Forensic Accounting And Fraud Control Training Workshop

INTRODUCTION

In this day and age, ensuring financial integrity is more crucial than ever. The high-profile scandals of companies like Enron and WorldCom underscore the need for robust forensic accounting and fraud control measures. This Forensic Accounting and Fraud Control Workshop is meticulously designed to equip professionals with the skills necessary to detect, investigate, and prevent fraud, thereby safeguarding their organization's revenue and maximizing profits. This comprehensive training offers practical knowledge in forensic accounting and fraud auditing, enabling participants to conduct thorough examinations and investigations. By leveraging advanced forensic methods, participants will learn how to uncover fraudulent activities, implement effective fraud control measures, and use cutting-edge tools to protect their organizations from financial threats. Register for this workshop and transform your approach to fraud prevention, ensuring a secure financial future for your organization.

COURSE OBJECTIVES

By the end of the course, participants will be able to:

• Clearly define the meaning of fraud and forensic accounting
• Deploy effective fraud control methods to reduce the risks of fraud within their organizations
• Utilize various tools to expose fraudulent transactions
• Use statistical and forensic accounting tools to analyze data, test it, and identify inconsistencies
• Utilize Microsoft Excel to detect suspicious information

DURATION

5 Days

WHO SHOULD ATTEND

This extensive short-term training course is ideal for:

• Public accountants and internal auditors
• Fraud examiners and forensic accountants
• Risk management professionals
• Regulatory compliance specialists
• Financial security officers
• Governmental accountants and attorneys
• Internal and external audit professionals
• Other accounting/auditing professionals and educators

COURSE CONTENT

Day 1: Introduction to Forensic Accounting and Fraud

• Introduction to fraud and the fraud triangle
• Background of fraud auditing and forensic accounting
• Fraud examination and the fraudster's profile
• Types of fraud and the fraud cycle
• Fraud schemes and controls

Day 2: Financial Statements and Corruption Schemes

• Assessing the risk of fraud and its factors
• Keys to effective fraud investigation
• Fraud detection and response
• Revenue recognition detection techniques
• Forensic analysis and data tests

Day 3: Forensic Analysis and Data Tests

• Importing, analyzing, and protecting data in Excel
• Reporting data in Word and PowerPoint
• Data profile, periodic graph, and histogram
• Utilizing Excel to prepare data profiles
• Utilizing Benford's Law
• Data sets that could be used
• Effect of data size
• Basic digit test, first and last two digits tests, one digit at a time
• Chi-square, mean absolute deviation, and logarithmic basis
• Second-order test and summation test
• Number duplication test in Excel

Day 4: Using Excel for Detecting Fraud and Data Inconsistencies

• Largest growth test and largest subsets test
• Relative size factor test, SSS test, and SS different test
• Subset number duplication
• Calculating correlations and time-series analysis

Day 5: Fraud Prevention

• Creating a preventive environment
• Enforcement of ethics and fraud policies

GENERAL NOTES

• This course is delivered by seasoned trainers with extensive professional experience in their respective fields.
• Training includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• A certificate is awarded upon successful course completion.
• Custom-tailored courses to meet specific organizational needs are available. Contact us at training@skillsforafrica.org for more information.
• The training will be conducted at the Skills for Africa Training Institute in Nairobi, Kenya.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfer can be arranged upon request.
• Payment should be made to our bank account before the training starts, and proof of payment sent to: training@skillsforafrica.org.