PROGRAM DETAILS

Introduction 

The Forensic Accounting & Auditing Professional training program is designed to provide participants with a comprehensive understanding of the principles and practices of forensic accounting and auditing. The program will cover topics such as fraud investigation techniques, financial statement analysis, and audit procedures for detecting fraud. Through a combination of lectures, case studies, and interactive activities, participants will develop the skills and knowledge needed to become effective forensic accounting and auditing professionals.

Learning Objectives:

• Understand the principles and practices of forensic accounting and auditing
• Learn how to detect and investigate financial fraud
• Develop skills for financial statement analysis and auditing
• Learn how to design and implement effective internal controls to prevent fraud
• Gain knowledge of the legal and regulatory environment for forensic accounting and auditing

Training Methodology:

The training program will be conducted through a combination of lectures, case studies, and interactive activities. Participants will engage in group discussions, brainstorming sessions, and problem-solving exercises. Real-life case studies will be used to illustrate key concepts and principles, and participants will be encouraged to share their own experiences and insights.

Target Audience:

This training program is designed for professionals who are involved in forensic accounting and auditing. It is suitable for internal auditors, external auditors, forensic accountants, fraud investigators, compliance officers, risk managers, and other professionals who are responsible for investigating financial fraud and ensuring compliance with legal and regulatory requirements.

Program Content:

 Day 1: Introduction to Forensic Accounting & Auditing

•  Overview of the program objectives and agenda
• Introduction to forensic accounting and auditing
• Legal and regulatory environment for forensic accounting and auditing
• Key principles of financial fraud investigation
• Case study: The Enron scandal and the importance of forensic accounting and auditing

Day 2: Financial Statement Analysis

• Overview of financial statements and their components
• Techniques for analyzing financial statements
• Identifying red flags and warning signs of financial fraud
• Case study: Analyzing financial statements of a company suspected of fraud

Day 3: Fraud Investigation Techniques

• Understanding the fraud investigation process
• Techniques for gathering evidence and conducting interviews
• Data analysis and forensic technology tools
• Case study: Conducting a fraud investigation in a small business

Day 4: Auditing for Fraud Prevention and Detection

• Principles of auditing for fraud prevention and detection
• Risk-based audit planning and audit procedures
• Audit sampling techniques
• Case study: Auditing for fraud prevention and detection in a large corporation

Day 5: Internal Controls and Compliance

• Designing and implementing effective internal control systems
• Evaluating the effectiveness of internal control systems
• Compliance with legal and regulatory requirements
• Case study: Designing and implementing internal controls for a small business