CURRENT TRENDS IN RISK OF FRAUD MANAGEMENT

Abstract

This paper presents the innovations in the second edition of the Fraud Risk Management Guide, with a focus on encouraging organizational leaders to develop a comprehensive fraud risk management framework, as a kind of Fraud Risk Management Program tailored to organizational needs. Effective fraud risk management is a key factor in achieving organizational goals. Combining the guidance from the Fraud Risk Management Guide and the COSO framework helps organizations better identify, assess, and manage fraud risks.