and how to increase the probability of detecting fraud.
• Explore fraud risks in the procure-to-pay and order-to-cash cycle and in typical high-risk areas such as expense reimbursement, credits and refunds, and overstatement of work performed.


• Concepts such as the Fraud triangle, ACFE’s fraud scheme classification tree, the COSO Fraud Risk Management (FRM) principles and applicable IIA guidance material.
• Tools and techniques to assess the maturity of an organization’s Fraud Risk Governance system, to assess applicable fraud risks and to prevent and detect such risks
• Audit procedures to detect fraud in procurement, financial statements, warehouse management and other high risk processes

Fraud Risk/Controls Auditing

This two-day training class will help auditors to develop their capabilities to assist management in their fight against fraud.

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About the facilitator

Koen Albers

Experienced Professional in Data Privacy, Auditing and Fraud Risk Management

Koen Albers’s experience includes over 20 years in internal audit, IT governance, data protection and fraud risk management. After 10 years as an ICT project manager in banking and insurance (Belgium and Norway), his career as an auditor started with an international ICT service provider, EDS, where he quickly became manager and director responsible for the audit function in EMEA and Asia-Pacific, managing a team of 20+ auditors. In 2009, he switched to the public sector where he has developed or reorganised the internal audit function in De Watergroep, MIVB-STIB and Port of Antwerp. Since 2018, Mr. Albers has been consulting and advising organisations in the domains of governance, data privacy and protection, fraud risk management and internal audit. For the last 10 years, he’s also providing training on internal audit, data protection and fraud risk management. Mr. Albers is a member of the VDAB and the OISZ audit committee and is a board member of Cera and ACFE Belgium. He has a Master’s degree “Commercial and Managerial Engineer” (KU Leuven), and is a Certified Information Systems Auditor (CISA), Fraud Examiner (CFE), Information Security Manager (CISM) and a Licensed Private Detective.