Fraud Risk Assessment

Image of Laptop Computer with Expert Bethmara Kessler Talking on Screen
Course Level
Delivered via
5 Credits


For an organization to effectively manage its fraud risks, the risks must first be identified using a formal assessment. If performed and used correctly, a fraud risk assessment can be a powerful proactive tool in the fight against fraud for any business. Regulators, professional standard-setters and law enforcement authorities continue to emphasize the crucial role that fraud risk assessment plays in developing and maintaining effective anti-fraud programs and controls.

In this course, you will learn from fraud expert Bethmara Kessler, CFE as she shares expert insights on the topic of fraud risk assessment gained from her career in the anti-fraud profession. 



You Will Learn How To:

Ascertain why fraud risk assessments are vital to organizations

Identify successful strategies for utilizing fraud risk assessments to guide an organization’s overall anti-fraud strategy

Identify key factors that should be considered when assessing fraud risk

Table of Contents

Unit 1 Making the Case (Video length - 12:40 minutes)
Unit 1 Wells Fargo: Case Study (Video length - 7:04 minutes)
Unit 1 Koss Corporation: Case Study (Video Length - 7:04 minutes)
Unit 1 The Cost of Fraud (Video length - 7:05 minutes)
Unit 2 Fraud Risk Assessment: Not Just a Desk Exercise (Video length - 8:12 minutes)
Unit 2 Every Business is Unique (Video length - 8:46 minutes)
Unit 2 Don't Think Too Narrowly (Video length - 11:26 minutes)
Unit 2 Staying Current (Video length - 4:31 minutes)
Unit 3 Getting the Business on Board (Video length - 7:47 minutes)
Unit 3 Don't Go It Alone (Video length - 11:13 minutes)
Unit 3 Account for Complexities (Video length - 6:22 minutes)
Unit 3 Communicate the Process Effectively (Video length - 8:25 minutes)
Unit 4 Overcoming the Challenges (Video length - 10:39 minutes)
Unit 4 Lesson in Being Proactive (Video length - 9:34 minutes)
Unit 4 Getting Personas Aligned (Video length - 11:52 minutes)
Unit 5 Managing the Fraud Risk Portfolio (Video length - 8:41 minutes)
Unit 5 The Totality of Fraud Risk (Video length - 9:21 minutes)
Unit 5 Not All Controls are Created Equal (Video length - 9:57 minutes)
Unit 6 Keys to Success (Video length - 9:21 minutes)
Unit 6 Engagement and Awareness: Make It Real (Video length - 13:27 minutes)
Postscript Where My Passion Comes From (Video length - 15:00 minutes)

CPE Information

CPE Credit: 5
NASBA Information: Auditing
Advanced Preparation: None
Last Updated: September 2022
Delivery Method: QAS Self-Study

About the Expert

Bethmara Kessler, CFE - Expert

Bethmara Kessler

Bethmara Kessler, CFE is a passionate fraud fighter and frequently speaks on a variety of topics related to fraud prevention and detection, investigations, auditing, compliance and risk. Her career spans more than 30 years in positions that include head of integrated global services (IGS) for the Campbell Soup Company, and titles such as Chief Compliance Officer, Chief Audit Executive and Enterprise Risk Management Head. Her extensive experience also includes leadership roles in audit, risk management, information technology and corporate investigations in companies including EY, Avon Products, Nabisco, EMI Group, LBrands, The Fraud and Risk Advisory Group and Warner Music Group.

Kessler’s anti-fraud experience extends beyond professional roles to include significant involvement with the Association of Fraud Examiners; she is on the ACFE Faculty and Advisory Council and is the former Chair of the ACFE Board of Regents, as well as a contributing author to the ACFE's Fraud Examiners Manual and Fraud Casebook: Lessons from the Bad Side of Business.


CPE Credit

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

ACFE Expert Insights Self-Study Courses


  • High-quality, on-demand video lectures on anti-fraud topics given by experts in the profession
  • Engaging, interactive course elements
  • 24/7 access to courses through your Internet browser
  • Save time and quickly earn CPE credits with instant access, grading and printable certificate
  • The flexibility to start or stop a course and pick-up right where you left off
  • No additional shipping fees

Learn more about accessing your course. 

System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

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:


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