An Intensive 5-day Training Course

Risk Management: Internal Control and Fraud Prevention

The Keys to Success in our Fast-Changing World

NASBA

Course Introduction

In the ever-changing business environment, encountering risks is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation and one that is struggling to deal with the challenges facing it.

To deal with these challenges requires extensive knowledge of risk management, effective internal control and proactive fraud prevention techniques. This is exactly what you will find in this course.

This training Course will enable you to develop and deliver a systematic plan to strengthen your risk management, fraud prevention and internal control environment.

This Oxford Management Centre training Course will highlight:

  • The power of an integrated approach to risk management and internal control
  • A proven approach to grab management's attention regarding risk and control
  • A simple method to reduce unnecessary controls
  • How to develop an effective fraud prevention strategy?

Objectives

After completing this training course you will be able to:

  • Ensure your organisation has an effective balance between risk and internal control
  • Explain to management the benefits of an enterprise-wide approach to risk and internal control
  • Apply the different techniques for identifying and managing risks
  • Ensure that preventative, detective and corrective controls are in place
  • Link risk management and internal control into the business planning process
  • Implement an effective fraud prevention process
  • Promote a culture of integrity and ethics across the organisation

Training Methodology

  • This is a basic/intermediate level course and delegates are not required to have any previous experience in risk management or fraud prevention to attend
  • Delegates should have a good educational standard and/or a professional qualification
  • No advance preparation is required
  • Delivery method- Group-live (with exercises and role-plays to stimulate audit scenarios and situations that assurance professionals will encounter)
  • A short examination will be given at the end of the course

Organisational Impact

This course will benefit organisations in all business sectors. It will provide the basis for implementing an integrated risk management, internal control and fraud prevention infrastructure. The financial and operational benefits will be significant.

The training course will enable organisational knowledge to be enhanced in the following areas:

  • Enhancing the current risk management process
  • Developing a more effective approach to deal with emerging events
  • Structuring the internal control process to focus on both business and fraud risks
  • Building a better appreciation of critical internal controls
  • Identification and simplification of overlapping processes
  • Developing a structured fraud prevention strategy

Personal Impact

The training course will enable delegates to enhance their personal knowledge in the following disciplines:

  • Simplification of complex processes
  • Learning why internal controls will not always protect you
  • Internationally recognised risk management strategies
  • Delivering enhanced benefits by linking risk, control and fraud prevention into one seamless process

Who Should Attend?

This Oxford course is suitable to a wide range of professionals but will greatly benefit:

  • Risk Managers
  • Business Managers in line functions
  • Audit Managers and other auditors
  • Quality Assurance Professionals
  • Managing needing a broader understanding a risk and internal control

Course Outline

Day One

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 Two

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 Three

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 Four

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 Five

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

Certificate

Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.

Accreditation

NASBA

In association with

GLOMACS Training & Consultancy

GLOMACS Training & Consultancy

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KC Academy

KC Academy

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PetroKnowledge

PetroKnowledge

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The Energy Training Centre

The Energy Training Centre

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Risk Management: Internal Control and Fraud Prevention
Duration
5 days
Format
Classroom
Language
English
Certificate
Yes
Choose the date and location that suits you:
Classroom Sessions
Dubai
26-30 May 2025
Fee: $5,950
Book your place
Paris
28 Jul-01 Aug 2025
Fee: $5,950
Book your place
Dubai
18-22 Aug 2025
Fee: $5,950
Book your place
Singapore
13-17 Oct 2025
Fee: $5,950
Book your place
Abu Dhabi
10-14 Nov 2025
Fee: $5,950
Book your place
London
15-19 Dec 2025
Fee: $5,950
Book your place
Dubai
26-30 Jan 2026
Fee: $5,950
Book your place
Dubai
08-12 Jun 2026
Fee: $5,950
Book your place
Paris
27-31 Jul 2026
Fee: $5,950
Book your place
Dubai
17-21 Aug 2026
Fee: $5,950
Book your place
Singapore
12-16 Oct 2026
Fee: $5,950
Book your place
Abu Dhabi
09-13 Nov 2026
Fee: $5,950
Book your place
London
14-18 Dec 2026
Fee: $5,950
Book your place

FREQUENTLY ASKED QUESTIONS

To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us

Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:

Yes, Oxford Management Centre is accredited by the following professional bodies;

National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.

Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]

Note: Discounts are not applicable with any other special offer that may be available.

There are 2 easy ways to register:

  • Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
  • E-mail: Send your details to [email protected]

We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.

For more information request, email [email protected] or call +971 50 985 0174.

The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.

While, online training fees cover the course presentation and digital documentation and relevant materials.

The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.

Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.

Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.

Upon receipt of your registration form, we will send you the following by e-mail:

  • Registration Confirmation
  • Invoice/Receipt (where appropriate)

If you register online you will receive an e-mail within 24 hours confirming your registration.


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