Instructor for this course

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When the Committee of Sponsoring Organizations (COSO) 2013 Internal Control - Integrated Framework was released, a specific principle was outlined related to fraud. Principle Eight under the risk assessment component indicates:

The organization considers the potential for fraud in assessing risks to the achievement of objectives.

This principle is directly focused on “the organization” and not just the auditors. This principle is an extension of Principle Seven.   Principle Seven assumes identification of risks to achievement of objectives in context of stakeholders acting ethically and within standards of conduct.  Principle Eight requires identification of opportunities, pressures, incentives, and rationalizations that may lead to actions outside the bounds of such ethical conduct and standards of behavior.

This course delves further into the expectations of COSO Principle Eight.  We discuss and evaluate the COSO anti-fraud guide released in September 2016 and evaluate how the Fraud principles relate to the COSO 2013 principles.  We also examine actions that organizations, management, and employees should be aware of in relationship to fraud.

Citations of information on the COSO framework, principles and points of focus mentioned through this course are directly worded from the COSO literature and relayed here with the permission of as a training mechanism related to their framework. The full document of the Framework can be found at

Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.

Learning Objectives

  • Explore the risk related to fraud.
  • Discover results of recent research studies.
  • Explore the fraud reality.
  • Recognize the link between the Committee of Sponsoring Organizations (COSO) and fraud guidance.
  • Recognize how to address Principle Eight.
  • Explore steps to execute Principle Eight.
  • Explore the need for a fraud risk assessment.
Last updated/reviewed: May 19, 2022

Included In Certifications

This course is included in the following Certification Programs:

11 CoursesBusiness Fraud Identification and Prevention Certification

  1. Introduction to Forensic Accounting
  2. The Fraud Triangle
  3. Fraud: Focus on Corruption
  4. Fraud: Focus on Fraudulent Disbursements
  5. Fraud: Focus on Cash And Assets
  6. Fraud: Focus on Inventory
  7. Fraud: Focus on Financial Statement Fraud – Part One
  8. Fraud: Focus on Financial Statement Fraud – Part Two
  9. Fraud and COSO 2013
  10. Top Fraud Schemes
  11. Fraud Risk Assessments

8 Reviews (40 ratings)Reviews

Member's Profile
The course should be better structured. The part where Fraud RM principles are compared to COSO 2013, is OK. Other parts of the course should follow this logic and not focus on Fraud Risk assessment only.
Anonymous Author
A good pre-courser to fraud and how it relates to COSO. The presenter explained in detail the importance of having a appropriate fraud risk management.
Anonymous Author
This course, while informative, was often a bit repetitive. The objectives were met, and the course moved at an appropriate pace.
Member's Profile
It is very useful to understand Fraud and COSO 2013. The basic element is essential to prevent from Fraud in an organization.
Anonymous Author
Thank you for another great course that introduced the connection of COSO 2013 and fraud.
Member's Profile
Great refresher on the connection and relevance of the COSO 2013 framework to Fraud.
Anonymous Author
This course was very helpful in understanding fraud and COSO!
Anonymous Author
Good Inputs on coso 2013 and the components.very informative


Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  8:14Introduction to Fraud and COSO 2013
Fraud and COSO 2013
  5:59The Risk of Fraud
  9:56Reseach Study
  13:41Coso's Link to Fraud Guidance
  9:29Coso's Link to Fraud Guidance Continued
  15:23Understanding and Addressing Principle Eight
  7:58Steps to Execute Principle Eight
  8:37Fraud Risk Assessment
  1:22:04Fraud and COSO 2013
  PDFSlides: Fraud and COSO 2013
  PDFFraud and COSO 2013 Glossary/Index