COSO Fraud Risk Management Certificate Program
- Sep 3, 2026 9:00 a.m.
- Central Time (CT)
Virtual Seminar
Course Level
Intermediate
Intermediate
Delivered via
Online
Online
Duration
1-day
1-day
COSO Fraud Risk Management Certificate Program
Description
Fraud is a costly and ever-evolving threat to organizations of all sizes. Effective fraud risk management is not just about compliance — it’s about protecting your organization’s reputation, financial health and future. Developed by the Committee of Sponsoring Organizations (COSO), in partnership with the ACFE, the COSO Fraud Risk Management Certificate Program arms you with the expertise to proactively identify, assess and mitigate fraud risks using globally recognized best practices.
In this instructor-led certificate program you will explore — via expert subject matter expert facilitation and group collaborative exercises — seven modules, to gain a deep understanding of the five principles of fraud risk management and how they align with the COSO Internal Control and Enterprise Risk Management (ERM) frameworks.
You will learn how to assess fraud risks, implement effective control activities, establish a strong fraud governance structure, and leverage data analytics to detect and prevent fraud. This program will help you build practical skills to design, execute, and monitor a fraud risk management program tailored to your organization.
Upon successful completion of the program, you will earn a certificate and digital badge, demonstrating your expertise in fraud risk management and your commitment to building stronger, fraud-resistant organizations.
The session videos from this live event will not be available for on-demand viewing after the event ends. You will have access to complete the final exam for one year from the live event date. If you prefer a self-paced experience, you can purchase the self-study version here.
This program includes:
- Complimentary copy of the Fraud Risk Management Guide, Second Edition (Browser-Only PDF) (FRMG): Easily reference the underlying guidance directly.
- Online Exam: Complete the exam at a date and time that works best for you within the 365-day program window.
- Certificate and Digital Badge: Receive a printable PDF certificate and a shareable digital badge.
Prerequisites
Participants should have experience working with fraud risk management programs and a basic level of exposure to the COSO/ACFE Fraud Risk Management Guide (FRMG).
You Will Learn How To:
Identify the five principles of fraud risk management in the FRMG.
Compare the principles of fraud risk management with the COSO 2013 Internal Control Framework and the COSO 2017 Enterprise Risk Management—Integrating with Strategy and Performance Framework, and identify the key relationships between these frameworks.
Identify points of focus that characterize each of the principles of fraud risk management.
Select appropriate points of focus to assist management in designing, implementing, and conducting fraud risk management activities and assessing whether the relevant principles are, in fact, present and functioning.
Distinguish various fraud risk exposures and potential schemes.
Apply data analytics approaches as part of comprehensive fraud risk management.
Recognize how a comprehensive approach to fraud risk management supports fraud deterrence.
Select appropriate fraud control activities that respond to identified risks, including fraud reporting systems or hotlines.
CPE Information
| CPE Credit: | 8 |
|---|---|
| Advance Preparation: | Read the FRMG. |
| Delivery Method: | Group Internet Based |
Credit by Field of Study
| Management Services: | 8 |
|---|
Registration & Fees
Registration Fee:
ACFE Members: $1099
Non-Members: $1299
Course Expiration: Upon completion of the course, the learner must achieve a score of 70% on the final exam in three (3) attempts within 365 days of purchase.
Course Outline
Day 1
-
9:00 – 9:10 a.m. Course Introduction
Course Introduction
-
9:10 – 9:40 a.m. Unit 1: Introduction to Fraud Risk Management
- What is fraud risk management (FRM)?
- What fraud risks should be addressed by a comprehensive fraud risk management program?
- Includes occupational fraud risks identified in the ACFE’s “Fraud Tree”
- May include other fraud risks, including Environmental, Sustainability, and Governance (ESG) frauds; compliance with laws and regulations; and other risks identified by the organization
- The FRMG articulates a model for a comprehensive fraud risk management program, including both principles and points of focus
- Relationship among the FRMG and COSO 2013 Internal Control Framework and the COSO 2017 Enterprise Risk Management—Integrating with Strategy and Performance Framework
- A comprehensive approach to fraud risk management supports fraud deterrence
- Roles and responsibilities for FRM (from Appendix B)
- Making the case for fraud risk management in your organization
-
9:40 – 10:10 a.m. Unit 2: Fraud Risk Governance
- Organizational commitment to FRM
- Support for fraud risk governance by those at the top
- Comprehensive FRM policy
- Clear fraud risk governance roles and responsibilities
- Documentation of FRM program
- Communication about FRM at all levels
- Uses data analytics to support FRM
-
10:25 a.m. – 12:35 p.m. Unit 3: Fraud Risk Assessment
- Involves appropriate levels of management
- Includes entity, subsidiary, division, operating unit, and functional levels
- Analyzes both internal and external factors
- Considers various types of fraud
- Specifically considers management override
- Estimates likelihood and significance of risk
- Assesses personnel or departments and all aspects of the Fraud Triangle (not just opportunity/controls)
- Identifies and assesses existing fraud control activities
- Determines how to respond to risks
- Uses data analytics for fraud risk assessment and response
- Documents fraud risk assessment
-
12:35 – 1:35 p.m. Lunch Break
Lunch Break
-
1:35 – 2:05 p.m. Unit 4: Fraud Control Activities
- Promotes fraud deterrence through preventive and detective controls
- Integrates with fraud risk assessment
- Considers organization-specific factors and relevant business processes
- Considers application of control activities at different organizational levels
- Incorporates a combination of control activities
- Considers management override
- Uses proactive data analytics procedures
- Deploys control activities through policies and procedures
-
2:05 – 2:35 p.m. Unit 5: Fraud Investigation and Corrective Action
- Establishes a robust whistleblower reporting system
- Establishes fraud investigation and response protocols
- Conducts investigations
- Performs data analytics to identify underlying control weaknesses and impact of potential fraud
- Communicates investigation results
- Takes corrective action
- Evaluates investigation performance
-
2:50 – 4:20 p.m. Unit 6: Managing and Monitoring the Fraud Risk Management Program
- Considers mix of ongoing and separate evaluations
- Considers factors for setting scope and frequency of evaluations
- Establishes appropriate measurement criteria
- Coordinates with other risk- and compliance-focused functions
- Considers known fraud schemes and new fraud cases
- Evaluates, communicates, and remediates deficiencies
- Uses data analytics to continuously monitor and improve
-
4:35 – 5:05 p.m. Unit 7: Leveraging Tools for Fraud Risk Management
- Integration of data analytics throughout FRM program (from Appendix D)
- Scaling FRM for organization’s size and resources (from Appendix C)
- Assessing/benchmarking the maturity of your FRM program
- Tailoring FRM tools to small organizations
- Tailoring FRM tools in the government environment
- Library of FRM tools
-
5:05 – 5:25 p.m. Course Summary
Course Summary
Presenter
Gerry M. Zack, MBA, CFE, CPA - Speaker
Founder & CEO
RiskTrek LLC
Policies
The session videos from this live event will not be available for on-demand viewing after the event ends. You will have access to complete the final exam for one year from the live event date. If you prefer a self-paced experience, you can purchase the self-study version here.
All pricing is exclusive of sales or other indirect taxes. Applicable taxes will be calculated at checkout based on the relevant jurisdictions' rules.
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 30 calendar days prior to an event start date are subject to a $300 administrative fee. Event transfers received less than 30 calendar days prior to an event start date are subject to a $100 transfer 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. For more information regarding refunds or other concerns, please contact Member Services at (800) 245-3321 / +1 (512) 478-9000.
Satisfaction Guarantee
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Terms and Conditions
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.