Fraud Risk Management Training Course

Course Category : Compliance

A specialised training programme focused on establishing integrated fraud risk management systems, strengthening internal controls, and implementing proactive fraud prevention strategies across organisations.
Duration: 5 Days
Level: Intermediate – Advanced

Introduction

In modern organisations, fraud risks represent one of the most significant threats to financial stability, operational integrity, and regulatory compliance. Fraudulent activities may lead to substantial financial losses, reputational damage, and erosion of stakeholder confidence. Consequently, organisations increasingly rely on structured fraud risk management frameworks as a core component of enterprise governance and risk management practices.
This course provides a systematic understanding of fraud risk management principles and practices. It explores the integration of risk management processes, internal control systems, and proactive fraud prevention strategies. Participants will learn how to identify fraud exposures, evaluate risk environments, design preventive and detective controls, and promote an organisational culture that prioritises integrity, accountability, and ethical conduct.

Targeted Audience

Risk Managers
Internal Audit Managers and Auditors
Compliance and Governance Managers
Quality Assurance Professionals
Operations and Business Managers
Fraud Prevention Officers
Accountants and Financial Analysts
Senior and Middle Managers requiring broader risk and control knowledge

Targeted Skills

Enterprise Fraud Risk Management Understanding
Internal Control System Design
Fraud Risk Identification and Assessment
Fraud Prevention Strategy Development
Risk Register and Risk Treatment Planning
Integrity and Compliance Culture Development

Expected Outcomes

Develop a comprehensive understanding of enterprise fraud risk management frameworks.
Identify and analyse potential sources of fraud risks within organisations.
Design preventive and detective internal control mechanisms.
Integrate risk assessment outcomes into organisational planning processes.
Establish effective fraud prevention policies and procedures.
Promote integrity and transparency within organisational culture.

Training Topics Index

Concept of enterprise risk management
Role of risk management in organisational sustainability
Linking risks with strategic objectives
Risk measurement and evaluation techniques
ISO 31000 risk management standard

Identifying potential risk sources
Analysing and evaluating risk exposure
Developing and maintaining risk registers
Risk treatment strategies (avoidance, transfer, mitigation, acceptance)
Integrating risk management into business planning

Concept and value of internal control systems
COSO Internal Control Framework
Types of controls preventive, detective, corrective
Relationship between governance and internal controls
Policy and procedure compliance

Impact of global economic changes on controls
Information security risks
Technology control and governance
Systems development and control risks
Updating internal control procedures

Why internal controls may fail to prevent fraud
Fraud risk assessment methodologies
Designing anti-fraud policies and procedures
Recognising patterns of fraudulent behaviour
Promoting integrity and ethical culture

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code