Introduction

Organisations today operate in environments marked by constant change, increasing complexity, and heightened exposure to operational, financial, and integrity-related risks. Without effective risk management and internal control, organisations can struggle to respond to emerging threats, regulatory expectations, and ethical challenges. This Risk Management: Internal Control & Fraud Prevention training course addresses the critical need for integrated approaches that balance risk-taking with control effectiveness while safeguarding organisational value.

The course focuses on how risk management, internal control, and fraud prevention operate as interconnected disciplines rather than isolated activities. It provides a structured framework for identifying and managing risk, simplifying control environments, and strengthening fraud prevention mechanisms. Participants gain practical insight into embedding these practices into business planning, decision-making, and organisational culture.

 

Key Learning Outcomes

At the end of this training course, participants will be able to:

Training Methodology

This training course adopts a practical, scenario-based learning approach designed to build confidence in applying risk management, internal control, and fraud prevention techniques. Participants engage in facilitated discussion, applied case analysis, and structured exercises that reflect real governance, assurance, and control challenges.

Risk Management: Internal Control & Fraud Prevention

Who Should Attend?

This training course is ideal for professionals seeking to…

  • Risk management and governance professionals
  • Internal control and compliance practitioners
  • Internal audit and assurance specialists
  • Finance and operational managers
  • Fraud prevention and ethics officers
  • Senior professionals responsible for organisational control environments

 

Course Outline

Day 1

The Power of Effective Risk Management

  • 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?
Day 2

Effectively Managing the Risk Process

  • 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
Day 3

The Internal Control Environment

  • 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
Day 4

The Key Pressures on the Internal Control Processes

  • 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
Day 5

Proactive Fraud Prevention

  • 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

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.

Ready to Take the Next Step?

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FAQs

This training course demonstrates how risk management and internal control function as complementary disciplines. Participants learn how to align risk assessment with control design to strengthen governance and assurance outcomes.  

Yes, the training course focuses on proactive fraud prevention by identifying fraud risks, strengthening controls, and embedding ethical awareness. It provides practical frameworks to reduce vulnerability to fraudulent behaviour.  

The training course is suitable for both emerging and experienced professionals. It provides structured foundations while also addressing practical challenges faced by organisations.  

The course links risk management, internal control, and fraud prevention to governance oversight, management accountability, and ethical leadership, supporting stronger organisational assurance.  

Participants gain the ability to improve risk oversight, simplify control environments, and implement effective fraud prevention practices that protect organisational performance and reputation.  

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