Our summary
The Fraud Risk Management Guide, published jointly by COSO and the ACFE, sets out how an organisation can build a complete anti-fraud program. It is organised around five principles: fraud risk governance, fraud risk assessment, fraud control activities, investigation and corrective action, and monitoring.
The ACFE page also offers supporting tools that help teams apply the guide in practice.
How auditors use it: as the benchmark for assessing an anti-fraud program, and as the structure for a fraud risk assessment workshop.