USD 5,400
excl. VATThe Certified Fraud Risk Manager program is designed to enable fraud professionals to obtain a solid understanding of the key pillars that are required to fortify their organizations against fraud. This program focuses on prevention and enables participants to identify areas within their organizations that are most vulnerable to fraud, providing them with the guidance and tools that will enable them to assist their organizations in designing the appropriate framework to strengthen these areas of vulnerability. The CFRM focuses on Fraud Risks with a specific objective of how fraud professionals can enable their organizations to identify the essential fraud risks impacting their organizations and what are the necessary steps they need to adopt to mitigate these risks from materializing. This program also involves a detailed case study involving a recent multi-national fraud that was revealed in 2020, whereby participants will draw conclusions on what happened and how it could have been prevented
Appreciate the importance of effective governance in establishing a solid Fraud Risk Management Framework Identify Fraud Risks specifically at the Board of Directors level Distinguish Fraud Risks prevalent at Executive Management levels Recognize different types of fraud schemes that may impact your organization Facilitate proactive communication with the Board of Directors on establishing a Fraud Risk Management Framework
Internal Auditors Risk and Compliance Officers Forensic Accountants Legal and Ethics Officers Fraud Investigators Financial Controllers HR, Procurement, and Operations Managers Professionals seeking ACFE, ISO 37001, or GRC-aligned knowledge
BK Management Team believe that learning is not only about acquiring technical skills, it is also about learning behaviors & Competencies that are desirable for work in plant operation & maintenance critical dimensions. Our holistic teaching develops our delegates' personal effectiveness to function both as an individual and as a team player. The course delivery & modes of instruction will incorporate theory , practical skills and Q&A sessions. To enhance learning outcomes, theory sessions will comprise classroom based lecture that will intersperse with interactive discussions, scenario-based, case-study, group exercises, video clips, power point slides, learners' Guide and the application of various tools which will be provided to help in the delegates and participants of the learning’s objectives. With successful implementation of the learnt skills they are bound to enhance Individual & Organizational growth. For online / Interactive Virtual sessions, Delegate should have a stable & good Internet connection on his Laptop
Introduction to Fraud Risk Management
What is Fraud? (Definition and Types)
Overview of Fraud Risk
The Fraud Triangle (Pressure, Opportunity, Rationalization)
Key Global Frameworks and Standards:
COSO Fraud Risk Management Guide
ISO 37001 (Anti-bribery)
ACFE Principles
Fraud Risk Governance
Building an Ethical Culture
Role of Leadership in Fraud Prevention
Code of Conduct & Ethics Policies
Board Oversight and Audit Committee Involvement
Tone at the Top and Governance Frameworks
Fraud Risk Identification
Internal vs. External Fraud
Common Schemes:
Asset Misappropriation
Financial Statement Fraud
Corruption and Bribery
Industry-Specific Fraud Risks (e.g., Banking, Healthcare, Retail)
Tools for Identifying Risks:
Brainstorming
Historical Loss Analysis
Interviews and Questionnaires
Fraud Risk Assessment
Components of a Fraud Risk Assessment
Risk Mapping and Rating Techniques
Inherent vs. Residual Risk
Prioritizing and Categorizing Fraud Risks
Risk Appetite and Tolerance Considerations
Fraud Prevention and Internal Controls
Design and Implementation of Anti-Fraud Controls
Segregation of Duties
Authorization and Approval Controls
Anti-bribery and Anti-corruption Controls
Whistleblower Programs and Hotlines
Continuous Monitoring Techniques
Fraud Detection Techniques
Red Flags and Behavioral Indicators
Data Analytics for Fraud Detection
Exception Reporting and Trend Analysis
Use of AI and Machine Learning in Detection
Internal Audits and Surprise Checks
Fraud Detection Checklists and Software Tools
Incident Response and Investigation
Fraud Response Plan: Steps and Best Practices
Conducting Investigations:
Evidence Collection and Chain of Custody
Interviewing Techniques
Forensic Accounting Basics
Legal and Regulatory Considerations
Reporting Findings to Management and Regulators
Fraud Risk Monitoring and Reporting
Continuous Monitoring Frameworks
Key Fraud Indicators (KFIs) and Dashboards
Internal Reporting Channels
External Reporting Obligations
Post-Incident Reviews and Control Enhancements
Technology and Fraud Risk
Cyberfraud and Digital Fraud Threats
Identity Theft, Phishing, and Business Email Compromise
Blockchain and Cryptocurrency Risks
Technology Tools for Prevention and Detection
Data Privacy and Compliance Considerations (e.g., GDPR)
Case Studies and Practical Application
Review of Major Corporate Fraud Cases (e.g., Enron, Wirecard, Theranos)
Industry Case Studies and Lessons Learned
Group Exercises: Fraud Risk Assessment & Response Simulation
Scenario-Based Workshops
USD 5,400
excl. VATDo you have any questions ?
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373 road 112, First Industrial Area, Unit No.: 1 Al Jubail 35717 - 7043 KSA
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