Fraud Risk Management – official ACFE training

Partners

In-company

With at least 5 participants an in-house training could be your best option. An in-company training, customized to the needs of your organization, has many advantages and:

• saves you and your colleagues time
• enables you to train in the comfort of your own working environment
• saves travel and accommodation expenses
• can be arranged at a time convenient for you
• sensitive issues can be discussed openly since no outsiders are present

Do you prefer an in-company training? Please contact us for more information. We are more than happy to discuss the various possibilities with you.

Content

DAY I
Fraud risk management – introduction

• Building an effective fraud risk management program requires solid understanding of how and why fraud is perpetrated
• The ways fraud occurs and the impact it has on organizations
• The factors that influence an organization's fraud risks
• Different parties' roles and responsibilities for managing these risks

Fraud risk management – overview

• The risk of fraud is just one of the many types of risks to be managed by your organization, but to let this risk fall out of focus can bring catastrophic results
• The elements of an effective fraud risk management program
• Why businesses should invest the necessary resources to manage fraud risk

Developing a fraud risk management program

• Without clear, defined objectives, a fraud risk management program cannot be effective
• Why some fraud risk management programs are not successful
• The eight steps involved in developing a holistic fraud risk management program

The role of culture and internal controls

• Creating an anti-fraud culture throughout the organization provides an important foundation for the fraud risk management program
• The elements of a strong anti-fraud culture
• Potential obstacles organizations face in fostering this anti-fraud environment
• The role of internal controls as part of the fraud risk management program
• How to design and implement effective anti-fraud controls

Fraud risk assessment – part 1

• The foundation of a successful fraud risk management program is a well-designed and properly executed fraud risk assessment
• Without an adequate understanding of the organization's true fraud risks, any efforts at managing fraud risks might miss the mark
• What makes a good fraud risk assessment?
• How to plan and prepare the organization for the assessment
• Numerous considerations that must be incorporated into the assessment process to ensure the fraud risk assessment's success

Fraud risk assessment – part 2

• A framework for effectively assessing fraud risk across the entire organization
• Walk through the entire process, from identifying the sources and types of risks, assessing the danger they pose to the organization, compiling a complete fraud risk portfolio, and determining appropriate action plans to address these risks

DAY II
Putting the fraud risk assessment into action 

• Using a real-life fraud case, practice applying the fraud risk assessment approaches and methodology explored on day I
• Explore how the company's culture, anti-fraud controls, leadership behaviors, and complaint and response protocols all affect its ability to manage its fraud risks

Shaping an anti-fraud culture

• Many organizations avoid open conversations about fraud, but successfully shaping an anti-fraud culture requires bringing fraud into the spotlight
• How to proactively foster an entity-wide anti-fraud culture through policies, hiring practices, employee support and accountability, fraud awareness efforts, and other culture-building initiatives

Proactively looking for fraud risk indicators

• Evidence of fraud often hides in plain sight
• Identify the various ways that the red flags of fraud can appear in an organization
• Analyze both financial and behavioral clues for warning signs that fraud might be occurring
• How to incorporate monitoring for these signs into the fraud risk management program

Monitoring, reporting, and improving on the fraud risk management program

• An effective fraud risk management program includes processes and procedures for monitoring the program's effectiveness and improving the program where needed
• How to measure and report the program's success
• How to make the case for additional support and funding
• A maturity model for assessing and evolving your fraud risk management program

Certificate

All participants will receive a Personal Certificate. Individuals holding a Certified Fraud Examiner (CFE) certification may claim 16 CPE credits - of which 2 are Ethics CPE hours - to maintain their certification.

Trainer(s)

The Fraud Risk Management training is facilitated by an ACFE authorized trainer.
Your trainer is:

Robert Lamers CFE
Robert Lamers is an anti-fraud and crisis management specialist and toptrainer of our CFE trainings. He served as a senior corporate anti-fraud officer with NN Group and ING Insurance for many years. Robert is head of European Partnership Development at the Association of Certified Fraud Examiners (ACFE).

Start date(s)

The training Fraud Risk Management lasts for 2 days from 09.30 hrs - 17.00 hrs. The training will take place in Amsterdam, The Netherlands (in-class and live online, up to your choice) on the following dates:

• 18 + 19 April 2024
• 7 + 8 October 2024

Fee / Registration

The fee of the 2-day official ACFE training Fraud Risk Management is € 1,980 (VAT excl.) per person. The fee includes all lunches, coffee/tea, the official ACFE documentation and 16 CPE credits - of which 2 are Ethics CPE hours - for maintaining your CFE certification (if applicable).