The Law Society’s Conveyancing Quality Scheme (CQS) 2026 training update is available now.

Stay accredited with the trusted training supplier to over 1900 firms. Book now.

Back
Risk and compliance

Risk Management and Red Flags

Jump to payment

Fraud is a significant risk for law firms due to the large sums of money, data and sensitive information they routinely manage.  

The ability to identify risks for fraud and use the firm’s wider fraud risk management strategy to effectively  prevent, manage and mitigate those risks is an important skillset for solicitors.  

This course will explore what risk is, how firms might measure and respond to risk, and introduces key concepts in risk identification and prevention. You will also gain insight into the red flags for fraud most relevant for legal practitioners, and how to deliver an effectively structured and planned response to fraud risk management, and much more. 

What this will cover

This course will cover:  

  • understanding fraud offences 
  • the theory of risk management 
  • managing the risk of fraud 
  • red flags of fraud 
Learning outcomes

By the end of this course, you will be able to: 

  • understand the different fraud offences, including the corporate offence of failure to prevent fraud 
  • understand how fraud risk assessments are carried out 
  • implement an effective fraud risk management strategy 
  • identify the red flags for fraud most relevant to legal practitioners 
How you will learn

Course format 

This online course consists of the following elements: 

  • an interactive course presentation, with a variety of knowledge checks spaced throughout to test understanding of the material as the learner progresses 
  • an end-of-course assessment consisting of 10 questions 

Our courses conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form. 

Assessment 

In order to pass the assessment, you must achieve a pass mark of 70%. 

The knowledge checks included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment. 

No. of items Discount
11 – 19 15%
20 – 29 20%
30 – 39 25%
40 + 30%
£57.89 ex VAT
Type of training
CPD
Format
Bitesize
Level
Intermediate
Who is this for?
Solicitors
Course length
30 minutes
Assessment type
MCQs (Multiple Choice Questions).
SRA Competence
A2
A4

The experts

Laurence Howland

Expert

View expert bio