Description

Program Overview

The Fraud Risk Management Training Program is designed for professionals seeking to develop robust capabilities in identifying, assessing, mitigating, and responding to fraud risks within their organizations. In an increasingly complex and digitally interconnected business landscape, where both traditional and emergent fraud schemes pose significant threats, a proactive and comprehensive fraud risk management strategy is paramount.

Fraud risk governance is the structure of rules, practices, and processes for fraud risk management in a company. A strong and transparent fraud risk governance policy discourages fraudsters because it emphasizes C-level commitment to reducing and controlling fraud risk.

Participants will gain practical skills to design, execute, and monitor an effective fraud risk management program, fostering a strong anti-fraud culture and leveraging advanced analytical techniques.

The curriculum emphasizes a systematic approach from governance and risk assessment to controls, investigation, and continuous monitoring, ensuring a holistic understanding of fraud prevention and detection.

This training is essential for mitigating financial losses, safeguarding organizational reputation, ensuring regulatory compliance, and promoting an ethical business environment.

 

Learning Objectives

Upon successful completion of this program, participants will be able to:

• Comprehend Fundamental Concepts: Define fraud risk, categorize common types of fraud (e.g., asset misappropriation, corruption, financial statement fraud), and understand the impact of fraud on organizations.
• Establish Robust Governance: Develop and implement effective fraud risk governance structures, including defining roles, responsibilities, policies, and reporting processes, aligned with a strong anti-fraud culture.
• Conduct Comprehensive Risk Assessments: Plan and execute thorough fraud risk assessments to identify vulnerabilities, evaluate the likelihood and impact of various fraud schemes, and prioritize risks across business processes.
• Design and Implement Effective Controls: Distinguish between preventive and detective controls, and design, implement, and maintain a layered control environment to mitigate identified fraud risks.
• Manage Investigations and Corrective Actions: Develop and implement structured internal investigation procedures, including evidence collection, interviewing, reporting, and asset recovery strategies, following suspected or confirmed fraud incidents.
• Monitor and Improve Programs: Establish mechanisms for ongoing monitoring of the fraud risk management program’s effectiveness, measure performance against key metrics, and adapt strategies to evolving fraud threats.
• Foster Anti-Fraud Culture and Awareness: Develop and implement communication and training programs to educate employees on fraud risks, prevention techniques, whistleblowing channels, and their individual responsibilities in maintaining an ethical environment.

 

Target Audience

• Leaders, C-Level Officers, Management, Governance and Compliance Specialists / Heads
• Finance and Accounting Professionals
• HR Professionals
• IT & Cybersecurity Professionals
• Sales and Business Development Professionals
• Board Members & Audit Committee Members
• Internal Auditors
• Legal Counsels
• Newly Appointed Fraud Specialist

 

Duration

1 Day Class

 

Program Structure

The Program is delivered using a combination of instructor-led lectures, case studies, and exercises on the practical implementation of the concepts discussed within the training.

The topics presented below define the areas of focus under the program.

 

Core Modules

The program is structured into the following comprehensive modules:

Module 1: Introduction to Fraud Risk Management

• Understanding Fraud: Definition, categories (e.g., asset misappropriation, corruption, financial statement fraud, cyber fraud), and the fraud triangle.
• The Impact of Fraud: Financial, reputational, legal, and operational consequences.
• Evolution of Fraud Risk: Traditional versus modern threats, including cyber fraud and sophisticated payment schemes.
• The Case for Fraud Risk Management: Why organizations need a structured approach.
• Overview of Fraud Risk Management Frameworks & Governance : Introduction to COSO Fraud Risk Management Guide and other relevant standards.

 

Module 2: Fraud Risk Governance and Culture

• Setting the Tone at the Top: Board and senior management responsibilities in fostering an ethical environment.
• Developing an Anti-Fraud Culture: Policies, code of conduct, hiring practices, employee support, and accountability.
• Roles and Responsibilities: Defining anti-fraud responsibilities across all organizational levels.
• Whistleblower Mechanisms: Establishing and promoting secure and confidential channels for reporting suspected fraud.
• Ethics and Compliance Programs: Integration of fraud risk management into broader ethics and compliance initiatives.

 

Module 3: Fraud Risk Assessment

• Principles of Fraud Risk Assessment: Identifying inherent fraud risks, considering incentives and pressures.
• Planning and Preparation: Scoping, gathering information, and engaging stakeholders.
• Identifying Fraud Schemes and Scenarios: Brainstorming potential fraud types relevant to the organization’s operations (e.g., vendor fraud, payroll fraud, expense reimbursement fraud, data theft).
• Assessing Likelihood and Impact: Quantifying potential losses and operational disruptions.
• Fraud Risk Profiling: Prioritizing risks and developing a fraud risk portfolio.
• Risk Registers and Heat Maps: Tools for visualizing and managing fraud risks.
• Assessment Outcomes: To create a straightforward risk quadrant that helps leadership decide the right solution for each type of risk.
• Risk Detection Systems: The need for fraud risk detection mechanisms to stop fraud before it does any damage and a reporting mechanism that monitor anomalies, such as exception reporting, data mining, trend analyses, etc.

 

Module 4: Fraud Control Activities

• Types of Controls: Preventive, detective, and corrective controls.
• Designing Effective Controls: Segregation of duties, authorizations, reconciliations, physical safeguards.
• Implementing Controls: Practical considerations for embedding controls into business processes.
• Control Testing and Evaluation: Ensuring controls are operating effectively and identifying weaknesses.
• Automated Controls and System Configurations: Leveraging technology to prevent and detect fraud within systems.

 

Module 5: Fraud Detection and Monitoring

• Continuous Monitoring: Real-time tracking of key metrics and indicators.
• Data Analytics for Fraud Detection: Methodologies for identifying anomalies, patterns, and red flags (e.g., unusual transactions, duplicate payments, activity outside normal hours).
• Behavioral Analytics: Recognizing employee behaviors indicative of potential fraud risk.
• Forensic Accounting Techniques: Understanding how forensic accountants can uncover hidden fraud.
• Surprise Audits and Reviews: The role of unannounced checks in detecting fraud.
• Emerging Technologies in Detection: AI, machine learning, and robotic process automation (RPA) in fraud prevention.

 

Module 6: Fraud Investigation and Corrective Action

• Developing an Incident Response Plan: Pre-defined procedures for reacting to suspected fraud.
• Initial Response and Containment: Freezing accounts, isolating systems, and preserving evidence.
• Conducting Internal Investigations: Gathering evidence, interviewing witnesses, legal and ethical considerations.
• Reporting Requirements: Internal, law enforcement, and regulatory notifications (e.g., SAR filings).
• Disciplinary and Legal Actions: Addressing employee involvement, criminal charges, and civil remedies.
• Asset Recovery: Strategies for mitigating financial losses through insurance claims and specialized recovery efforts.

 

Module 7: Program Management, Measurement, and Improvement

• Measuring Program Effectiveness: Key performance indicators (KPIs) and metrics for fraud losses, recoveries, and control performance.
• Benchmarking and Trend Analysis: Comparing performance against industry standards and historical data.
• Regular Program Reviews and Audits: Internal and external assessments of the fraud risk management framework.
• Post-Incident Analysis: Learning from fraud incidents to strengthen controls and policies.
• Adapting to Evolving Threats: Staying current with new fraud schemes and technological advancements.
• Communication and Awareness: Ongoing training, newsletters, and team discussions to maintain fraud awareness throughout the organization.
• Fraud Governance Policy: Fraud risk governance policy identified and assessed the fraud risks in your organization, implement policies, controls, software, and procedures that will prevent (or reduce the chance of) fraud.
• Fraud Risk Education: Overcoming whistleblowing silence, organization must provide fraud education, an anonymous hotline, and a culture of transparency and openness as innocent employees reporting can be put into a difficult positions.

 

RESOURCE SPEAKER:

Mr. Kama Neson Ganeson

PMP, PMI-RMP, CGOV, CORS, CCP, CSAP, CLA BCMC & ISMS 2026

Course Director and Master Trainer

 

SCHEDULE:

May 20, 2026 (Wednesday) 9:00 AM – 5:00 PM

 

TRAINING FEE PER PARTICIPANT:

Member Institution – Php3,920.00

Non-Member Institution – Php5,040.00

*VAT inclusive

 

REGISTER HERE!