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Keys to fraud risk oversight Logo cgma

  Dalit Stern |   Free |   Dec 2018 |   FM magazine

Risk management is a key priority for most organisations. This article considers a quantitative approach to fraud risk management through the use of evaluating fraud risk appetite (FRA) and key risk indicators (KRIs). A FRA statement is a framework that identifies where the business believes it must provide continuous monitoring. KRIs indicate where risk events can occur and they aid decision making.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk management policies & procedures, Advanced