Forensic Auditing
This Forensic Auditing training seminar is designed for those who wish to learn about the most common white-collar crime in business – fraud. Fraud is a phenomenon encompassing the fraud triangle – opportunity, rationalization, and pressure – which includes many human psychological components. This training course is designed to dive deep into the why, the how and the who, as we discuss what the typical fraudster ‘looks like’ and why they decide to perpetuate a crime against an Organization.
Upon studying the various ways in which white collar criminals do their work, the course reviews, with real examples, the ways in which companies combat fraud, in both preventive and detective ways. Further, we explore some of the more common types of fraud discovery, including the use of big data and analytics tools, through case study. Finally, we look at ways in which internal controls can help or hinder fraud prevention via the use of hands-on exercises where YOU design the fraud control. Come learn about how to protect your company’s assets against white collar crime
· Identify the signs of possible fraud within the workplace
· Select the appropriate audit procedures to be followed in conducting a fraud audit
· Select and explaining the areas of risk and exposure to fraud in a company situation
· Describe the various remedies available to those who suffer a loss through fraud
Utilize cutting-edge tools in fraud discovery and prevention
Self-Awareness and Identification
· Understanding the Nature of Fraud
· Reflecting on Why People Commit Fraud
· Studying the Fraud Triangle
· Reviewing the Financial and Personal Vices often leading to Fraudulent Behavior
· Profiling a Fraudster
Beginning to Identify & Detect
· Understanding Fraud Measures in Your Organizations
· Discussing the Ways in which companies Fight Fraud Today
· Considering the Gaps in Internal Control Structure
· Identifying Preventive Fraud Controls
· Identifying Detective Fraud Controls
Reporting & Investigating
· Recognizing the Symptoms of Fraud
· Appreciating Whistle-blowing within Organizations
· Following up to Fraud Reports by Whistle-blowers
· Investigating the Purported Fraud
· Using Data-driven Fraud Analysis Techniques (Introduction)
Data-Driven Analysis
· Using Data-driven Fraud Analysis Techniques
· Using Data-mining Software and Procedures
· Grinding through the Data and Discovering the Gold Nuggets
· Investigating Theft Acts
· Investigating and Determining of Concealment has Taken Place
Interview & the Specifics of Financial Statement Issues
· Inquiring Methods and Fraud Reports
· Interviewing Techniques & Tricks
· Understanding Financial Statement Fraud
· Understanding Revenue / Inventory-related Fraud
· Understanding Other Types of Fraud
Understanding Consumer Fraud
Middle-level and Upper Management within small, medium and large public and private organizations. Internal Auditors, Compliance / Security Officers & Staff.