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Internal Control and Fraud Prevention

Aldo Moauro

Microfinance institutions that are in the process of evolution and growth, often notice increased operating risk. The definition of operational risk is direct or indirect losses resulting from internal processes, personnel, systems, inadequate or failed external events, as well as fraud.  Inadequately managed operational risk and the lack of a robust internal control environment can hinder achieving long-term sustainability objectives and, consequently, business continuity.

This course examines basic risk management concepts and focuses on key areas of operating risk, specifically the risk of fraud and a microfinance institution’s internal control process. The main objectives of the course are 1) to recognize internal controls and the extent to which they mitigate operating risks; 2) present an approach for designing effective internal controls for the business and support processes, and 3) understand the role of an effective internal audit (third line of defense) and an effective risk management function (second line of defense) in the context of control.

Intended Audience: Microfinance practitioners including directors, managers, executives, internal auditors, and risk officers.

To See Course Syllabus, click here

Boulder Institute of Microfinance

120 E Washington Street Suite 325
Syracuse, New York 13202, USA
+1 (315) 760-3091

Boulder Institute