Fraud Risk Management

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Course Level
Delivered via
3 Credits


Fraud can decimate the bottom line or even destroy an entire company, making fraud risk management a critical function. This course explains the importance of a proactive approach and outlines the steps to develop an effective fraud risk management program. 

Key Takeaways:

  • How to develop a fraud risk management program 
  • How, why and who should manage fraud risk 
  • Principles associated with fraud risk management 
  • Risk management frameworks 
  • How using a preemptive strategy can benefit a fraud risk management program  


Familiarity with common fraud schemes and risks

You Will Learn How To:

Identify how, why and who should manage fraud risk

Recognize various risk management frameworks and their components

Examine the principles related to fraud risk management

Identify the steps involved in developing a fraud risk management program

Table of Contents

Lesson 1 What Is Fraud Risk?
Lesson 2 Why Manage Fraud Risk?
Lesson 3 Who Is Responsible for Managing Fraud Risk?
Lesson 4 What Is Fraud Risk Management?
Lesson 5 Risk Management Frameworks
Lesson 6 COSO and Fraud Risk Management
Lesson 7 Fraud Risk Governance - Principle 1
Lesson 8 Fraud Risk Assessment - Principle 2
Lesson 9 Fraud Control Activities - Principle 3
Lesson 10 Fraud Investigation and Corrective Action - Principle 4
Lesson 11 Fraud Risk Management Monitoring Activities - Principle 5
Lesson 12 Steps in Developing a Fraud Risk Management Program

CPE Information

CPE Credit: 3
NASBA Information: Management Services
Advanced Preparation: None
Last Updated: October 2022
Delivery Method: QAS Self-Study


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 Online Self-Study Courses


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  • 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

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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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