course | Fraud Scenario Identification and Assessment
Join the Fraud Scenario ... course taught in English
ARG-3019 | Fraud Scenario Identification and Assessment
Course Sector : Audit, Risk and Governance
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 14/09/2026 | 18/09/2026 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 26/10/2026 | 30/10/2026 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 05/04/2027 | 09/04/2027 | Dubai | $4,250 | Book now |
| 5 Days | 07/06/2027 | 11/06/2027 | Abu Dhabi | $4,250 | Book now |
Course Introduction
Effectively managing fraud risk starts with the ability to identify realistic fraud scenarios and assess how they could occur within an organization’s processes, systems, and culture. Without a clear understanding of potential fraud scenarios, organizations may overlook critical vulnerabilities or rely too heavily on generic controls that fail to address real risks.
The Fraud Scenario Identification and Assessment course is designed for professionals who are involved in fraud risk management, internal audit, compliance, or control functions and want to strengthen their ability to identify and assess fraud risks in a structured and practical way.
Within BOOST, this program focuses on moving beyond theory to help participants think like fraudsters while maintaining a strong professional and ethical perspective.
The course emphasizes scenario-based thinking—examining how fraud could realistically happen, who might be involved, what controls could be bypassed, and what the impact could be. Participants will learn how to break down processes, identify fraud opportunities, and assess risks based on likelihood and impact. Attention is also given to documenting fraud scenarios clearly and integrating them into broader fraud risk and enterprise risk frameworks.
By the end of the program, participants will be better equipped to identify meaningful fraud scenarios, assess their risk, and support more targeted and effective fraud risk management efforts.
Course objective
- Understand the importance of fraud scenario identification in fraud risk management
- Identify realistic fraud scenarios across business processes
- Analyze how fraud schemes could occur in practice
- Assess fraud risks based on likelihood, impact, and control effectiveness
- Document fraud scenarios clearly and consistently
- Prioritize fraud risks for management attention
- Integrate fraud scenarios into risk assessment and monitoring activities
- Strengthen organizational awareness of fraud vulnerabilities
Course audience
• Internal auditors and audit managers
• Fraud risk and compliance professionals
• Risk management and internal control staff
• Finance and accounting professionals
• Governance and ethics officers
• Internal audit committee support staff
• Public and private sector professionals responsible for fraud risk assessments
Course Outline | DAY 1
Understanding Fraud Scenarios and Risk Thinking
- What fraud scenarios are and why they matter
- Difference between fraud schemes and fraud scenarios
- Common weaknesses that enable fraud
- Thinking like a fraudster: opportunity, pressure, and rationalization
- Role of processes, systems, and culture in fraud risk
- Overview of scenario-based fraud risk assessment
Course Outline | DAY 2
Identifying Fraud Scenarios Across Business Processes
- Breaking down business processes for fraud analysis
- Identifying vulnerable points in end-to-end processes
- Common fraud scenarios in finance, procurement, and operations
- Management override and collusion risks
- External versus internal fraud scenarios
- Using workshops and interviews to identify scenarios
Course Outline | DAY 3
Assessing Fraud Scenarios and Control Effectiveness
- Assessing likelihood and impact of fraud scenarios
- Evaluating existing controls against fraud risks
- Identifying control gaps and weaknesses
- Considering detectability and response capability
- Prioritizing fraud scenarios
- Documenting assessments clearly and consistently
Course Outline | DAY 4
Integrating Fraud Scenarios into Risk Management
- Linking fraud scenarios to enterprise risk management
- Aligning fraud risk assessment with internal audit planning
- Using fraud scenarios to design targeted controls
- Monitoring high-risk fraud scenarios over time
- Reporting fraud risks to management and governance bodies
- Updating fraud scenarios as the business changes
Course Outline | DAY 5
Applying Fraud Scenario Assessment in Practice
- Reviewing real-life fraud cases and scenarios
- Practicing fraud scenario identification and assessment
- Challenging assumptions and blind spots
- Strengthening collaboration between audit, risk, and management
- Improving documentation and communication of fraud risks
- Reflecting on current fraud risk assessment practices
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
Since 2001, we’ve been at the forefront of professional training in the Middle East — shaping the future of learning and development one success story at a time. With a vision rooted in innovation and excellence, we help individuals, teams, and organizations reach their highest potential through integrated, future-ready training solutions. Our comprehensive programs combine global best practices with local insights, empowering people to grow, lead, and make a lasting impact in their industries.
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