Empowering Professionals to Strengthen Fraud Risk Management
NEW YORK, April 30, 2025 -- The Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with the Association of Certified Fraud Examiners (ACFE), is pleased to introduce the COSO Fraud Risk Management Certificate program. This new certification, offered through the Institute of Internal Auditors (IIA), and the Institute of Management Accountants (IMA) in addition to the ACFE, is designed to help professionals enhance their expertise in fraud risk management.
The certificate program builds on the Fraud Risk Management Guide (FRMG), originally released in 2016 and expanded in 2023, to provide a more comprehensive approach to identifying, assessing and mitigating fraud risks. The second edition of the guide outlines five key principles organizations should follow to establish an effective fraud risk management program.
The COSO Fraud Risk Management Certificate equips participants with the skills needed to implement a robust fraud risk management framework based on COSO principles. The program includes self-paced learning modules, and a certifying exam. Upon successful completion, participants will earn an official COSO Fraud Risk Guide Certificate and Digital Badge, demonstrating their proficiency in fraud deterrence and management.
"Managing fraud risk is a challenge for organizations of all sizes," said Lucia Wind, Executive Director & Chair of COSO. "This program provides professionals with the knowledge and tools needed to build strong anti-fraud controls, risk assessments and programs, ultimately strengthening organizational resilience and fostering a culture of integrity."
Key Program Highlights:
- Practical strategies for implementing COSO's fraud risk management framework.
- Best practices for fraud deterrence, detection and response.
- Integration of fraud risk management with internal controls and data analytics.
- Case studies and real-world applications.
"In continuing our partnership with COSO our organizations form a united front against fraud," said ACFE President John Gill, J.D., CFE. "The ACFE is pleased to join forces once again to develop this new certificate that will assist professionals in navigating fraud risks, as well as continue guiding organizations in establishing a comprehensive and effective fraud risk management program."
For more information about the COSO Fraud Risk Management Certificate program, visit https://www.coso.org/fraud-risk-mgmt-cert-program.
About COSO
Originally formed in 1985, COSO is a voluntary private sector organization dedicated to helping organizations improve performance by developing thought leadership that enhances internal control, risk management, governance and fraud deterrence. COSO is jointly sponsored by the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), the Institute of Management Accountants (IMA), and The Institute of Internal Auditors (IIA). For more information, visit www.COSO.org.
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