An Intensive 5-day Training Course
Risk Management:
Internal Control & Fraud Prevention
The Keys to Success in our Fast-Changing World
Scheduled Dates
Classroom
| 09 - 13 Dec 2024 | London - UK | $5,950 | RESERVE A SEAT |
| 06 - 10 Jan 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 27 - 31 Jan 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 26 - 30 May 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 28 Jul - 01 Aug 2025 | Paris - France | $5,950 | RESERVE A SEAT |
| 18 - 22 Aug 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 13 - 17 Oct 2025 | Singapore | $5,950 | RESERVE A SEAT |
| 15 - 19 Dec 2025 | London - UK | $5,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
In the ever-changing business environment, encountering risk 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 Risk Management training course will enable you to develop and deliver a systematic plan to strengthen your risk management, fraud prevention and internal control environment.
This PetroKnowledge 'Risk Management: Internal Control & Fraud Prevention' 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
What are the Goals?
After completing this 'Risk Management: Internal Control & Fraud Prevention' training course, you will be able to:
- Ensure your organization 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
Who is this Training Course for?
This 'Risk Management: Internal Control & Fraud Prevention' training 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
- Managers needing a broader understanding of risk and internal control
How will this Training Course be Presented?
- 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 simulate audit scenarios and situations that assurance professionals will encounter)
- A short examination will be given at the end of the course
Organisational Impact
This training 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.
This 'Risk Management: Internal Control & Fraud Prevention' 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
This 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
Daily Agenda
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
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
