Until recently, a percentage of organizations discounted the risk related to external fraud attempts. Most were only concerned with protecting physical assets such as inventory or fixed assets. However, because of the many highly publicized corporate hacking events, such as the ones that affected the Colonial Pipeline and JBS Meats, more attention is being paid to external fraud risk of all types. In this session, we look at what is included in a definition of external fraud and then delve into specific control issues that can give rise to increased risk. We then discuss measures that organizations can employ to help reduce exposure to external attacks. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Determine the steps needed to implement a developed system of internal controls
- Apply steps to build control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization
- Analyze developed control measures to make sure they are working properly
- Determine why there is a need to update existing controls to keep them viable as business operations change
- Identify methods that can be used to communicate policy and procedure changes to those that are affected by these changes
Major Topics
The major topics covered in this course include:
- The benefits and pitfalls of remote employees.
- How to maximize the value provided by distance workers.
- Policies, procedures, and control measures designed for a more geographically dispersed workforce.
