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 Conducting Successful Fraud Risk Assessments

Chapter Training
2019-01-13 08:30
2019-01-13 17:00
Ernst & Young, Montréal |  


The Institute of Internal Auditors of Canada, in conjunction with the Montreal chapter of the IIA, brings you a 2 day co​urse on how to run a fraud risk assessment. The facilitator and author of the course, Mary Breslin, has over 20 years of experience in the industry with a variety of companies in the US. This exciting and highly sought after course will support you as you develop the skills needed in running fraud risk assessments. The course details and how to register can be found below.

Course outline:

Principals for Managing Fraud Risk in an Organization

  • Governance
  • Fraud Risk Assessment
  • Prevention
  • Detection
  • Reporting

Fraud Risk Assessment Basics

  • Why conduct a Fraud Risk Assessment
  • Fraud Risk as part of an overall Enterprise Risk Management (ERM) Program
  • Potential obstacles and pitfalls for Fraud Risk Assessments
  • Best Practices in Fraud Risk Assessment
  • Internal Audit’s Role

Fraud Basics

  • The Fraud Triangle
  • ACFE 2014 Report to the Nation – Fraud Trends
  • Fraudsters – characteristics and behaviors
  • Fraud Schemes and Scenarios
    • Management override
    • Corruption
    • Financial Statement
    • Asset Misappropriation

Conducting a Fraud Risk Assessment

  • Approaches
  • Frameworks
    • Documenting
    • Categorizing, and
    • Weighing Risks
  • Identifying and Assessing Risks
    • Inherent Risk
    • Likelihood and Significance
    • People / Departments
    • Responses to Risks
    • Residual Risk
  • Using Fraud Risk / Detection Scorecards

Other Risks

  • Reputational Risk
  • Regulatory Risk
  • Legal Misconduct

Prevention and Detection

  • Prevention Programs
    • Control Activities
    • Human Resources
    • Anti-Fraud Training
    • Assessing Fraud Prevention Programs
  • Detection
    • Detective Controls
    • Continuous Auditing and Monitoring
    • Hotlines
    • Fraud Investigations

Examples of Templates and Documentation

  • Fraud Risk Assessment Documentation
  • Scorecards – Exposure, Prevention, Detection
  • Fraud Risk Frameworks
  • Fraud Audit Programs
  • Fraud Policy Decision Matrix
  • Reporting


Ernst & Young
Salle Vieux-Montréal
900, boul. De Maisonneuve Ouest, Bureau 2300
Montréal, QC H3A 0A8 Canada


Members : 1 045 $ | Non-Members : 1 100 $

Veuillez noter que cette formation est offerte en partenariat avec IAI Canada, et ne peut être incluse dans les forfaits avec rabais offerts par l'IAIM.

Un tarif de groupe avec rabais de 10% est offert à partir de 3 inscriptions provenant de la même organisation.