Forensic Accounting and Fraud Detection

Course Overview: Fraud in companies and organizations is an inevitable aspect of business.  Moreover, fraud is becoming more predominant and damaging to companies and organizations worldwide. Forensic accounting and fraud detection requires the integration of investigative, accounting and auditing skills to assist in disputes involving financial issues and data. With comprehensive coverage participants will also learn how to develop evidence to support all stages of fraud case. Participants in this programme will be equipped to:

• Identify and detect fraud
• Understand common fraud schemes and fraudulent financial reporting
• Recognise misappropriation of assets
• To support a fraud case through litigation support and expert testimony techniques
• Design internal systems that minimize or mitigate the potential for fraud

Participants in this highly intensive five (5) day training programme will learn about:

• • Forensic accounting and fraud detection
    • The fraud cycle/triangle
    • The nature and scope of fraud
    • Who commits fraud and why
    • Fraud schemes
    • Global best practice in the prevention of fraud detection
    • Latest legislation and case law

• • Keys to effective fraud detection in the accounting system and financial performance
    • • Reviewing fraud risk analysis and common risk areas
    – Cash and cheques – Accounts payable and accounts receivable – Insurance cover – Identity related fraud – Securities and investment – Procurement fraud
    • Fraud detection model
    • Identifying common red flags
    • Detecting fraud using financial analysis

• • Money laundering
    • Money laundering methods and trends
    • Anti-Money Laundering and Countering Financing of Terrorism Act 2009
    • The role of cash vs other payment methods in money laundering schemes
    • Requirements and recommendations of the Financial Action
    • Processes in monitoring money laundering transactions and reporting

• • Legal issues
    • Evidence gathering process
    • Statutory law, common law, the laws of evidence and procedure

• • Ethics and corporate governance
    • Responsibilities of board of directors, management and auditors in preventing and detecting fraud
    • Fraud risk management strategies/policies/processes
    • Ethical organisations

• • Utilisation of technology for fraud prevention and detection
    • The role of IT security in preventing fraud
    • Using data analytics to identify fraud
    • PCI DSS (Payment Card Industry Data Security Standard)

• • Computer forensics
    • Investigating fraud through the use of computer forensics
    • How computer forensics can be of benefit
    • What to do if you suspect the use of IT systems to perpetrate fraud

• Bribery and corruption
  • Canada legislation and experience
  • International legislation and experience

Below is our foreign training pricing schedule: USD 5,450.00/participant          1-3 participants USD 4,995.00/participant          4-9 participants USD 4,402.00/participant          10-24 participants USD 4,250.00/participant          25+ participants