Firm-wide risk assessment

    FWRA Training for ICPAC Members

    The firm-wide risk assessment (FWRA) is the foundation of an accounting firm's AML framework and a recurring theme in ICPAC monitoring reviews. This IPE training takes accountants and auditors through building an FWRA end to end: identifying inherent risks across clients, services, geographies and delivery channels, scoring them, mapping controls, and evidencing review and approval.

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    HRDA-eligible options EQF-mapped, ISO 29993 aligned Certificate with CPD hours

    What this training covers

    • What a compliant firm-wide risk assessment must contain
    • Inherent risk factors: client base, services, delivery channels, geographies
    • Risk scoring methodology and documenting the rationale
    • Mapping controls and residual risk, and closing identified gaps
    • Governance: ownership, approval, review frequency and audit trail
    • Common findings from ICPAC reviews and how to avoid them

    Who it is for

    • ICPAC members, practice owners and sole practitioners
    • Accountants and auditors in small and mid-sized firms
    • AML compliance officers in accounting and audit practices
    • Administrative service providers subject to the same obligations

    Cyprus employers can co-fund eligible seminars through the Human Resource Development Authority. See how HRDA funding works.

    Available firm-wide risk assessment training

    Seminars, live sessions and self-paced courses currently open for booking or expression of interest.

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