Fraud Risk Management

Fraud remains one of the most significant risks facing organizations across all sectors, affecting financial performance, reputation, employee morale, and stakeholder trust. As fraud schemes become more sophisticated, organizations are increasingly expected to move beyond reactive detection and adopt structured, proactive approaches to managing fraud risk.

The Fraud Risk Management course is designed for professionals who already have basic knowledge of risk, audit, or compliance and want to deepen their understanding of how fraud risks are identified, assessed, and managed. Within BOOST, this program focuses on practical fraud risk management frameworks that can be applied in real organizational environments.

The course emphasizes prevention, early detection, and response rather than investigation alone. Participants will explore common fraud schemes, fraud risk factors, control weaknesses, and the roles of management, internal audit, and governance bodies in managing fraud risk. The program also highlights how culture, ethics, and tone at the top influence fraud risk.

By the end of the course, participants will be better equipped to support effective fraud risk management practices and contribute to protecting their organizations from fraud-related losses.

• Understand the nature and impact of fraud risks on organizations
• Identify common types of fraud and related risk factors
• Apply structured approaches to fraud risk assessment
• Design and evaluate fraud prevention and detection controls
• Understand roles and responsibilities in fraud risk management
• Recognize early warning signs and red flags of fraud
• Support effective fraud response and reporting processes
• Contribute to a strong anti-fraud culture within the organization