Training on Forensic Accounting in the Public and Private Sector

Course Overview

Welcome to the Forensic Accounting Course!  As financial fraud becomes more sophisticated and prevalent, the role of forensic accounting has never been more critical. This course provides a comprehensive understanding of how forensic accountants analyze, interpret, and present complex financial and business-related issues. Participants will learn how to assess whether wrongdoings have occurred in complex financial transactions. Given the increasing demand for forensic accountants due to heightened prosecution for financial fraud in both private and public sectors, this course is timely and essential.

Target Audience

This course is ideal for:

• Senior and middle-level managers
• Accountants and auditors
• Fraud investigators
• Anyone interested in practicing forensic accounting

Course Objectives

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

• Explain the core concepts and principles of forensic accounting
• Appreciate the true cost of financial fraud to organizations and society
• Describe the traits and behaviors of individuals who commit fraud
• Apply in-depth fraud detection techniques
• Conduct intelligence gathering, case planning, and initiate cases effectively
• Gather evidence that supports or refutes cases
• Plan and conduct effective interviews
• Assess risk factors and implement best practices in risk prevention
• Identify different types of cyber-data and crime
• Establish and lead a forensic team

Course Outline

Overview of Forensic Accounting

• Understanding the role of forensic accounting
• Assessing the cost of crime to public organizations

The Fraudster

• Exploring the psychology and traits of fraudsters
• Understanding motivations behind fraud

Fraud Detection Techniques

• Advanced techniques for detecting fraud
• The investigative process and its importance

Evidence Gathering

• Methods for gathering financial and non-financial evidence
• Techniques for evaluating evidence

Fraud Risk Assessment

• Assessing risk factors in organizations
• Best practices in fraud prevention

Computer Crimes

• Identifying and understanding cyber-data and crimes
• Techniques for combating computer-related fraud

Building a Forensic Team

• Establishing a team dedicated to forensic accounting
• Collaborating with other departments for effective fraud prevention