A robust fraud risk management strategy is vital for organizations to detect and prevent fraudulent activities. The Fraud Risk Management Guide, released by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), aims to guide organizations as they develop and refine their fraud risk management programs. This updated edition of the guide expands on anti-fraud developments, revises terminology for clarity, and provides more insight into the role of technology, specifically data analytics, in fraud prevention.
The Fraud Risk