COURSE OVERVIEW
Fraud has the capacity to bring any business to down its knees by bringing about massive monetary losses, expensive lawsuits, imprisonment of employees and deterioration of confidence in the market. While technological advancement has accelerated the evolution of the business environment, it has also increased the risk in white-collar crime especially fraud.
White-collar crimes are nonviolent crimes motivated by monetary gain and include embezzlement, fraud and money laundering among many others. Fraudsters frequently disguise frauds behind legitimate transactions making it difficult for businesses to prove, detect and prevent it. However, through effective procedures and processes, routine inspections, and frequent upgrades to the training of business owners and staff, they can effectively deter fraud and counter its consequences.
The Forensic Accounting and Auditing webinar is designed to equip participants with an overview of the tools and techniques needed to prevent, detect, and investigate financial crimes, including fraud, embezzlement, and money laundering.
LEARNING OBJECTIVES
By the end of the course, participants will be able to:
- Understand the principles and concepts of forensic accounting and auditing.
- Identify and analyze financial irregularities and fraud indicators.
- Apply forensic accounting techniques to uncover fraudulent activities.
- Enhance their capacity for conducting effective forensic investigations and evidence gathering.
- Gain an understanding of the relevant laws and regulations.
TRAINING METHEDOLOGY
This practical and results-oriented webinar is based on adult learning concept. It incorporates short inspiring lectures with captivating PowerPoint slides to enhance learning; ongoing discussions with action planning; and ample time for Q&A to reinforce key concepts within a fun learning environment.
TARGET AUDIENCE
The Forensic Accounting webinar is designed for:
- Auditors and internal control officers.
- Accounting and finance professionals.
- Compliance officers and risk managers.
- Forensic investigators and law enforcement personnel.
- Legal professionals involved in financial litigation.
COURSE CONTENTS
Day One
1. Overview of Forensic Accounting
- Fundamentals of forensic accounting practices
- Synopsis of white-collar crimes
- Types of corporate fraud
- Psychology of the fraudster profile
- Different theories of fraud
2. Fraud Examination and Investigation
- The essentials of fraud examinations
- Fraud risk assessment and prevention strategies
- Investigation techniques and methodologies
- Gathering and preserving evidence
- Whistle blowing
3. Money Laundering and Asset Tracing
- Money laundering techniques and typologies
- Tracing and recovering illicit assets
- Anti-money laundering regulations and compliance
Day Two
1. Forensic accounting techniques
- Overview of data-driven fraud analysis techniques
- Understanding the analysis of data based on Newcomb-Benford’s law
- Forensic data analytics
- Interviewing techniques and interrogation
- Forensic audit techniques
2. Computer Forensics and Digital Evidence
- Digital evidence collection and preservation
- Computer forensic tools and techniques
- Analyzing electronic evidence in forensic investigations
3. Applicable laws and regulations
- Legal framework and regulations related to forensic accounting
- Ethical standards and professional conduct in forensic investigations
- Roles and responsibilities of forensic experts