Objective
The Association of Certified Fraud Examiners (ACFE) published the results of the survey in its 2018 Report to the Nations on Occupational Fraud & Abuse. Organizations around the world lose an estimated 5% of their annual revenues to fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2016 and December 2017. Risk is any threat to the business and represents the uncertainty and inability of the corporation to achieve its goals. The organization needs to create an organizational culture and structure conducive to fraud risk management. The tone at the top should reflect the perception of fraud detection and prevention.
The course is designed to ensure employees understand fraud risk management basics, how to develop a fraud risk management program and fraud risk governance. The course is Part II in the ten-part series of fraud management courses designed to educate employees, managers, and management.
This interactive training course will ensure professionals and practitioners at all levels understand their roles and responsibilities, new developments, resources, and hallmarks of an effective compliance program. The course includes knowledge questions as users progress through the training and the final assessment test.
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What you will learn:
- Learn How to Develop the Fraud Risk Management Program
- Learn How to Plan for Fraud Risk Assessments
- Learn How to Execute Fraud Risk Assessments
- Section I - Fraud Risk Assessment Framework
- Step 1 - Identify Potential Inherent Fraud Risks
- Step 2 - Assess the Likelihood and Impact
- Step 3 - Evaluate Department Likely to Commit Fraud
- Section II - Analysis
- Section III - Reporting the Results
- Understand Fraud Risk Assessment with Practical Examples
- Learn about Prevention, Detection, and Respond Programs for Fraud
- Understand Antifraud Strategy Key Elements
- Learn about Sound Internal Control System Requirements
- Understand Typical Features of the Practical and User-Friendly Hotline and
- Whistleblower Program
- Learn about Investigations Basics, Enforcement, and Corrective Actions
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