Le Centre Sheraton Montréal Hotel | September 30 - October 3, 2018

Fraud Risk Assessment – Interesting Facts and How to Effectively Apply the New COSO Fraud Risk Management Guide

27 Sep 2017
8:10 - 9:00
Salon 5/6

Fraud Risk Assessment – Interesting Facts and How to Effectively Apply the New COSO Fraud Risk Management Guide

This presentation will cover the new COSO Fraud Risk Management guide that was released at the end of October 2016 as well as discuss some interesting fraud “facts” from the 2016 Canadian and International editions from the CFE Report to the Nations on Occupational Fraud and Abuse (the “Climate of Change”).  The presentation will then discuss how should an organization apply the new Fraud guide to their fraud programs (“Exploring Opportunities”).  
 
Fraud Risk is itself a climate of change.  The presentation of the 2016 CFE Report facts will enable the audience to see the relevance and presence of different kinds of frauds and fraud risks and how they occur with specific relevance to Canadian events.  
 
In order to explore the opportunities around how can Internal Audit help to manage those fraud risks, the presentation will discuss the new COSO Fraud Risk Management guide and how it can help an organization and what your organization should do.  The session will discuss how to effectively conduct a fraud risk assessment and how to be proactive in managing these risks.  Finally, as part of the “Exploring Opportunities”, the presentation will integrate with other tracks for the sessions by introducing a fraud risk management program through the development of continuous monitoring to evaluate, remedy and continuously improve an organizations fraud detection techniques.