Fraud Risk Management
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
The ACFE/COSO Fraud Risk Management Guide (FRMG) was published in 2016 (and updated in 2023). It has quickly gained acceptance as the set of best practices for preventing, detecting, and thus deterring fraud. The fraud landscape is constantly changing and evolving. The FRMG sets out a rigorous set of principles and leading practices for managing fraud risk for forward-thinking organizations to follow. It covers:
How to establish fraud risk management governance.
How to conduct rigorous fraud risk assessments.
How to design and implement fraud control activities.
How to establish reporting mechanisms and investigative procedures.
How to monitor the overall fraud risk management program.
Fraud risk can be managed. All anti-fraud and accountability professionals will benefit from this session’s focus on effective fraud risk management.
Highlights
- Fraud risk management
- Fraud risk assessments
- Data analytics
- Fraud risk management tools
Prerequisites
None
Designed For
Accountants and auditors at all levels
Objectives
- The big picture: accounting principles, audit standards, internal control, enterprise risk and fraud risk management
- Fraud risk governance
- Assessing fraud risk
- Fraud control activities
- Fraud reporting and investigations
- Fraud risk monitoring
- Tools and resources for managing fraud risk
Preparation
None
Leader(s):
Leader Bios
David Cotton, Chairman, Cotton & Company, LLP
Dave Cotton is founder and Chairman Emeritus of Cotton & Company, Certified Public Accountants, headquartered in Alexandria, Virginia. Cotton & Company was founded in 1981 and has a practice concentration in assisting Federal and State agencies, inspectors general, and government grantees and contractors with a variety of government program-related assurance and advisory services. Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than three dozen Federal inspectors general as well as numerous other Federal and State organizations, programs, activities, and functions. In April 2022, Cotton & Company became a subsidiary of Sikich LLP.
Dave has a BS in Mechanical Engineering and an MBA in Management Science and Labor Relations.
In May 2022, Governor Glenn Youngkin appointed Dave to the Virginia Board of Accountancy.
Non-Member Price $139
Member Price $109