KCS Academy

Fraud Risk Assessment in Practice

Build a fraud risk register your board can act on

Duration: 1 day (7 hours)
Format: Live workshop · on-site or online
Level: Intermediate

Overview

A fraud risk assessment is the foundation of every credible anti-fraud programme — and one of the most frequently missing. This course walks through the full method: scoping, brainstorming fraud scenarios with process owners, rating likelihood and impact, mapping existing controls and deciding on residual-risk responses.

You will practise on a realistic company case and leave with a fraud risk register template and a heat map you can adapt immediately.

Who it is for

Internal audit, compliance and risk teams, finance managers and audit committee members.

What participants will be able to do

Run fraud-scenario workshops with process owners
Score inherent and residual risk consistently
Map anti-fraud controls to the risks they mitigate
Present results to management and the audit committee

Curriculum

Module 01Why fraud risk assessments fail — and how to make them useful
Module 02Scoping by entity, process and system
Module 03Fraud scenario identification and management override
Module 04Likelihood, impact and risk scoring
Module 05Control mapping and gap analysis
Module 06Residual risk responses and monitoring analytics

2 days (14 hours)Intermediate to advanced

Forensic Audit & Fraud Investigation Masterclass

The flagship programme: fraud schemes, red flags, forensic analytics and how to run an investigation that stands up to scrutiny.

Live in-house session: On request
Self-study package: —

1 day (7 hours)All levels

Whistleblower Investigations: From Report to Resolution

Triage, investigate and close whistleblowing reports in line with the EU Whistleblowing Directive and good investigative practice.

Live in-house session: On request
Self-study package: —

1 day (7 hours)Foundation to intermediate

Internal Controls & SOX 404 Essentials

COSO 2013, risk & control matrices, key-control and ITGC testing, deficiency evaluation — explained by a practitioner.

Live in-house session: On request
Self-study package: —