Fraud and Forensic Auditing

At the end of this training seminar, you will learn to:

•              Identify the signs of possible fraud within the workplace

•              Select the appropriate audit procedures to be followed in conducting a fraud audit

•              Select and explaining the areas of risk and exposure to fraud in a company situation

•              Describe the various remedies available to those who suffer a loss through fraud

Self-Awareness and Identification

•               Understanding the Nature of Fraud
•               Reflecting on Why People Commit Fraud
•               Studying the Fraud Triangle
•               Reviewing the Financial and Personal Vices often leading to Fraudulent Behavior
•               Profiling a Fraudster

Beginning to Identify & Detect

•               Understanding Fraud Measures in Your Organizations
•               Discussing the Ways in which companies Fight Fraud Today
•               Considering the Gaps in Internal Control Structure
•               Identifying Preventive Fraud Controls
•               Identifying Detective Fraud Controls
•               Reviewing Case Studies – the good, the bad and the ugly

Reporting & Investigating

•               Recognizing the Symptoms of Fraud
•               Appreciating Whistle-blowing within Organizations
•               Following up to Fraud Reports by Whistle-blowers
•               Investigating the Purported Fraud
•               Using Data-driven Fraud Analysis Techniques (Introduction)

Data-Driven Analysis

•               Using Data-driven Fraud Analysis Techniques
•               Using Data-mining Software and Procedures
•               Grinding through the Data and Discovering the Gold Nuggets
•               Investigating Theft Acts
•               Investigating and Determining of Concealment has Taken Place

Interview & the Specifics of Financial Statement Issues

•               Inquiring Methods and Fraud Reports
•               Interviewing Techniques & Tricks
•               Understanding Financial Statement Fraud
•               Understanding Revenue / Inventory-related Fraud
•               Understanding Other Types of Fraud
•               Understanding Consumer Fraud

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.