AFP® Treasury Risk and Loss Controls Seminars

This seminar is designed to help you identify best practices to address the number one issue of importance among treasury professionals- how to safeguard against operational losses and spot suspicious activity. Learn practical approaches to fraud and loss prevention, detection, and response. Don't be another victim. Shore up your internal defenses today. Discuss real-life scenarios that will help you connect control concepts and best practices with reality

Learning Objectives:

• Understand and link risk management to other organizational initiatives
• Understand practical approaches to preventing losses in treasury processes and activities
• Recognize how effective internal controls can help prevent losses from occurring
• Understand the best practice tools used in risk management
• Understand the impact of organizational culture on risks

Take-Aways:

• Best Practice Templates for Risk Mapping and Risk/Control Matricies
• Survey Questions for Identifying Organization Culture Problems
• Survey Questions for the Risk Identification Process
• Selected AFP Exchange Articles
• Risk Management: A Risk Mapping Guide From AFP, 2005
• Risk Management Process Checklist
• Larry's Cheat Sheet - Risk Management

Topics Covered include:

Basic Risk Concepts and Terminology

• Basic Risk Terminology - Linking Objectives, Risks, and Controls
• Financial Risk Management
• Enterprise Risk Management
• Operational Risk Management
• Great Frauds - That Weren't Really So Great
• Financial Reporting Risks and Sarbanes-Oxley Act (SOX)
• Control Adequacy vs. Control Effectiveness
• The Overriding Importance of Organizational Culture

Tools for Managing Risks

• The Formal Definition of Internal Controls and ERM from COSO
• Risk Mapping - Identifying, Quantifying, and Prioritizing Risks
• Workshops and Surveys to Identify Risks and Organizational Culture
• Common Mistakes in Risk Identification
• Special Risks: Treasury Fraud, Outsourcing, Changing Environment
• Spotting Suspicious Activity - The Red Flags of Fraud
• Risk/Control Matrix - Mitigating Risks with Controls
• Essential Controls for Treasury Operations - What You Must Do
• Monitoring Risk Responses with Performance Measures and Metrics

Implementing Risk Management Strategies

• Why Do Anything? - It Always Happens to The Other Guy
• The Real-Life Ways Bad Things Happen - It is not Rocket Science
• The Role of Internal and External Auditing
• AFP Risk Management Process Checklist

Gain Continuing Education Credits

	CTP/CCM Recertification Credits Treasury Risk and Loss Controls is approved for up to 11 CTP/CCM recertification credits. Credit is earned at the rate of one credit per 50 minutes of treasury/cash management or finance-related session time, including questions and answers.
	CPE Credit The Association for Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Eligible for up to 11 CPE Credits Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org

For more information regarding administrative policies, including submitting a complaint, please contact  AFP at 301.907.2862 or by email at AFP@AFPonline.org.