Course ID: 12959 | Course Duration: 3 Days | CEUs: NASBA Certified for 24 Hours

Forensic Accounting and Auditing Training Class

Course ID: 12959

Forensic Accounting and Auditing Training Seminar

Economic crime is an unpleasant fact. It has touched every country, every industry, and has no signs of stopping. During the past 5 years, the number of reported cases of fraud and corruption has continued to grow dramatically. Compounding this is the challenges faced by the criminal justice system and a general absence of the necessary skill sets to gather the proper audit evidence so vital to criminal investigations.

This course will provide accounting and auditing professionals with the tools, techniques and insight to evaluate the potential for fraud to exist within their current operating and financial reporting systems. While the Sarbanes-Oxley Section 404 internal control reporting requirements help to minimize the potential for fraudulent activities to occur, history has shown that ingenious employees can and have manipulated even the best control systems for personal gain.


	Agenda
	Program Agenda: Day One: The International Business Environment -The key issues which drove the frauds of the 21st Century -The Organizational Planning Framework -The Role of Effective Financial Reporting -The Role of Prudent Financial Investors The Expert Witness -Credentials -Profile of the Expert Witness -Distinguishing the Actual Area of Competence -The Expert's role in the Litigation Team -Pre-testimony Activities -Behavior and Appearance On The Witness Stand -Direct Testimony -Cross-Examination Overview of "Creative Accounting" Techniques and The Red-Flags of Fraud -Fraud Perpetrated through the Development of False Financial Statements -Fraud Perpetrated through Misuse of Corporate Resources -Fraud Perpetrated through Third-Party Intervention -Fraud Perpetrated through False Revenue Recognition -Fraud Perpetrated through the Use of Acquisitions -Fraud Perpetrated through Financial Instruments and Off Balance Sheet Structure -Fraud Perpetrated through Consolidation Activities -Fraud Perpetrated through Derivatives -Fraud Perpetrated for the Benefit of the Individual -Fraud Perpetrated for the Benefit of the Company -Fraud Perpetrated for the Benefit of a Third Party -Fraud Perpetrated for the Benefit of Key Shareholders -Fraud Perpetrated through Override of Existing Controls -Fraud Perpetrated through Absence of Proper Accounting Documentation Identifying the Red-Flags of Fraud -Tools and Techniques to Identify Fraudulent Activities -Fraud Perpetrated for the Benefit of the Individual -Fraud Perpetrated for the Benefit of the Company -Fraud Perpetrated for the Benefit of a Third Party -Fraud Perpetrated for the Benefit of Key Shareholders -Fraud Perpetrated through Override of Existing Controls -Fraud Perpetrated through Absence of Proper Accounting Documentation -The Seven Horsemen of Fraud -Key Ratios to Measure the Potential for Fraud to Occur -The Electronic Risk . Day Two Internal Accounting and Operational Controls and Fraud -Nature and Theory of Internal Control Structures -Internal Operational Controls -Internal Accounting Controls -Internal Controls and Fraud -Controls and the Deterrence of Fraud -Controls and the Detection of Fraud -Controls and the Investigation of Fraud -Controls and Compliance with The Foreign Corrupt Practices Act of 1977 -Controls and Compliance with Section 302 and 404 of The Sarbanes-Oxley Act of 2002 Developing the Litigation Support Team -The Characteristics of a Forensic Auditor -Essential Skills for a Forensic Auditor -Sources for Recruiting Forensic Auditors -Building the Audit Team -Forensic Accountants -Technical Professionals - I/T Experts -Technical Professionals - Other "Experts" Identifying and Securing Potential Forensic Evidence to Support Forensic Audit Objectives -Developing the Forensic Audit Objectives -Principles of Legal Evidence -The "Daubert Rule" -Evidence as an "Attorney Work Product" Strategies for Identifying Sources of Forensic Evidence -Hard Evidence Sources -Electronic Evidence Sources -Securing Potential Forensic Evidence to Prevent Loss, Corruption, and Contamination -Issues Relating to Electronic Data Sources - Securing Drives, Data, and Networks -Challenges Presented by The Internet, Corporate Intra-Nets, Networks, and E-Mail Developing Audit Tests to Quantify Loss and Exposure for Forensic Evidential Purposes -Principles of Forensic Test Development -The Dalbert Rule for Admissibility of Forensic Evidence -Strategies for Identifying Sources of Forensic Evidence Components of Forensic Evidence -Forensic Imaging -Analyzing the Data -Development of "Exhibits" for Use in Court -Evaluating the Sufficiency, Competency, Relevancy, and Usefulness of Evidence -Uses and Limitations of Statistical Sampling in Gathering Forensic Evidence -Evidence Gathered through Financial Audit Analysis -Evidence Gathered through I/T Analysis -Evidence Gathered through Operational Analysis -Evaluating the Sufficiency and Competency of Forensic Evidence to Support Litigation Day Three Overview of the Nature and Purpose of Forensic Interviews -The Nature and Purpose of Forensic Interviews -The difference between Interviews and Interrogations -Types of Witnesses -Legal Concerns and Considerations -The Miranda Rule and How it Applies to the Forensic Auditor -Issues Relating to "Duress" -The Environment of the Interview Room -Harassment Concerns -The Use of Polygraph Machines -The Use of Video and Audio Recording -Use of Specialists and Professionals Developing the Forensic Report and Related Exhibits -The Forensic Report as Evidence in a Court of Law -Approaches for the Development of the Forensic Report -Various Formats of the Forensic Report -Developing Forensic Exhibits or Maximum Effect -Rule of Evidence as they Relate to Forensic Reports Case Exercise The case study is be a single continuous case that will begin with Section 1 and conclude on the last day of the program. It is based on a fictional company, but resembles many aspects of several of the most famous accounting frauds over the past 10 years. We can modify the case to fit your specific needs and requirements. -Completion of comprehensive case exercise -Presentation and discussion of results.


	Audience
	Internal and External Auditors with at least two year of hands-on audit expense who want to expand their expertise into the world of forensic auditing and litigation support. Executive management, audit committee members and those who have personal responsibility for the proper reporting of financial results


	Pre-requisites
	Participants should have basic audit experience.

Comments

This course is very affordable and offered on an "On-Site" basis only. It can be customized to meet your specific needs at no additional cost to you.

Fixed price quote $ 9,500. This fee includes all instructor travel, living and professional fees, and all participant materials. The client is responsible for training facility, audio-visual requirements, and other creature comforts. For additional savings to your organization, invite participants from companies in your area who may also be interested in this program. This provider places no restrictions on who you can ask to join your group.