Investigative Accounting And Forensic Auditing

The accounting scandals involving Enron, WorldCom, Global Crossing, and other Organizations have put the Accountancy and the Auditing Profession in the public spotlight. After these scandals, public confidence in the Accounting & Auditing Profession has seriously been dented.

Even though, there are several Laws and Regulations, Accounting Standards as well as Internal Control Systems that are aimed at reducing the potential for falsification of financial documents, fictitious financial transactions and fraudulent financial reporting. Nonetheless, it has always been established that ingenious individuals can and have manipulated even the best Internal Control Systems for their personal gain. There have also been series of fraud and corrupt practices that have been committed under the watchful eyes of the Internal and External Auditors.

The extent of scandalous, outrageous and shocking revelations of fraud and misappropriations in most Organizations points to the need to enhance the overall capacity of today’s Accountants, Auditors, Finance Professionals and those charged with the responsibility to safeguard resources to effectively tackle the problem of fraud and misappropriation or embezzlement in Organizations.

Course Objectives

This course has been carefully designed to provide the participants with specialize skills and expertise required to prevent, detect and investigate these commercial crimes, and to ensure that effective corrective measures are implemented.

It also provides specific skills set that integrates accounting, auditing and investigative skills to identify the warning signals or indicators of fraud, corruption and embezzlement. The course uses high profile and exciting blend of legal and numerical problem solving approach where the secrets are provided to beat the bad guys.

Course Contents

Overview of Forensic Accounting and Fraud Auditing
Psychology of Fraudsters
Corporate Governance and the Role of Professional Ethics
Fictitious Financial Transactions and Fraudulent Reporting
Fraud Prevention and Detection Strategies
The Investigative Fraud Processes • Techniques for Investigating and Reporting of Fraud

Course Outcome

At the end of this course, participants will be able:

To integrate accounting, auditing and investigative skills in the performance of their tasks
To demonstrate the skill sets required to identify, detect and investigating fraud risks
To gain the expertise to conduct investigations and ensure recovery of lost resources
To identify fraud schemes and fictitious financial transactions as well as fraudulent reporting
To compare and contrast various fraud schemes to devise the appropriate internal control strategy
To apply evidence-gathering techniques used to detect all forms of fraud& embezzlement
To develop strategic & workable internal controls that will limit or prevent these fraud schemes
To analyze data to identify high-risk transactions for further review and investigations
To evaluate financial and project risks for potential fraud and misappropriation