The ACFE and COSO: The Past, Present and Future of Fraud Risk Management

Originally aired March 30, 2017 at 2:00 PM EST

Duration: 100 minutes

CPE Credit: 2

Description: The Committee of Sponsoring Organizations of the Treadway Commission (COSO) began its existence with a focus on fraud. The ACFE and COSO jointly issued the latest, cutting-edge guidance on managing fraud risk, the Fraud Risk Management Guide. This new guide establishes best practices encompassing five key principles for governing, assessing, preventing, detecting, investigating and monitoring fraud risk. This webinar will explain the overall process and highlight the key tools developed by ACFE supporting this product. It will explain this new guidance and how to implement a comprehensive fraud risk management program. It will also explore what it means for accountability professionals and auditors.

Field of Study: Specialized Knowledge

Course Level: Intermediate

Prerequisite: Baseline knowledge of accounting, auditing or fraud examination

Advanced Preparation: None 

Delivery Format: Group Internet Based

You Will Learn How To:

  • Understand the historical context behind the ACFE and COSO Fraud Risk Management Guide 
  • Recognize the benefits of a comprehensive fraud risk management program
  • Conduct a detailed fraud risk assessment
  • Identify how data analytics support the risk assessment, as well as prevention, detection and investigation efforts
  • Determine the ACFE-developed automated tools that support designing and implementing the fraud risk assessment process
  • Evaluate how to assess the strength of an organization's existing fraud risk management process
  • Evaluate how to assess the strength of an organization's existing fraud risk management program against best practices using the guide's scorecards                                                                                                                        

Who Should Attend:

  • Certified Fraud Examiners and other anti-fraud professionals
  • Internal and external auditors, CPAs, CAs and forensic accountants
  • Detectives and private investigators
  • C-Suite executives
  • Analytics professionals
  • Risk Managers


David L. Cotton, CFE, CPA, CGFM
Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accountants, headquartered in Alexandria, Virginia. The firm was founded in 1981 and has a practice concentration in assisting federal and state government agencies, inspectors general, and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial- related, and performance audits for more than two dozen Federal federal inspectors general, as well as numerous other Federal federal and State state agencies and programs.


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Please note: To be eligible for CPE credit for the Online Archive webinar, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.