Forensic Auditing Competence Course

This forensic auditing competence training course will discuss the following:

Day One

• An Understanding of Forensic Accounting
• Coverage of Forensic Accounting
• Steps that the forensic accountant takes 
• Goals of Forensic Audit
  • Motive and opportunity to commit fraud
  • Whether the fraud involved collusion between several suspects
  • Any physical evidence at the scene of the crime or contained in documents
  • Comments made by the suspect during interviews and/or at the time of arrest
  • Attempts to destroy evidence
• Categories of Forensic Auditing
  • Corruption
  • Asset misappropriation
  • Financial statement fraud
  • Business valuation
  • Securities fraud
  • Tax fraud
  • Money laundering.

Day Two

• Investigation Methodologies
  • Identifying the type of fraud that has been operating, how long it has been operating for, and how the fraud has been concealed
  • Identifying the fraudster(s) involved
  • Quantifying the financial loss suffered by the client
  • Gathering evidence to be used in court proceedings
  • Providing advice to prevent the reoccurrence of the fraud
• Gathering relevant evidence
  • The planning stage
  • The review process
  • Data management 

Day Three

• Auditing Techniques
  • Testing controls to gather evidence which identifies the weaknesses, which allowed the fraud to be perpetrated
  • Using analytical procedures to compare trends over time or to provide comparatives between different segments of the business
  • Applying computer assisted audit techniques, for example to identify the timing and location of relevant details being altered in the computer system
  • Discussions and interviews with employees
  • Substantive techniques such as reconciliations, cash counts and reviews of documentation

Day Four

• Legal Issues
  • Evidence gathering and investigative interviewing techniques
  • Relevant legal framework for forensic audit
  • Litigation processes and procedures
  • Essential levels of credibility and professionalism.
• Producing the Investigation Report
  • Answers to the how, where, what, why and who
  • Place of auditor’s opinions.