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Forensic Accounting for Fraud

Forensic Accounting for Fraud

Welcome to a transformative experience designed for those who are passionate about making a difference in the world of finance and accounting. Our "Forensic Accounting for Fraud" event is a meticulously crafted journey, offered by CCS, that aims to immerse you in the vital role forensic accounting plays within the internal auditor function and in investigating criminal accounting issues. This forensic accounting seminar is not just an educational opportunity; it's a doorway to becoming a pivotal figure in identifying and mitigating fraud risks.


Event Overview:


As we navigate through this seminar together, you'll be introduced to the intricate dance between internal control principles and fraud management. This CPE event is structured to enhance your understanding and equip you with a forensic accounting skill set that is both broad and deep. We'll delve into fraud classification, financial statement forensic accounting analysis, and the reporting of the results. Moreover, the seminar will guide you through the innovative world of software tools designed for examining "Big Data" and "Metadata," ensuring you're at the forefront of technology in forensic accounting projects.


Why Attend?


Our goal is to empower you. By the end of this seminar, you'll not only understand the indispensable role of forensic accounting in combating fraud but also be capable of identifying fraud risks with precision. We'll explore best practices in fraud prevention and detection programs, offering you insights that are immediately applicable in your professional life. This seminar is about transforming knowledge into action, theory into practice.


Who Should Attend?


This seminar is designed for auditors, accountants, and finance professionals who are eager to deepen their expertise in forensic accounting and fraud detection. Whether you're looking to enhance your current role or pivot your career towards forensic accounting, this event will provide you with a foundation built on knowledge, skills, and real-world applications.


Learning Objectives:


By participating in this seminar, you will embark on a journey to:

  • Grasp the essential role of forensic accounting within the internal auditor function.
  • Identify and assess fraud risks with confidence.
  • Review and apply best practices in forensic accounting.
  • Explore cutting-edge software tools for forensic analysis.


Join Us:


CCS is proud to be registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education. We are committed to delivering high-quality educational experiences that have a meaningful impact on your professional journey.


Dive into the world of forensic accounting for fraud with us, and transform your potential into power. For more information, registration details, and to embark on this enlightening journey, please visit our website. Together, let's build a future where integrity and transparency reign supreme in the world of finance and accounting.

  • Details on Event Presentation

    Offered every six weeks on Thursdays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.

    We can schedule private events on your timetable for two or more attendees.

    NASBA Program Disclosures

    Program Level of Understanding: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Format: Group Internet Based
    NASBA Field(s) of Study: Auditing

    CPE Credits: 2, based on 50 minutes of instruction per hour

  • CPE Event Highlights

    The seminar reviews and answers the following questions:

    • Internal Control Principles and Fraud Management

    • Forensic Accounting Skill Set

    • Understanding the people that commit fraud

    • Overview of fraud classification

    • Financial Statement Fraud Analysis

    • "Best Practice" Anti-Fraud Controls

    • Using Software Tools to examine "Big Data"

    • Using Software Tools to examine "Metadata"

  • Learning Objectives

    Attendees will:

    • Understand how forensic accounting is part of the internal auditor function.

    • Learn how to identify fraud risks

    • Review best practices in fraud prevention and detection programs

    • See what software tools are available for the forensic project.

  • Key Issues on the Agenda

    Section 1 - Internal Control Frameworks for Fighting Fraud

    • What is Corporate Fraud?

    • What is Forensic Accounting?

    • Forensic Accounting Skill Set

    • Forensic examination services

    • COSO "Fraud Risk Management" Model

    • External Auditor's Responsibilities

    Section 2 - The Fraud Perpetrators

    • Things that do not prevent fraud.

    • "Violators of Trust"

    • "The Fraud Triangle"

    • Who are the "Fraud Perpetrators"?

    • Where is the "Fraud"?

    • Behavioral Red Flags

    • Fraud Discovery

    Section 3 - Fraud Classification

    • Asset Misappropriation

    • Corruption

    • Financial Statement Fraud

    Section 4 - Financial Statement Fraud Schemes

    • Top Reasons to cook the Books!

    • Methods for testing for fraud

    • Examples of how financial fraud is committed

    • Forensic tests of financial transactions

    Section 5 - Preventing and Detecting Financial Statement Fraud

    • Prevention

    • Detection

    • Forensic Techniques

    • Forensics: Financial Ratio Analysis

    • Forensics: "Monday Tracing"

    • Benford's Law of Numbers

    • How to think like Mark Nigrini, PhD, MBA

    • Computer Forensics

    Section 6 - "Best Practice" Anti-Fraud Controls

    • How are frauds concealed?

    • Having a process to report fraud and other activities

    • Fraud Policy

    • Corporate Code of Conduct

    • Segregate Incompatible Duties

    • Internal Audits

    • Confirmations

    • Physical Security

    • Human Resources Policies

    • Vendor Management

    • "Tone at the Top"

    • Information Security

    • Controls over Money Laundering (AML)

    Section 7 - Software Tools and Techniques for Fighting Fraud

    • Fraud Examination Software

    • Forensic, Data Extraction and Analysis Tools

    • Case Management Software

    Section 8 - Creating a Fraud Risk Assessment

    • The Heat Map - 80% - 15% - 5% Rule

    • Where in the organization's functions will the fraud occur?

    Section 9 - Forensic Examinations

    • Electronic Data Recovery (EDR) Model

    • Metadata Extraction

    • Metadata Extraction Tools for PDF files

    • Metadata Extraction Tools for Image files

    • Metadata Extraction Tools for general files

    • History and Custody of Documents and Files

    • Document Examination

    • Social Media Research

    • T&E Forensic Analysis Example

    Section 10 - Summary and Wrap-up

  • Summary of the Subject Matter

    In this CPE event "Forensic Accounting for Fraud," attendees will immerse themselves in an insightful exploration of the critical role of forensic accounting in uncovering and combating fraudulent activities.

    This event provided by CCS emphasizes the significance of forensic accounting techniques in detecting, investigating, and preventing financial fraud within organizations. Participants can anticipate a comprehensive session delving into real-world case studies, practical methodologies, and emerging trends in forensic accounting, empowering them to navigate the complex landscape of fraud with precision and expertise.

  • Authoritative Sources

    Expanding your knowledge after the CPE event on Forensic Accounting for Fraud is essential for staying informed about industry best practices and gaining deeper insights into the subject matter. Here are some authoritative sources along with web links to further enhance your understanding:

    • Association of Certified Fraud Examiners (ACFE)
      • The ACFE offers valuable resources and insights related to forensic accounting, fraud examination, and anti-fraud practices, providing a comprehensive understanding of fraud detection and prevention techniques.
    • Journal of Forensic Accounting Research
      • Accessing the Journal of Forensic Accounting Research can provide in-depth scholarly articles, research findings, and case studies in the field of forensic accounting, offering a wealth of knowledge for professionals seeking to deepen their expertise.
    • The Institute of Internal Auditors (IIA)
      • The IIA offers training courses, resources, and publications focusing on fraud and forensic auditing, equipping attendees with practical skills and knowledge to effectively address fraud-related challenges.

    By delving into these authoritative sources, you can continue to build upon the insights gained from the CPE event, fostering a deeper understanding of forensic accounting for fraud and empowering yourself with the latest industry knowledge and best practices. Our goal is to help you do a better job at criminal accoutning investigations and in handling fraud investigations.

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