Forensic Accounting And Fraud Investigation

Workshop Overview

Corporate crime is an unlikable fact in today’s big business world. It has touched every country, every industry, and has no signs of stopping. Throughout the past 5 years, the number of reported cases of fraud and corruption has continued to grow radically. Compounding this are the challenges faced by the audit team and a general lack of the necessary skill sets to collect the right audit evidence so critical to criminal investigations.

While the regulatory measures and internal controls in reporting requirements help to lessen the potential for falsified activities to take place, history has shown that ingenious employees can and have manipulated even the best control systems for personal gain.

Virtually every entity suffers from fraud, though management might not know it. With fraud costing entities an estimated 5% of their annual revenues, organizations lacking proactive fraud prevention measures are the most at risk.

Occupational fraud is a significant threat to any organisation. Those organisations which employ fewer antifraud controls are more vulnerable to fraud Forensic auditing provides an investigation methodology and accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution. This course concentrates on practical advice for internal auditors in the fight against fraud, with focus sessions on deterrence, data

mining and interviewing in a stressed environment. It provides an incisive analysis of how fraud occurs within an organisation and explains the latest techniques for fighting it.

Key benefits of attending this workshop

Upon completion of this course, delegates should be able to:

  • CONDUCT Anti-Fraud and Anti-Bribery Audits
  • DETECT White Collar Crimes within an Organization
  • OBTAIN Skills for Forensic Investigations
  • SUCCESSFULLY PROSECUTE Economic Crimes, in particular Fraud
  • UNDERSTAND the Integration of Accounting, Auditing and Investigative Skills
  • GAIN the Expertise to Conduct Investigations and Ensure Recovery
  • LEARN How to Make your Organization Resistant to all Forms of Unethical Businesses
  • SECURE, ANALYZE and PRESENT the Evidence
  • FIND Elusive Misconducts that Others Miss

Who Should Attend?

This course has been specifically designed for:

  • Chief Internal Auditor
  • Head of Department for Auditing
  • Forensic Auditor
  • Investigation Auditor
  • Financial Auditor
  • IT Auditor
  • Internal Audit Manager
  • Internal Audit Executive
  • Internal Audit and Compliance
  • Project Audit Manager

It is also ideal for Middle and Senior Managers who have ownership of the responsibility of overseeing the audit process as it relates to the detection and prevention of economic crime.

Why You Should Attend?

Many CFOs and other corporate finance executives view forensic accounting as a branch of accounting that is rarely used unless a serious crime has been committed. Cases for CSI — Accounting. Advances in forensic technology have broadened the scope of forensic accounting, particularly in fraud prevention, so that you should be aware of the numerous applications available to your organization.

A basic use of forensic accounting skills can enable an organization to take the proper fi rst steps in the event of a suspected fraud. You should also have a clear idea regarding the appropriate time to engage a forensic accounting specialist to preserve evidence for law enforcement.

The forensic accountant and his team of assistants would provide the much needed experienced resources, thereby freeing the organization’s staff for other more immediate management demands. This is all the more critical when the nature of the fraud calls for management to move quickly to contain the problem

and when resources cannot be mobilized in time.