Association of Certified Fraud Examiners

COSO and the ACFE Publish Fraud Risk Management Guide

In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control—Integrated Framework, a framework recognized worldwide for designing, implementing and conducting internal control. COSO revised this original framework in 2013 to include 17 additional principles to assist in creating an effective internal control system. One of these principles, Principle 8, specifically addresses the importance of organizations considering "the potential for fraud in assessing risks to the achievement of objectives."

To provide best-practices guidance for organizations to follow when implementing this principle, COSO partnered with the Association of Certified Fraud Examiners (ACFE) in 2016 to create the Fraud Risk Management Guide. The joint report, along with the tools and resources on this site, is designed to aid organizations in effectively establishing an overall fraud risk management program. Purchase the guide now.

About COSO


Originally formed in 1985, COSO is a joint initiative of five private-sector organizations and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management, internal control and fraud deterrence. COSO’s supporting organizations are the Institute of Internal Auditors, the American Accounting Association, the American Institute of Certified Public Accountants, Financial Executives International and the Institute of Management Accountants.

Learn more about COSO.

Fraud Risk Tools