In this certification course, candidates will:

• Learn the elements of a fraud risk management program including the establishment of fraud risk governance policies
• Discuss the steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud
• Review risk management frameworks established by COSO, ACFE, IIA and other relevant organizations
• Understand why organizations should manage fraud risk and assign roles and responsibilities for elements of the program
• Identify red flags related to a variety of occupational fraud schemes
• Learn tools and techniques to detect and investigate instances of fraud
• Identify, assess and manage fraud risks from all sources and support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization
• Identify the elements of a strong ethics & compliance program
• Study case studies to support fraud risk management theory and practice
• Conduct group exercises to support the learnings

Course Modules include:

1. Enterprise & Fraud Risk Management
2. Fraud Risk Governance
3. Fraud Detection Programs & Controls
4. Fraud Risk Assessments
5. Intro to Fraud Schemes, Skimming Schemes Expense Reporting Fraud
6. Cash Larceny Schemes
7. Payroll Fraud Schemes
8. Billing Schemes
9. Bribery & Corruption
10. Financial Statement Fraud
11. Fraud Case Study
12. Ethics & Compliance
13. Conducting Investigations
14. Conducting Investigations Case Study

Learning Objectives:

• Learn the elements of a fraud risk management program including the establishment of fraud risk governance policies
• Discuss the steps involved in developing a fraud risk management program, as well as the program components necessary to fully manage the risk of fraud
• Review risk management frameworks established by COSO, ACFE, IIA and other relevant organizations
• Understand why organizations should manage fraud risk and assign roles and responsibilities for elements of the program
• Identify red flags related to a variety of occupational fraud schemes
• Learn tools and techniques to detect and investigate instances of fraud
• Identify, assess and manage fraud risks from all sources and support fraud risk management initiatives by establishing an anti-fraud culture and promoting fraud awareness throughout the organization
• Identify the elements of a strong ethics & compliance program
• Study case studies to support fraud risk management theory and practice
• Conduct group exercises to support the learnings

Prerequisites:

To qualify for admission to this AML/CFT/FCP Certification Program sequence of courses, in addition to a high school diploma and/or have entry-level qualifications to a college/university a student must qualify via at least one of the following:

• Be enrolled at a University Partner’s institution;
• Be admitted at any University Partner’s institution;
• Have obtained at least an Associate Degree from another accredited institution; or
• Have accumulated five (5) years of experience working for a regulated entity under AML/CFT/CFP/FCP, a regulator, an enforcement agency or government, and possess at least a high school diploma.

Select University Partner