Forensic Accounting for Fraud
Elevate your expertise with the Forensic Accounting for Fraud Training Event, a must-attend opportunity for auditors, accountants, and finance professionals driven to protect organizations from financial fraud. This engaging course equips you with advanced forensic accounting techniques to uncover fraudulent activity and ensure compliance with internal controls. Earn 2 NASBA-Approved CPE credits while gaining valuable knowledge to advance your professional development.
Why Attend?
1. Strengthen Your Fraud Detection Skills - Learn how to identify and assess fraud risks using proven forensic techniques and best practices.
2. Master Forensic Accounting Methodologies - Understand how forensic accounting integrates with internal controls to fight financial crimes and enhance fraud prevention initiatives.
3. Explore Cutting-Edge Software Tools - Gain insights into tools designed for analyzing Big Data and Metadata to investigate and document suspicious activities.
4. Earn 2 CPE Credits - Boost your professional standing while mastering the skills necessary to become a leader in fraud detection and prevention.
What You’ll Learn
This tailored training takes a deep dive into the essential skills and strategies forensic accountants need to combat fraud effectively.
Course Highlights:
1. Foundations of Forensic Accounting
- Understand how forensic accounting complements the internal auditor’s role.
- Explore the COSO Fraud Risk Management Framework to build a robust anti-fraud strategy.
2. Identifying and Analyzing Fraud
- Learn how to classify fraud schemes, including corruption, asset misappropriation, and financial statement fraud.
- Discover behavioral red flags and redemptive techniques for fraud detection.
3. Advanced Detection Techniques
- Conduct financial ratio analysis using forensic methodologies.
- Apply tools like Benford's Law to find anomalies in financial data.
4. Leveraging Technology
- Use specialized forensic accounting tools for data recovery, analysis, and fraud detection.
- Examine real-world case studies on how to extract metadata from documents and files to trace fraud.
Practical Tools and Techniques:
This course provides you with actionable resources that you can implement immediately:
- Fraud risk assessment templates
- Software recommendations for data analysis
- Real-life case studies to connect theory with practice
Key Topics Covered:
- Fraud in financial statements and common ways it’s concealed
- Anti-fraud internal controls, including segregation of duties
- Methods for documenting fraud investigations, including digital trails and evidence preservation
- Preventative measures like "Tone at the Top" and corporate fraud policies
Benefits of Attending
- Improved Fraud Risk Management: Gain confidence in combating fraud using evidence-based forensic techniques.
- Career Advancement: Develop cutting-edge skills that highlight your expertise in fraud detection and forensic accounting.
- CPE Credit Benefits: Earn 2 CPE credits in Auditing, meeting professional certification requirements.
- Practical Tools: Access advanced software tools and take home real-world solutions for immediate application.
Event Details
- Schedule: Offered every eight weeks on Fridays from 10 a.m. to 12 p.m. CST.
- Format: Online, interactive sessions (Group Internet-Based).
- Duration: 2 hours.
- CPE Credits: 2 NASBA-Approved CPE credits.
- Cost: $140.
- Private Training Available: Personalize sessions for two or more attendees with flexible scheduling.
Who Should Attend?
This training is ideal for professionals committed to protecting organizations from financial crime, including:
- Auditors: Strengthen your forensic skillset to detect suspicious activities effectively.
- Accountants: Gain advanced fraud prevention techniques to enhance your organization’s compliance.
- Finance Professionals: Sharpen your ability to identify risks and stop fraud before it impacts financial statements.
The Importance of Forensic Accounting in Fighting Fraud
Forensic accounting is a powerful tool in mitigating the financial and reputational damage caused by fraud. Mastering these techniques allows you to:
- Expose Fraud Schemes: Detect irregularities in financial transactions and reporting.
- Support Investigations: Produce actionable evidence to help prosecute fraudsters.
- Uphold Integrity: Develop organizational policies and controls that reinforce ethical conduct.
Register Now
Take this opportunity to become a driving force in the fight against financial crime. With a comprehensive overview of forensic accounting techniques, advanced tools for fraud detection, and actionable insights, this training will set you apart as a trusted advisor in fraud prevention.
Register today to master forensic accounting skills, protect your organization, and earn 2 CPE credits to advance your career!
Details on Event Presentation
Offered every eight weeks on Fridays 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: AuditingCPE Credits: 2, based on 50 minutes of instruction per hour
CPE Event Highlights
The seminar reviews and answers the following questions:
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Internal Control Principles and Fraud Management
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Forensic Accounting Skill Set
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Understanding the people that commit fraud
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Overview of fraud classification
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Financial Statement Fraud Analysis
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"Best Practice" Anti-Fraud Controls
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Using Software Tools to examine "Big Data"
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Using Software Tools to examine "Metadata"
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Learning Objectives
Attendees will:
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Understand how forensic accounting is part of the internal auditor function.
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Learn how to identify fraud risks
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Review best practices in fraud prevention and detection programs
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See what software tools are available for the forensic project.
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Key Issues on the Agenda
Introduction
Section 1 - Internal Control Frameworks for Fighting Fraud-
What is Corporate Fraud?
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What is Forensic Accounting?
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Forensic Accounting Skill Set
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Forensic examination services
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COSO "Fraud Risk Management" Model
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External Auditor's Responsibilities
Section 2 - The Fraud Perpetrators
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Things that do not prevent fraud.
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"Violators of Trust"
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"The Fraud Triangle"
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Who are the "Fraud Perpetrators"?
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Where is the "Fraud"?
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Behavioral Red Flags
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Fraud Discovery
Section 3 - Fraud Classification
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Asset Misappropriation
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Corruption
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Financial Statement Fraud
Section 4 - Financial Statement Fraud Schemes
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Top Reasons to cook the Books!
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Methods for testing for fraud
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Examples of how financial fraud is committed
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Forensic tests of financial transactions
Section 5 - Preventing and Detecting Financial Statement Fraud
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Prevention
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Detection
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Forensic Techniques
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Forensics: Financial Ratio Analysis
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Forensics: "Monday Tracing"
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Benford's Law of Numbers
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How to think like Mark Nigrini, PhD, MBA
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Computer Forensics
Section 6 - "Best Practice" Anti-Fraud Controls
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How are frauds concealed?
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Having a process to report fraud and other activities
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Fraud Policy
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Corporate Code of Conduct
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Segregate Incompatible Duties
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Internal Audits
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Confirmations
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Physical Security
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Human Resources Policies
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Vendor Management
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"Tone at the Top"
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Information Security
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Controls over Money Laundering (AML)
Section 7 - Software Tools and Techniques for Fighting Fraud
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Fraud Examination Software
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Forensic, Data Extraction and Analysis Tools
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Case Management Software
Section 8 - Creating a Fraud Risk Assessment
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The Heat Map - 80% - 15% - 5% Rule
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Where in the organization's functions will the fraud occur?
Section 9 - Forensic Examinations
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Electronic Data Recovery (EDR) Model
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Metadata Extraction
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Metadata Extraction Tools for PDF files
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Metadata Extraction Tools for Image files
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Metadata Extraction Tools for general files
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History and Custody of Documents and Files
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Document Examination
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Social Media Research
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T&E Forensic Analysis Example
Section 10 - Summary and Wrap-up
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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.
- Association of Certified Fraud Examiners (ACFE)