Format: On-demand
About Self-Study Certificate Program
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 modules, 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.
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, you will earn a certificate and digital badge, demonstrating your expertise in fraud risk management and your commitment to building stronger, fraud-resistant organizations.
This program includes:
- Seven Self-Paced Modules: Complete them from anywhere, at your convenience.
- Complimentary copy Fraud Risk Management Guide, Second Edition (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.
Learning Objectives
After completing this program, you should be able 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.
- 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.
- Recognize how a comprehensive approach to fraud risk management supports fraud deterrence.
Key Topics:
- Governance
- Risk assessment
- Controls
- Investigation and corrective action
- Monitoring
Who Will Benefit:
- Organizations looking to implement a new fraud risk assessment or benchmark their current one
- Organizations seeking to establish or enhance their fraud risk management (FRM) program
- Professionals involved in fraud risk management across organizations of any size
- Consultants providing advisory services related to fraud risk management
- Internal and external auditors assessing fraud risk management and regulatory compliance programs
- Board members responsible for overseeing fraud risk management
*Upon purchase, the user has 365 days to complete this course. Upon completion of the course, the learner must achieve a score of 70% on the final exam in three (3) attempts.