COSO Fraud Risk Management

Event details

Level 1
From 02/12/2022 09:00 to 02/12/2022 17:00
1 Day(s)
CPE credits
Spoken language(s)
English (EN)
Early bird date

Event price(s) (VAT Exclusive)

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Regular non-member price
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COSO Fraud Risk Management


This one-day training class helps auditors and audit managers to understand, develop and evaluate essential components of a Fraud Risk Management system in an organisation. The course is structured around the refreshed (2022) edition of the COSO Fraud Risk Management Guide and will cover the essential components an organisation should have in place to manage its fraud risk. Topics will be covered through guidance on tools, tricks and procedures and by means of several good practice examples. You will be coached on the set-up of a FRM system adapted to your organisation through a series of exercises, feedback sessions and class discussions.


Internal auditors, audit managers and directors with basic knowledge on COSO ERM but with a key interest in learning how to understand and be able to evaluate an organisation’s fraud risk management system.


• Learn how internal audit can and should play a role in (evaluating) an organisation’s fraud risk management system
• Obtain profound knowledge of fraud risk management and specific components which will enhance your understanding on the effectiveness of fraud risk system components
• Receive guidance in setting up an audit work program for evaluating an organisation’s fraud risk management system


• Guidance on key aspects of the 5 Fraud Risk Management principles: Fraud Risk Governance, Fraud Risk Assessment, Fraud Control Activities, Fraud Investigation (and Corrective Action) and Fraud Risk Management Monitoring Activities.
• Tips and tricks on how to practically implement a Fraud Risk Management system that is adapted to the needs of your organisation by covering good practices, easy-to-use templates and tools, and basic procedures.
• Coaching on the set-up of a FRM system adapted to your organisation through exercises on assessment of fraud risk, design of essential fraud prevention and detection controls, and monitoring the functioning of the Fraud Risk Management system.


The class will include practical examples, full group discussions and individual exercises. The training class itself and all materials will be provided in English. Prior to the class, participants are required to go through the material (pre-read, exercises and preparing class discussions) made available on IIA’s E-learning platform. The new (upcoming) edition of the COSO Fraud Risk Management Guide (eBook) will be provided and the price for this guide is already included in the price above.
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