This guide, published by Grant Thornton takes as its starting point that organisation need to be more proactive in identifying and combating fraud that may affect them.  It is intended to provide practical guidance for organisations looking to begin, advance, or benchmark their fraud risk management (FRM) programmes against industry best practices. It seeks to clarify and operationalise the concepts put forward in that guidance. As such, this playbook includes key questions, checklists, and insights that will enhance your FRM programme and ultimately facilitate proactive FRM at an organisation. It follows, and refers to the Fraud Risk Management Guide published in 2016 by the Association of Certified Fraud Examiners and the Committee of Sponsoring Organizations of the Treadway Commission. The “playbook” includes 10 “plays”, which are organised into 5 phases based on the 5 key FRM principles in the 2016 Guide –

  • Fraud Risk Governance;
  • Fraud Risk Assessment;
  • Fraud Control Activities;
  • Fraud Investigation and Corrective Action; and
  • Fraud Risk Management Monitoring Activities.

It also includes additional information, templates, and tools that you can use to implement the 10 plays.

See also the slightly similar “Anti-Fraud Playbook”, produced in 2018 by the US Chief financial Officers Council –




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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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