In-Person Seminar

Fraud Risk Management

  • May 8-9, 2023
  • Denver, CO
Course Level
Intermediate
Delivered via
In-Person
CPE
16
ACFE Ethics CPE

Description

The field of risk management has attracted increased mainstream attention in the wake of the 21st century 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% 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.

Prerequisites

Familiarity with common fraud schemes and risks

You Will Learn How To:

Identify fraud risks and the factors that influence them

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

Identify and implement the elements of a strong anti-fraud corporate culture

Perform a comprehensive fraud risk assessment across the organization

Identify financial, transactional and behavioral indicators of fraud

Evaluate the fraud risk management program against a maturity model

Location & Venue

Event Venue

Grand Hyatt Denver
1750 Welton Street, Denver, CO 80202

Hotel Information

Hotel Phone: +1 (303) 295-1234
Room Rate: $215 single*
Hotel Cut-Off: April 17, 2023

*To make a reservation, please contact the hotel directly or click here.

CPE Information

This course fulfills the annual ethics CPE requirement for CFEs. Learn more about the ethics CPE requirements for CFEs.
CPE Credit: 16
Advanced Preparation: None
Delivery Method: Group-Live

Credit by Field of Study

Management Services: 16

Registration & Fees

Registration Fee:

ACFE Members: $795
Non-Members: $995


Early Registration Deadline: April 7, 2023
Register by the Early Registration Deadline to SAVE $100!

Course Outline

Day 1

  • 8:00 – 9:20 a.m. Introduction

    Building an effective fraud risk management program requires solid understanding of how and why fraud is perpetrated. Discuss the ways fraud occurs and the impact it has on organizations. Also, learn about the factors that influence an organization’s fraud risks and different parties’ roles and responsibilities for managing these risks.

  • 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 explore the elements of an effective fraud risk management program, as well as why businesses should invest the necessary resources to manage fraud risk.

  • 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.

  • 1:30 – 2:50 p.m. The Role of Culture and Internal Controls

    Creating an anti-fraud culture throughout the organization provides an important foundation for the fraud risk management program. This session will explore the elements of a strong anti-fraud culture, as well as potential obstacles organizations face in fostering this environment. Also, learn about the role of internal controls as part of the fraud risk management program and how to design and implement effective anti-fraud controls.

  • 3:05 – 4:25 p.m. Fraud Risk Assessment, Part 1

    Without an adequate understanding of the organization’s true fraud risks, any efforts at managing fraud risks might miss the mark. 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.

Day 2

  • 8:00 – 9:20 a.m. Fraud Risk Assessment, Part 2

    Continuing the discussion from the previous session, this session will explore a framework for effectively assessing fraud risk across the entire organization. Walk through the entire process, from identifying the sources and types of risks, assessing the danger they pose to the organization, compiling a complete fraud risk portfolio, and determining appropriate action plans to address these risks.

  • 9:35 – 10:55 a.m. Putting the Fraud Risk Assessment into Action

    Using a real-life fraud case, practice applying the fraud risk assessment approaches and methodology explored in the previous discussions. Explore how the company’s culture, anti-fraud controls, leadership behaviors, and complaint and response protocols all affected its ability to manage its fraud risks.

  • 11:10 a.m. – 12:30 p.m. Shaping an Anti-Fraud Culture

    Many organizations avoid open conversations about fraud, but successfully shaping an anti-fraud culture requires bringing fraud into the spotlight. Learn how to proactively foster an entity-wide anti-fraud culture through policies, hiring practices, employee support and accountability, fraud awareness efforts, and other culture-building initiatives.

  • 1:30 – 2:50 p.m. Proactively Looking for Fraud Risk Indicators

    Evidence of fraud often hides in plain sight. Identify the various ways that the red flags of fraud can appear in an organization. Learn how to analyze both financial and behavioral clues for warning signs that fraud might be occurring, and how to incorporate monitoring for these signs into the fraud risk management program.

  • 3:05 – 4:25 p.m. Monitoring, Reporting, and Improving on the Fraud Risk Management Program

    An effective fraud risk management program includes processes and procedures for monitoring the program’s effectiveness and improving the program where needed. Learn how to measure and report the program’s success, as well as how to make the case for additional support and funding. You will also explore a maturity model for assessing and evolving your fraud risk management program.

Presenters

Bethmara Kessler, CFE - Speaker

Kessler-Bethmara

Speaker/Advisor
Association of Certified Fraud Examiners

 

Policies

Payment must be received by April 7, 2023 to receive early registration discount. 

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. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, the ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. The ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.

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 MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

Terms and Conditions

 


nasba-events-tos-image The 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: www.nasbaregistry.org.