2 day Training on Fraud and Risk (Self) Assessments Using Process Mapping and Documentation, Questionnaires and Root Cause Analysis

A number of different approaches to risk assessment have been developed, yet companies face challenges in deciding which approach to take:

Banking, Finance, Investing, Accounting

2 day Training on Fraud and Risk (Self) Assessments Using Process Mapping and Documentation, Questionnaires and Root Cause Analysis 12-13 Dec 2013 Grand Hyatt San Francisco, San Francisco, USA
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Course Description:
“In any business endeavor, if you don’t know exactly what to do or how to do something, it gets complicated really fast- and you waste a lot of time and money.”Joan Pastor, PhD
A number of different approaches to risk assessment have been developed, yet companies face challenges in deciding which approach to take: a method that brings benefits to one may not be good enough for another. An important part of assessing risk and the effectiveness of controls is knowing exactly how to maximize the power of business, strategic, IT, operation, financial, assurance, tangible and intangible processes. Efficient and effective processes are the lifeblood of an organization. Research shows that 95% of people in any organization want to do well, but 95% of the processes in an organization are the key cause for an organization’s failure due to certain specific bad risks and deliberate fraud and wrongdoing.

Learning Objective:
-Learn how to identify fraud and significant risks related to any business function through your clients’ eyes and assess the existence and strength of controls against the fraud or risk exposure.
-Learn why “narratives,” flowcharting software and most traditional flowcharting techniques do NOT work for risk analysis, and how to use the copyrighted © JPA Top Down Risk Analysis Mapping Process to get to the real processes, procedures, risks and controls.
-Learn how work diagrams, parallel flowcharts, critical pathing and mapping symbols fit in.
-Learn C-E diagramming and another tool to get to “root cause” vulnerabilities, and how to map controls to root cause analysis.
-Learn how to incorporate residual risk, inherent risk and current risk into your model.
Questionnaires: Likert scales, Thornton forced-choice responding procedures, and designing questionnaires that are valid and reliable.
-Learn how to gain “buy-in” from others to new ideas you want them to consider and changes you need them to make.
-Learn critical facilitation tools and techniques for getting the best quality information.
-Learn the best process for both gathering and distributing risk and fraud information to the highest levels in your organization.
-Learn how and why processes and procedures become so problematic, and how to create processes that really work, and really achieve the outcomes they were meant to accomplish.
-Learn how to communicate technical concepts that are hard for the average person, including executives, to understand in such a manner that gains their buy in.
-Learn the signs and “red flags” by analyzing organizational systems that indicate an increased chance of unmitigated risk and current fraud.
Obtain a special overview on white collar criminals, how they think, and how to apply that information to your fraud and risk programs.

Who will Benefit:
This course is designed for anyone who wants to learn how to obtain real current and potential frauds and risks in their company or function, or who wants to teach others how to analyze their own processes, risks, potential frauds and controls in order to more quickly reach their goals as well as increase their efficiency and effectiveness. The following personnel will benefit from attending the course:

-Internal and External Auditors
-Regulatory & Compliance Personnel
-Fraud Managers
-Company Executives
-Finance and Accounting Management
-Risk Managers
-Internal Control Professionals