Fraud Risk Management, Assessment & Fraud Analysis Bootcamp

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Financial Crime Academy

3:00:42

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1. Introduction to this Program

1. Thank You & Welcome.html

2.1 Certificate in Fraud Risk Management Slides.pdf

2. Introduction.mp4

08:05

2. Overview of Fraud and Risk Management

1. Introduction to this Module.mp4

01:44

2. What is Fraud its Extent.mp4

09:10

3. What is the Scale of The Problem.mp4

05:37

4. Why is Fraud Committed.mp4

03:54

5. Different Types of Fraud Schemes.mp4

04:46

6. Impact of Fraud on Organization.mp4

02:52

7. Case Study - a real-life case of fraud that happened in an organization.mp4

07:35

8. Module Summary.mp4

04:17

9. Multiple Choice Quiz.html

3. Understanding Fraud Risk Management

1. Introduction to this Module.mp4

01:27

2. What is Fraud Risk Management.mp4

02:12

3. Strategic Fraud Risk Management and the 4Ts Approach.mp4

08:32

4. Risk-Based Approach to Fraud Risk Management.mp4

03:54

5. Module Summary.mp4

04:43

6. Multiple Choice Quiz.html

4. Fraud Risk Assessment Framework

1. Introduction to this Module.mp4

01:16

2. Overview 7-Step Fraud Risk Assessment Framework.mp4

01:29

3. Step 1 Identify potential inherent fraud risks and schemes.mp4

02:53

4. Step 2 Assess the likelihood of identified inherent fraud risks.mp4

04:12

5. Step 3 Assess the impact of identified inherent fraud risks.mp4

02:11

6. Step 4 Evaluate which people and departments are most likely to commit fraud.mp4

02:52

7. Step 5 Identify and map existing controls to relevant fraud risks.mp4

02:31

8. Step 6 Evaluate whether the identified controls are operating effectively and e.mp4

04:37

9. Step 7 Identity, evaluate, and respond to residual fraud risks that need to be.mp4

02:56

10. Module Summary.mp4

04:24

11. Multiple Choice Quiz.html

5. Fraud Risk Management Program

1. Introduction to this Module.mp4

01:23

2. Overview 8-Step Fraud Risk Management Program Framework.mp4

01:17

3. Step 1 Define program objectives.mp4

05:13

4. Step 2 Assess fraud risks.mp4

04:16

5. Step 3 Design program components.mp4

04:51

6. Step 4 Implement program components.mp4

03:32

7. Step 5 Communicate expectations.mp4

02:03

8. Step 6 Ensure compliance.mp4

02:22

9. Step 7 Identify and investigate violations.mp4

06:09

10. Step 8 Measure, evaluate, and report program effectiveness.mp4

02:51

11. Module Summary.mp4

05:16

12. Multiple Choice Quiz.html

6. Fraud Control

1. Introduction to this Module.mp4

01:15

2. Overview of Internal Controls.mp4

04:56

3. Control Characteristics.mp4

04:18

4. Role of Audit in Fraud Prevention and Detection.mp4

01:31

5. The External Audit.mp4

04:11

6. The Internal Audit.mp4

04:39

7. Module Summary.mp4

04:44

8. Multiple Choice Quiz.html

7. Fraud Prevention

1. Fraud Prevention Controls.mp4

05:43

2. Key Aspects of Prevention Generic Controls.mp4

02:15

3. The Six Key Fraud Prevention Controls.mp4

05:28

4. Module Summary.mp4

04:20

5. Multiple Choice Quiz.html

Description

Learn Practical Insights into Fraud Risk Management, Indication, Detection and Analytics | Certificate inlcuded

What You'll Learn?

Understand fraud and the impact of fraud on organizations
Learn why fraud risk management is relevant for organizations
Discuss the strategic 4T approach to fraud risk management
Learn how to conduct an effective fraud risk assessment based on a holistic 7-step framework
Understand the key components of a fraud risk management program to effectively encounter fraud in organizations
Understand key organizational components in encountering fraud, including internal and external audits
Learn relevant tools and controls for operational fraud prevention

Who is this for?

Professionals wanting to acquire and demonstrate expertise and specialized knowledge in fraud risk management

Professionals wanting to increase their value7 through an advanced and comprehensive understanding of fraud risk management

Professionals wanting to build meaningful fraud risk management knowledge to be used effectively in organizational fraud departments

Career starters and students wanting to get an edge in fraud risk management

What You Need to Know?

To participate in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.).

Although this is helpful, you will need no previous knowledge in compliance or anti-financial crime.

A background in business, legal, or finance might also be beneficial but is not required.

More details

Description
This course offers comprehensive training on creating and implementing an effective fraud risk management program within organizations. Designed for professionals aiming to deepen their understanding of fraud dynamics, this course covers the essentials of how and why fraud occurs and the most effective strategies for its prevention, detection, and management. Over six detailed modules, learners will explore various fraud categories, delve into different frameworks for managing fraud risks, and develop skills in fraud avoidance, detection, and investigation techniques. Completing this course will empower you to foster an anti-fraud culture, enhance fraud awareness, and establish robust internal controls to mitigate fraud risks.

COURSE STRUCTURE

Module 1: Overview of Fraud and Risk Management
This module introduces the concept of fraud, its extent, and impact on organizations. Learn about the different types of fraud schemes and explore a real-life case study to understand the practical implications of fraud in an organizational setting.
Module 2: Understanding Fraud Risk Management
Dive into the fundamentals of fraud risk management, including the strategic "4Ts" approach and a risk-based methodology for managing fraud risks. This module lays the groundwork for developing a strategic perspective on fraud prevention.
Module 3: Fraud Risk Assessment Framework
Explore a detailed 7-step fraud risk assessment framework to identify, assess, and respond to inherent fraud risks. This module guides you through evaluating potential fraud risks and the effectiveness of existing controls.
Module 4: Fraud Risk Management Program
Learn about an 8-step fraud risk management program framework. This module covers everything from defining program objectives and assessing fraud risks to implementing program components and evaluating their effectiveness.
Module 5: Fraud Control
Focus on the role of internal controls in preventing and detecting fraud. Understand the characteristics of effective controls and the critical roles of both external and internal audits in the fraud control process.
Module 6: Fraud Prevention
This module provides an in-depth look at fraud prevention controls, emphasizing six key fraud prevention controls. Learn about generic controls and strategies to strengthen your organizationâ€™s defense against fraud.
By the end of this course, participants will be well-equipped with the knowledge and skills required to establish a comprehensive fraud risk management program, contributing significantly to their organization's integrity and resilience against fraud.

COURSE FEATURES

âœ“ Interactive Modules: Engage with dynamic content, including multiple-choice exercises that mirror real-world scenarios.
âœ“ Expert Instruction: Benefit from the insights and experiences of seasoned professionals in fraud risk management.
âœ“ Flexible Learning Environment: Access our course from anywhere, at any time, through our state-of-the-art online platform, designed for busy professionals.
âœ“ Professional Certification: Earn a distinguished certification issued by the Financial Crime Academy that showcases your expertise in fraud risk management with an understanding of its importance within the compliance, risk management, and anti-financial crime landscape.

WHO THIS COURSE IS FOR

This program is ideally suited for professionals in compliance, risk management, internal audit, and finance sectors, as well as business leaders and managers who are responsible for overseeing fraud risk within their organizations. It is particularly beneficial for those seeking to enhance their expertise in fraud detection, prevention, and risk management strategies, or aiming to implement or improve a fraud risk management program in their company.

ENROLL TODAY

Enrol in our fraud risk management course today to take a significant step towards becoming an expert in navigating and mitigating detection, analysis, compliance, and other risks, thereby contributing to the overall success of your organization.

Important! This course, similar to the Financial Crime Academy's Certificate in Fraud Risk Management, is available on Udemy to support FCA's mission of making professional education more widely accessible. Completion via Udemy grants a certificate of completion only without access to FCA's platform, support, or a verifiable certificate ID. Courses on Udemy do not count towards FCA's CAMP, CAIP, or CFCP programs.
Who this course is for:
Professionals wanting to acquire and demonstrate expertise and specialized knowledge in fraud risk management
Professionals wanting to increase their value7 through an advanced and comprehensive understanding of fraud risk management
Professionals wanting to build meaningful fraud risk management knowledge to be used effectively in organizational fraud departments
Career starters and students wanting to get an edge in fraud risk management

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Financial Crime Academy (FCA) provides you with high quality and engaging online courses in the field of anti-financial crime.FCA is dedicated to deliver highly relevant content to improve the knowledge of professionals working in the field and for individuals looking to sharpen their business-related skills and accelerate their careers.FCA’s course offering is being continuously developed and will soon feature topics including Anti-Money Laundering (AML), Compliance, Sanctions, Fraud, Investigations, and many more!FCA offers you easy-to-access, affordable, and entertaining courses which are all built on the relevant practical experience of our international instructors.It is the goal of FCA to deliver anti-financial crime online education at scale to teach professionals around the world what they need to effectively fight financial crime!

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Students take courses primarily to improve job-related skills.Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.