Explore fraud in the UK and how to assess the risk to your organisation

This course will provide you with the opportunity to understand and explain the requirements for undertaking Fraud Risk Assessments (FRAs) in order to meet the Foundation level of the Government Counter Fraud Profession FRA Standards.

You will also have the chance to learn about types of economic crime and the importance of tackling fraud, as well as the opportunity to gain an overview of the legislative framework, the fraud landscape in the UK, the Fraud Risk Management Cycle and the concept of Fraud Risk Assessment.

What topics will you cover?

The fraud landscape in the UK
Defining fraud, corruption and other economic crime
Theories of why people commit fraud
How fraud is committed and how counter fraud activity can reduce its impact
Fraud risk management and planning
Fraud risk appetite vs fraud risk tolerance
Defining fraud risks
Defining fraud control typologies
Defining residual risk
Defining fraud risk scoring
High level FRAs
Intermediate level FRAs
Detail level FRAs
Conducting a Fraud Risk Assessment
Fraud risk management options
Communication and facilitation skills

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

Describe fraud, corruption and other economic crime
Explain how fraud is committed and how counter fraud activity can reduce its impact
Identify the steps to be taken in a fraud risk management planning exercise
Explain the three levels of FRA – and how to apply each
Describe the importance of correct terminology when conducting and communicating fraud risk assessments
Perform a scenario-based fraud risk assessment to an appropriate standard
Explain how to communicate, engage and facilitate as a Fraud Risk Assessor and Fraud Risk Facilitator

Who is the course for?

This course is designed for delegates from a variety of backgrounds – including current counter fraud professionals, individuals from central or local UK government bodies and law enforcement agencies that may conduct Fraud Risk Assessments or work in a counter fraud environment.  

Who will you learn with?

Stephen Selley

A Counter Fraud Professional specialising in Fraud Risk Assessment and Fraud Loss Measurement, co-authoring the GCFP Standard for both disciplines. My Civil Service career is now almost 40 years.

Sarah Wright

Who developed the course?

Coventry University

Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.

Established
1992
Location
Coventry

Government Counter Fraud Profession

The Government Counter Fraud Profession unites the highly skilled people working to protect services and fight economic crime across the UK public sector, providing a common set of standards and investing in development of vital knowledge and skills.

What's included?

Coventry University are offering everyone who joins this course a free digital upgrade, so that you can experience the full benefits of studying online for free. This means that you get:

Unlimited access to this course

Includes any articles, videos, peer reviews and quizzes

A PDF Certificate of Achievement to prove your success when you’re eligible

Learning on FutureLearn

Your learning, your rules

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Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

Experience the power of social learning, and get inspired by an international network of learners
Share ideas with your peers and course educators on every step of the course
Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

As you work through the course, use notifications and the Progress page to guide your learning
Whenever you’re ready, mark each step as complete, you’re in control
Complete 90% of course steps and all of the assessments to earn your certificate

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