Netrika’s Fraud Risk Management Workshop is a customized program that offers a practical approach to identifying, understanding, and managing the most complex frauds. Our instructor-led workshop encompasses various risks that plague organizations, intricacies of building a robust fraud risk management framework, anti-fraud controls, thorough assessment, leveraging monitoring tools, and response strategies.

Our seasoned professionals have designed this training program through extensive research and tailored it to the Indian market. This workshop is the perfect balance of theoretical concepts in fraud risk management, real-world examples, and practical knowledge on understanding fraud risk ecosystem holistically. 

Modules to be Covered

Day 1

1. Introduction to FRM

Fundaments of fraud risk management including detection, prevention & response, and its significance in securing organizational integrity.

2. Fraud Risk Management – Overview

Examination of various fraud risk management frameworks, core components of an effective strategy, and steps to implement it within an organization.

3. Developing a Fraud Risk Management Program

Establishing a comprehensive fraud risk management program by revisiting anti-fraud policies & procedures, tailored to your organization’s needs.

4. Fraud Risk Assessment, Part 1

Designing techniques for identifying potential fraud risks and categorizing them based on likelihood & impact within an organization and leveraging assessment tools for effective assessment.

5. Fraud Risk Assessment, Part 2

Leveraging quantitative and qualitative analysis to evaluate fraud risks, understand the context of identified risks, and document them for future reference.

Day 2

1. General Anti-Fraud Controls (Entity Level/Establishing an Anti-Fraud Culture)

Implementing a code of conduct and ethical guidelines to foster a culture of integrity in an organization and promote zero-tolerance towards fraud. 

2. Ensuring Fraud Awareness

Designing and implementing a robust fraud awareness initiative to keep employees up-to-date with fraud risks and controls.

3. Specific Anti-Fraud Controls (Process or Transaction Level)

Deploying controls specific to organizational processes and methods to review and monitor transactions to identify risks.

4. Using Automated Continuous Monitoring Tools

Understanding the different automated continuous monitoring tools, steps to integrate them into existing systems, and how to deal with potential challenges while using these tools for robust fraud risk management.

5. Responding to Discovered Fraud

Developing a framework of immediate response, investigation process, corrective measures, and reporting to prevent future fraud risk occurrences.

Q1: Who is the ideal candidate to attend Fraud Risk Management Training?

The workshop is designed for candidates/professionals involved in risk management profiles, internal auditors, forensic accountants, fraud examiners, compliance officers, or other similar organizational profiles.

Q2: Will the attending candidates receive materials or resources during the Fraud Risk Management Training?

Yes, the workshop will equip candidates with extensive training materials, practical exercises, case studies, and videos to enhance their learning.

Q3: Is there any certification provided at the end of the Fraud Risk Management Training?

Yes, Netrika provides certification in Fraud Risk Management to candidates who complete the workshop and pass the written exam. In addition, candidates also receive 16 CPE Points to demonstrate their professional development commitment.

Q4: Are there any prerequisites to enrol in the Fraud Risk Management Training?

There is no specific prerequisite required for attending this training, however a basic understanding of internal controls and risk assessment will be helpful.

Q5: How does this workshop integrate with the existing fraud risk assessment and management frameworks?

The workshop is designed to complement existing fraud risk assessment framework of an organizations and integrate the evolving methodologies, trends, and best practices to keep the fraud risk management ecosystem robust and responsive.

Q6: How can I attend the Fraud Risk Management Training?

A participant has the option of choosing from Fraud Risk Management training online self-paced, online instructor-led, and onsite format options, per their convenience and schedule.

Q7: Can the workshop be tailored to meet specific industry needs?

Yes, the training can be tailored to address specific industry evolving requirements and challenges to ensure participants gain relevant information applicable to their industry.  

Our training programs are meticulously curated and highly customizable to align with your organization’s specific requirements and objectives.

The pricing for these programs is flexible, determined by factors such as the number of participants and audience specifications, ensuring a cost-effective solution that meets your training goals.

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