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Course Overview

Fraud poses significant financial, reputational, and operational risks for organizations across industries. This Business Fraud Risk Assessment Training Course provides participants with the knowledge and practical methods to identify vulnerabilities, evaluate fraud exposure, and design effective mitigation strategies.

Through interactive workshops, case studies, and risk simulation exercises, participants will learn how to assess fraud schemes, implement controls, and develop a structured fraud risk management framework. The course also explores investigative practices and emerging risks in digital and global markets.

By the end of the program, attendees will be confident in conducting fraud risk assessments and strengthening their organization’s defense against financial crime.

Course Benefits

• Gain practical skills to identify and assess fraud risks.

• Learn to design effective fraud prevention frameworks.

• Strengthen investigative and detection capabilities.

• Improve fraud reporting and monitoring processes.

• Build resilience against reputational and financial damage.

Course Objectives

• Understand fraud risk concepts and organizational vulnerabilities.

• Apply risk assessment methodologies tailored to fraud prevention.

• Identify fraud schemes and red flags across industries.

• Strengthen internal controls and monitoring mechanisms.

• Conduct fraud risk workshops and scenario planning.

• Develop action plans for fraud detection and reporting.

• Support leadership in building a fraud-aware culture.

Training Methodology

The course blends lectures, fraud case studies, role-playing simulations, and group workshops. Participants actively practice applying fraud risk assessment techniques in real-world contexts.

Target Audience

• Internal auditors and compliance officers.

• Risk management professionals.

• Corporate security and fraud investigators.

• Executives and managers responsible for governance.

Target Competencies

• Fraud risk identification.

• Vulnerability assessment.

• Control design and testing.

• Fraud detection and investigation.

Course Outline

Unit 1: Introduction to Fraud Risk in Business

• Defining fraud and its organizational impact.

• Types of fraud (internal, external, cyber).

• Global fraud risk trends and challenges.

• Case examples of corporate fraud.

Unit 2: Fraud Risk Assessment Methodologies

• Frameworks for assessing fraud risks.

• Identifying fraud vulnerabilities in processes.

• Risk mapping and prioritization.

• Tools for fraud risk assessment.

Unit 3: Detecting and Analyzing Fraud Schemes

• Common fraud schemes and typologies.

• Recognizing red flags and warning signs.

• Linking fraud schemes to business functions.

• Emerging digital and cyber fraud risks.

Unit 4: Controls, Monitoring, and Response

• Designing effective anti-fraud controls.

• Transaction monitoring and data analytics.

• Incident response planning and reporting.

• Investigative practices for auditors.

Unit 5: Building a Fraud-Resistant Organization

• Embedding fraud risk management in governance.

• Conducting fraud risk workshops.

• Training employees on fraud awareness.

• Sustaining a culture of integrity and ethics.

Ready to strengthen your organization’s defenses against fraud?
Join the Business Fraud Risk Assessment Training Course with EuroQuest International Training and build a proactive approach to fraud risk management.