FVC2118. Fraud Risk Assessments

Risk assessments are part of the discipline of risk management, where enhanced frameworks and techniques have emerged. Risk management comprises the identification, assessment, and prioritization of risks followed by the coordinated and efficient use of resources to monitor, minimize, and otherwise control the impact of the risks on the organization.

Risks arise in many forms and can range from uncertainty in financial markets, operational failures, natural disasters, and pandemics, to legal liabilities and reputational harms.

This session will focus on fraud risk assessment and how to conduct the assessment and how to use it effectively.

Learning Objectives:

• Learn a best in class methodology for conducting a fraud risk assessment.
• Understand how to use the fraud risk assessment to enhance your ethics training.
• Identity common pitfalls in the fraud risk assessment process.