Fraud Risk Management Framework

Fraud Risk Management Framework

Fraud Risk Management Framework: A fraud risk management framework involves a set of policies, practices, and tools designed to identify, assess, prevent, and mitigate fraud risks within an organization. It typically includes measures such as fraud detection systems, internal controls, fraud training for employees, and a process for investigating fraud incidents. By implementing this framework, businesses can proactively manage fraud risks and reduce potential financial and reputational damage.