Fraud Risk Management




CPE Credit: 16
Course Level: Intermediate
Prerequisite: Familiarity with common fraud schemes and risks

The field of risk management has attracted increased mainstream attention in the wake of the economic meltdown as the public has begun to comprehend the negative effects of uncontained risk. Unfortunately, many risk management professionals tend to underestimate the role of fraud in the scope of their professional duties.


With organizations losing an estimated 5 percent of their annual revenues to fraud, the need for a strong anti-fraud stance and proactive, comprehensive approach to combating fraud is clear. As organizations increase their focus on risk, they should take the opportunity to consider, enact and improve measures to detect, deter and prevent fraud. This course will explain how organizations can integrate anti-fraud initiatives into their risk management programs to:

Identify, assess and manage fraud risks from all sources

Support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization

Develop a system of internal controls to address the entity’s fraud risks

Address and respond to any identified instances of fraud

Upcoming Courses      

Houston, TX | February 27-March 1, 2017                                 


You Will Learn How To:  

Identify fraud risks and the factors that influence them

Analyze existing risk management frameworks and their application to managing fraud risk 

Develop and implement the necessary components of a successful fraud risk management program 

Identify the elements of a strong ethical corporate culture 

Promote fraud awareness to employees at all levels of the organization 

Who Should Attend:  

Bank and financial institution auditors

Controllers and corporate managers

Forensic and management accountants, accounts payable and financial analysts

Governance, risk management and compliance officers

Internal and external auditors, CPAs and CAs

Certified Fraud Examiners and other anti-fraud professionals 


Ethics Icon  This course satisfies the ACFE’s requirement of two Ethics CPE hours per year. To read more about the Ethics CPE requirement for CFEs, please visit


Members: $795
Non-Members: $945


CPE Credit


Field of Study
Management Services 


Course Level


Familiarity with common fraud schemes and risks 

Advanced Preparation 



Delivery Method 


*Pricing listed is for U.S. events. International event pricing may vary by location. Please view the individual event page for International pricing. 


*Please note: Schedule listed is for U.S. and Canada events. All events outside of the U.S. and Canada are pushed back 30 minutes with registration beginning at 8:00 a.m. and the last session ending at 4:55 p.m. 


  Day One  
7:30-8:00 a.m.   Registration-Breakfast Pastries   
8:00-9:20 a.m. 


Building an effective fraud risk management program requires solid understanding of how and why fraud is perpetrated. Discuss the components of a fraudulent act, different types of fraud schemes and the impact fraud has on organizations. Also, analyze why individuals commit fraud and why the threat of punishment alone doesn’t deter potential fraudsters.

9:20-9:35 a.m.  Break 
9:35-10:55 a.m. 

Fraud Risk Management — Overview  

The risk of fraud is just one of the many types of risks to be managed by an organization. But to let this risk fall out of focus can bring catastrophic results. This session will provide an overview on risk management frameworks and will introduce the concept of fraud risk, including the factors that influence it. You will also learn about why businesses should manage fraud risk and who within the organization is responsible for this task.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Developing a Fraud Risk Management Program 

Without clear, defined objectives, a fraud risk management program cannot be effective. Learn how to set program objectives and define risk appetite as the first step in building the program. Then, discuss the seven other steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

Fraud Risk Assessment, Part 1 

The foundation of a successful fraud risk management program is well-designed and properly executed fraud risk assessment. Learn what makes a good fraud risk assessment and how to plan and prepare the organization for the assessment. You will also discuss numerous considerations that must be incorporated into the assessment process to ensure the fraud risk assessment's success. 

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Fraud Risk Assessment, Part 2  

The foundation of a successful fraud risk management program is a well-designed and properly executed fraud risk assessment. Continuing discussion from the previous session, this session will explore how to apply a risk assessment framework and how to use the results of the assessment to boost the success of the fraud risk management program.



  Day Two 
7:30-8:00 a.m.   Breakfast Pastries
8:00-9:20 a.m. 

Establishing an Anti-Fraud Culture and Ensuring Fraud Awareness  

In this session, you will examine the need for an ethical corporate culture and what such a culture looks like. You will also identify the roles and responsibilities of different parties throughout the organization with regard to managing fraud risk, and discuss how performance measurement and management initiatives can support - or hinder - the organization's anti-fraud initiatives. In addition, this session will explore how to promote employee fraud awareness by instituting an effective employee anti-fraud education program, ethics policy, code of conduct, and employee support programs.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

General Anti-Fraud Controls (Entity Level) 

Identify different types of internal controls and the framework for building an effective system of internal controls for the organization. Additionally, learn how to design and implement entity-wide controls to prevent fraud, such as the proper tone at the top and good hiring practices, and to detect fraud, such as hotlines and proactive fraud audit policies.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

Specific Anti-Fraud Controls (Process or Transaction Level) 

In every organization, internal controls should be enacted to address the risk that specific processes or transactions are susceptible to manipulation by fraudsters. This session breaks down the control mechanisms designed to prevent each type of fraud scheme — from skimming to financial statement manipulation to data breaches — that an organization might face.

12:30-1:30 p.m.  Lunch on Own  
1:30-2:50 p.m. 

Using Automated Continuous Monitoring Tools 

The use of automated continuous monitoring tools is a best practice in managing the risk of fraud. However, if not implemented properly, it can become quite time consuming and cumbersome. Discuss the benefits of and potential issues with the use of such tools. Also, examine the types of automated tests and data analytics that can be used to help identify potential fraud.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

Responding to Discovered Fraud 

An effective fraud risk management program includes processes and procedures for investigating and remediating any identified instances of fraud, and for providing swift and appropriate punishment to identified perpetrators. This session outlines procedures for receiving and evaluating fraud allegations, planning and undertaking a fraud examination and reporting and responding to the findings of the investigation.

Event Cancellation Policy 

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.


Satisfaction Guarantee 

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at or call (800) 245-3321 / +1 (512) 478-9000.


NASBA CPEThe Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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