Fraud Risk Assessment and Management

Develop the skills and knowledge to identify, record, assess and act on fraud and economic risks facing your organisation.

The Fraud Risk Management course gives you the skills and knowledge needed to undertake fraud risk management, including an understanding of the nature of fraud; an awareness of the fraud management model and the inter-dependency of its components; knowledge of the terminology and options involved with fraud risk management; the ability to plan and implement fraud risk management procedures; and, the capability to act and report on fraud risks as they start to occur.

You will receive a certificate upon completion of the course.

Cifas Members receive a 13% discount.

Length of Course: 2 consecutive days

Delivery: Tutor led delivery via Zoom.

Module details

This is a two-day course that will cover all the core techniques needed to introduce and maintain fraud risk management within an organisation.

The course involves an interactive case study which provides hands on experience and the provision of tools and templates that learners can take away with them to use within their organisation. The purpose of these tools and templates is to help learners put into operational practice what they have learned on the course.

At the end of the course you will be able to:

• Understand the principles of fraud risk management.

• Prepare an annual fraud risk management plan.

• Identify fraud risks and prepare a fraud typology.

• Understand the difference between inherent and residual risk.

• Record and assess identified fraud risks in a fraud risk register – in both an Excel Spreadsheet and a database.

• Identify the controls and information needed to manage fraud risks.

• Design action plans to deal with significant residual fraud risks.

• Prepare a Fraud Risk Assessment document for use by senior management.

• Prepare an Annual Fraud Risk Management Report.

Who is this course aimed at?

Open to all, ideal for those responsible for identifying, recording, and managing organisational fraud and economic crime risks, or anyone looking to build a career in this field.