fraud risk management
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.
Fraud Risk Assessment
The foundation of a successful fraud risk management program is a well-designed and properly executed fraud risk assessment. Learn what makes a good fraud risk assessment, 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.
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.
General Anti-Fraud Controls (Entity Level)
Developing a Fraud Risk Management Program
Specific Anti-Fraud Controls (Process or Transaction Level)
Establishing an Anti-Fraud Culture
Using Automated Continuous Monitoring Tools
Ensuring Fraud Awareness
Responding to Discovered Fraud