Fraud Risk Framework Explained

Fraud Risk Framework Explained

Fraud Risk Framework Explained: A Fraud Risk Framework is a structured approach designed to help organizations detect, prevent, and respond to fraudulent activities. It typically includes the identification of potential fraud risks, the development of preventative measures, continuous monitoring, and the establishment of protocols for handling fraud when it occurs. This framework often includes a combination of policies, technologies, and employee training to protect the organization from financial losses and reputational damage associated with fraud.