Enhance Your Organisation's Integrity With Fraud Risk Management Frameworks Training

Expert-Led ISO Compliance Fraud Training

Certified Fraud Examiner & Certified Internal Auditor sharing personal experience Detecting fraud and Protecting Shareholders Wealth and Reputation.

Course Information

^_Duration:^{_{3 days}}

^_Location:^{_{Instructor lead webinar or Onsite}}

^{_{Target Audience:}}^{_{Risk Managers, Compliance Officers, Internal Auditors, Executives}}

^_Level:^{_{Intermediate to Advanced}}

^{_{Attendance Options:}}^{_{Groups (Discounted) or Individuals}}

Course Objectives

^{_{By the end of this course participants will}}^_:

Understand global fraud risk management frameworks (COSO, ISO 37001, ACFE, etc.).
Learn how to develop and implement a fraud risk management program.
Identify key fraud risks and establish controls to mitigate them.
Integrate fraud risk management with governance, compliance, and internal audit functions.
Learn best practices for monitoring, reporting, and improving fraud risk frameworks.

Targeted Audience

Risk Managers

Compliance Officers

Internal Auditors

Executives

Day 1 Sessions

Module 1: Introduction to Fraud Risk Management

What is fraud? Understanding different types of fraud (internal, external, cyber, financial fraud)
The cost and impact of fraud on organizations
The role of fraud risk management in corporate governance
Key fraud risk frameworks:
COSO Fraud Risk Management Guide
ISO 37001 (Anti-Bribery Management System)
ACFE’s Fraud Prevention Checklist
Three Lines of Defense Model

Module 2: Fraud Risk Governance & Culture

The Fraud Triangle & Fraud Diamond: Why fraud happens
The role of tone at the top in preventing fraud
Ethical culture and fraud awareness programs
Whistleblower protection policies & reporting mechanisms
Fraud risk ownership: Board, executives, and employees

Day 2 Sessions

Module 3: Fraud Risk Assessment

Step-by-step fraud risk assessment methodology

Identifying fraud risks across key business processes (procurement, payroll, finance, IT)

Assessing likelihood and impact of fraud risks Fraud risk indicators (red flags)
Conducting fraud risk workshops with management

Module 4: Fraud Prevention Controls & Best Practices

Designing preventive and detective controls
Internal control frameworks (COSO, SOX)
Data analytics for fraud prevention (proactive fraud detection)
Procurement fraud controls (tenders, vendor due diligence)
Payroll & expense fraud controls
IT & cyber fraud risk controls (access management, transaction monitoring)

Day 3 Sessions

Module 5: Fraud Detection & Investigation Readiness

How to detect fraud early using red flag indicators
Transaction monitoring and forensic accounting techniques
Role of internal audit & continuous monitoring
Fraud response plans & investigation protocols
Legal & compliance considerations in fraud investigations
Case studies of real-world fraud cases

Module 6: Fraud Reporting, Monitoring & Continuous Improvement

Fraud reporting requirements (internal & regulatory)
Fraud risk dashboards & reporting metrics for executives
Integrating fraud risk management into enterprise risk management (ERM)
Emerging trends in fraud risk management (AI, blockchain, regulatory changes)
Course wrap-up & action plan for implementation

Course Materials & Certification

Course workbook & fraud risk templates
Fraud risk assessment checklist
Sample fraud policy & whistleblower policy templates
Certificate of Completion