The Fraud Risk Management - official ACFE training training is dedicated to how to integrate anti-fraud initiatives into the risk management program of your organization. You will earn 16 CPE credits for your CFE recertification.
Fraud Risk Management - official ACFE training cover the following topics:
Fraud risk management – introduction
- Building an effective fraud risk management program requires solid understanding of how and why fraud is perpetrated
- The ways fraud occurs and the impact it has on organizations
- The factors that influence an organization`s fraud risks
- Different parties` roles and responsibilities for managing these risks
Fraud risk management – overview
- The risk of fraud is just one of the many types of risks to be managed by your organization, but to let this risk fall out of focus can bring catastrophic results
- The elements of an effective fraud risk management program
- Why businesses should invest the necessary resources to manage fraud risk
Developing a fraud risk management program
- Without clear, defined objectives, a fraud risk management program cannot be effective
- Why some fraud risk management programs are not successful
- The eight steps involved in developing a holistic fraud risk management program
The role of culture and internal controls
- Creating an anti-fraud culture throughout the organization provides an important foundation for the fraud risk management program
- The elements of a strong anti-fraud culture
- Potential obstacles organizations face in fostering this anti-fraud environment
- The role of internal controls as part of the fraud risk management program
- How to design and implement effective anti-fraud controls
Fraud risk assessment – part 1
- The foundation of a successful fraud risk management program is a well-designed and properly executed fraud risk assessment
- Without an adequate understanding of the organization`s true fraud risks, any efforts at managing fraud risks might miss the mark
- What makes a good fraud risk assessment?
- How to plan and prepare the organization for the assessment
- Numerous considerations that must be incorporated into the assessment process to ensure the fraud risk assessment`s success
Fraud risk assessment – part 2
- A framework for effectively assessing fraud risk across the entire organization
- Walk through the entire process, from identifying the sources and types of risks, assessing the danger they pose to the organization, compiling a complete fraud risk portfolio, and determining appropriate action plans to address these risks
Putting the fraud risk assessment into action
- Using a real-life fraud case, practice applying the fraud risk assessment approaches and methodology explored on day I
- Explore how the company`s culture, anti-fraud controls, leadership behaviors, and complaint and response protocols all affect its ability to manage its fraud risks
Shaping an anti-fraud culture
- Many organizations avoid open conversations about fraud, but successfully shaping an anti-fraud culture requires bringing fraud into the spotlight
- How to proactively foster an entity-wide anti-fraud culture through policies, hiring practices, employee support and accountability, fraud awareness efforts, and other culture-building initiatives
Proactively looking for fraud risk indicators
- Evidence of fraud often hides in plain sight
- Identify the various ways that the red flags of fraud can appear in an organization
- Analyze both financial and behavioral clues for warning signs that fraud might be occurring
- How to incorporate monitoring for these signs into the fraud risk management program
Monitoring, reporting, and improving on the fraud risk management program
- An effective fraud risk management program includes processes and procedures for monitoring the program`s effectiveness and improving the program where needed
- How to measure and report the program`s success
- How to make the case for additional support and funding
- A maturity model for assessing and evolving your fraud risk management program
