Fraud Risk Management

The ACFE/COSO Fraud Risk Management Guide (FRMG) was published in 2016 (and updated in 2023). It has quickly gained acceptance as the set of best practices for preventing, detecting, and thus deterring fraud. The fraud landscape is constantly changing and evolving. The FRMG sets out a rigorous set of principles and leading practices for managing fraud risk for forward-thinking organizations to follow. It covers:

How to establish fraud risk management governance.
How to conduct rigorous fraud risk assessments.
How to design and implement fraud control activities.
How to establish reporting mechanisms and investigative procedures.
How to monitor the overall fraud risk management program.

Fraud risk can be managed. All anti-fraud and accountability professionals will benefit from this session's focus on effective fraud risk management.

Learning Objectives

The big picture: accounting principles, audit standards, internal control, enterprise risk and fraud risk management
Fraud risk governance
Assessing fraud risk
Fraud control activities
Fraud reporting and investigations
Fraud risk monitoring
Tools and resources for managing fraud risk

Major Topics

Fraud risk management
Fraud risk assessments
Data analytics
Fraud risk management tools

CPE Credits Available

2 CPE

2: Accounting&Auditing

Things to Know About This Course

Course Level

Basic

Prerequisites

None

Advanced Preparation

None

Intended Audience

Accountants and auditors at all levels

Provider

ACPEN

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