3-Hour “Breakfast & Learn” Workshop for Executives and Managers: Fraud Risk Assessment Check-Up
(Single Morning Session; 3 CPE Hours)

Since fraud can be a catastrophic risk, attending Certified Information Security’s Fraud Risk Assessment Check-Up can save your organization from disaster. If you do not proactively identify and manage your fraud risks, they could put you out of business almost overnight. Even if you survive a major fraud, it can damage your reputation so badly that you can no longer succeed independently. Certified Information Security’s 3-hour Fraud Risk Assessment Check-Up, led by Certified Fraud Examiner Allen Keele, can pinpoint opportunities to save your organization a lot of money, embarrassment, and even help you avoid fraud-related legal compliance liability.

Fraud is an expensive drain on an organization’s financial resources. In today’s globally competitive environment, no one can afford to throw away the 6% of revenues that represents the average, and largely hidden cost of fraud. If your organization learns to prevent even only half of that average cost, what is 3% of revenues worth? A lot. If your organization is not identifying and tackling its fraud costs, it is vulnerable to competitors who lower their costs by doing so. Fraud is a common risk that should not be ignored. Fraud is now so common that its occurrence is no longer remarkable. Any entity that has failed to protect itself appropriately from fraud should expect to soon discover that it is a victim of fraud.

Participating in this Fraud Risk Assessment Check-up is an inexpensive way to find out your organization’s vulnerability to fraud, and provides a great opportunity to ask questions from a professional Certified Fraud Examiner. Most organizations score very poorly in early fraud prevention checkups because they don’t have appropriate anti-fraud controls in place. By determining this early, they have a chance to fix the problem before becoming a victim of a major fraud.

Strong fraud prevention processes also help to increase the confidence of investors, regulators, audit committee members and the general public as to your organization’s commitment and ability to prevent, detect, and correct internal fraud and abuse issues. Naturally, this supports efforts to attract and retain capital as well.

What will we get from attending this morning-session breakfast-and-learn workshop? Who should come?
This workshop facilitates collaboration between an objective, independent fraud specialist, and the people within your organization who have extensive knowledge about its operations. The value of this workshop is directly proportionate to the degree of participation by the appropriate members of your organization. Sending the right people to attend will result in immediate improvement and savings to your organization; sending the wrong people will only waste your organization’s time and resources.

Only members of the senior management team and the Board of Directors have the ultimate authority on decisions regarding what fraud risks to accept or to reduce through internal controls and prevention. Since the same senior management team and the Board are also ultimately accountable to external stakeholders such as investors and regulators for how risk of internal fraud and abuse is controlled, it is absolutely imperative that senior members of management participate in this evaluation process. However, it is also valuable to involve employees at other levels and functions since they may sometimes provide the “reality check” that challenges the “rosier” view management often takes for granted. You organization’s internal auditors can bring extensive knowledge and a valuable perspective to an evaluation such as this, and are primary candidates as well.

During this 3-hour morning session (3 CPE credits with certificate documentation), Mr. Keele (Certified Fraud Examiner, Certified Information Security Manager, Certified Information Systems Auditor, Certified Information Systems Security Professional, and Risk Manager) will guide you and your team through a quantitative and scored assessment of your organization’s capabilities and business processes on critical fraud program elements such as:

  • Fraud Risk Oversight

  • Roles and responsibilities for controlling internal fraud for (recommended attendees):

  • Executive Board-Level and Officer-Level Management

    • Mid-Level Management

    • Employees

    • Risk Manager

    • Legal and Compliance

    • Public Relations

    • Employee Relations / Human Resources

    • Ethic Director

    • Auditor

    • Fraud Examiner/Investigator

    • Chief Security Officer

  • Fraud Risk Ownership

  • Enterprise-Wide Fraud Risk Assessment

  • Organizational Fraud Risk Tolerance and Risk-Management Policies

  • Internal Process Controls to Prevent, Detect, or Correct Internal Fraud

  • Internal Environmental Controls to Prevent, Detect, or Correct Internal Fraud

Get the tools your organization’s anti-fraud unit needs.
This professional fraud risk assessment check-up will provide the direction for starting a new fraud control and investigation unit, or for improving your organization’s existing fraud capability – without additional external help! In addition to the hard-copy assessment that each attendee will complete during the session, attendees will also receive at no extra charge:

  • A sample Fraud Policy Statement, which will provide the backbone of your anti-fraud capability; and

  • A sample Code of Ethics and Fraud Policy, which will provide a very comprehensive template to help management express what activity is permissible, what activity is not, and how infractions shall be disciplined.