FVC2327. Leveraging the new Fraud Risk Management Guide in your Practice

In May 2023, COSO published the second edition of the Fraud Risk Management Guide, updating the original 2016 edition. Key updates include mor resources focused on the linkage between fraud risk management and deterrence, expanded information on internal controls, and data analytics. The session will focus on how this widely accepted set of leading practice for anti-fraud professionals can be leveraged in forensic engagement, including litigation matters, in investigations, and in strengthening anti-fraud controls systems.

Learning Objectives:

• Identify the principles and points of focus of a strong fraud risk management program, as articulated in COSO’s Fraud Risk Management Guide (FRMG)
• Recognize potential applications of FRMG in litigation settings involving fraud events and assessment of anti-fraud controls
• Recognize potential applications of FRMG in investigation settings
• Apply FRMG principles and points of focus in client settings