COSO Fraud Risk Management Certificate Program
Intermediate
Online
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.
Through seven self-paced lessons, you will 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. 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, you will earn a certificate and digital badge, demonstrating your expertise in fraud risk management and your commitment to building stronger, fraud-resistant organizations.
Prerequisites
Experience working with fraud risk management programs and a basic level of exposure to the included Fraud Risk Management Guide, Second Edition (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.
Select appropriate fraud control activities that respond to identified risks, including fraud reporting systems or hotlines.
Apply data analytics approaches as part of comprehensive fraud risk management.
Distinguish various fraud risk exposures and potential schemes.
Identify points of focus that characterize each of the principles of fraud risk management.
Recognize how a comprehensive approach to fraud risk management supports fraud deterrence.
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.
What's Included?
The COSO Fraud Risk Management Certificate Program contains the following lessons:
- Lesson 1: Introduction to Fraud Risk Management
- Lesson 2: Fraud Risk Governance
- Lesson 3: Fraud Risk Assessment
- Lesson 4: Fraud Control Activities
- Lesson 5: Fraud Investigation and Corrective Action
- Lesson 6: Managing and Monitoring the Fraud Risk Management Program
- Lesson 7: Leveraging Tools for Fraud Risk Management
Also included is a complimentary copy of the Fraud Risk Management Guide, Second Edition (Browser-Only PDF) - a $79 value!
The Fraud Risk Management Guide, Second Edition details how to create a comprehensive fraud risk management program for your organization that includes:
- Establishing a visible and rigorous fraud governance process.
- Creating a transparent and sound anti-fraud culture.
- Conducting a thorough fraud risk assessment periodically.
- Designing, implementing and maintaining preventive and detective fraud control processes and procedures.
- Taking swift action in response to allegations of fraud.
Upon completing the COSO Fraud Risk Management Certificate Program, you will receive a digital badge that you can add to your LinkedIn profile to share your accomplishment with others.
CPE Information
| CPE Credit: | 8 |
|---|---|
| NASBA Information: | Management Services |
| Advanced Preparation: | Read the included Fraud Risk Management Guide, Second Edition. |
| Last Updated: | April 2025 |
| Delivery Method: | QAS Self-Study |
Frequently Asked Questions
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Is the COSO Fraud Risk Management Certificate Program a replacement for becoming a Certified Fraud Examiner (CFE)?
No.
The COSO Fraud Risk Management Certificate Program is designed to provide you with an understanding of the five principles of fraud risk management, how they align with the COSO Internal Control and Enterprise Risk Management (ERM) frameworks and give you the ability to market this skill to current or prospective employers.
The Certified Fraud Examiner (CFE) credential is designed to recognize trained professionals who possess a unique set of diverse skills in preventing, detecting and investigating fraud. To earn the CFE credential, you must meet eligibility requirements and complete the significant undertaking of passing the rigorous CFE Exam. Completing an ACFE certificate program does not count toward meeting the eligibility requirements to become a CFE.
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How can I promote that I’ve earned the certificate after completing the program?
Upon completing the program, you will receive a certificate of completion that you can download and share. Within 5-7 business days you will also receive a digital badge that you can add to your LinkedIn profile. Learn more about the digital badge.
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Will I earn continuing professional education (CPE) credits for completing the COSO Fraud Risk Management Certificate Program?
Yes. To earn this certificate, you will need to pass the exam after each lesson with a score of 70% or higher within three attempts. Passing all seven exams will provide you with 8 NASBA-approved CPE credits. CPE credits will be provided immediately after passing an individual exam.
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How long will I have to complete the certificate program?
You will have one year from your purchase date to complete the certificate program. After one year from your purchase date, you will no longer be able to access the certificate program or the lessons contained within the certificate program.
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Does the certificate expire?
The certificate does not expire. Once you've earned it, you have it for life.
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What do I need to do to maintain the certificate?
Unlike the Certified Fraud Examiner (CFE) credential which does have requirements to be maintained, the COSO Fraud Risk Management Certificate does not require maintenance.
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.
ACFE Certificate Programs
Features:
- Receive a digital badge you can display on your LinkedIn profile
- 24/7 access to certificate programs through your Internet browser
- Save time 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 about accessing your course.
System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
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