This course is an in-depth review of the major processes that are performed in a financial fraud investigation, e.g.., planning, hypothesis generation, Internet-based and other types of research, link analysis, statistical and other forms of data analysis, and interviews and interrogations. It furnishes accounting and other professionals with an understanding of the tasks that a financial forensic accountant and others perform during a financial fraud investigation. The strengths and weaknesses of various investigative techniques are addressed. This course also provides external auditors with guidance as to when they should transition from being an auditor conducting a financial statement audit into an investigator conducting a financial fraud engagement when fraud is discovered during the financial statement audit. Auditing standards that address management’s and the external auditors’ responsibility concerning fraud are presented to delineate the difference between fraud considerations during an audit of financial statements with a financial fraud investigation.
Enhance the accounting professional’s knowledge of the activities performed in a financial fraud investigation so that he/she can: Understand the various phases of a financial fraud investigation; possibly provide oversight of the investigation; value the roles played by various parties in the investigation; know how best to react when fraud is suspected; appreciate why financial fraud investigations can be quite expensive and recognize red flags that might be indicative of financial fraud
Practicing CPAs and accounting professionals in nonprofits, government, business, and industry who wish to enhance their financial fraud investigation skills
Experience in accounting and reporting