• An Understanding of Forensic Accounting
• Coverage of Forensic Accounting
• Steps that the forensic accountant takes
• Goals of Forensic Audit
o Motive and opportunity to commit fraud
o Whether the fraud involved collusion between several suspects
o Any physical evidence at the scene of the crime or contained in documents
o Comments made by the suspect during interviews and/or at the time of arrest
o Attempts to destroy evidence
• Categories of Forensic Auditing
o Asset misappropriation
o Financial statement fraud
o Business valuation
o Securities fraud
o Tax fraud
o Money laundering.
• Investigation Methodologies
o identifying the type of fraud that has been operating, how long it has been operating for, and how the fraud has been concealed
o identifying the fraudster(s) involved
o quantifying the financial loss suffered by the client
o gathering evidence to be used in court proceedings
o providing advice to prevent the reoccurrence of the fraud
• Gathering relevant evidence
o the planning stage
o the review process
o data management
• Auditing Techniques
o Testing controls to gather evidence which identifies the weaknesses, which allowed the fraud to be perpetrated
o Using analytical procedures to compare trends over time or to provide comparatives between different segments of the business
o Applying computer assisted audit techniques, for example to identify the timing and location of relevant details being altered in the computer system
o Discussions and interviews with employees
o Substantive techniques such as reconciliations, cash counts and reviews of documentation
o Data analysis techniques for fraud detection.
• Legal Issues
o Evidence gathering and investigative interviewing techniques
o Relevant legal framework for forensic audit
o Litigation processes and procedures
o Essential levels of credibility and professionalism.
• Producing the Investigation Report
o Answers to the how, where, what, why and who
o Place of auditor’s opinions.
Registration: 8.30 – 9.00 a.m.
Class Session: 9.00 a.m. – 4.00 p.m.