Forensic accountants know all too well the increasing pressure to accurately detect fraudulent financial reporting and to preemptively redesign internal controls to prevent misappropriation of assets. The unique combo of recent economic news and events, plus the endless spotlight of major business failures and scandals only perpetuate the forensic accountant's burden. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to uncover fraudulence in all of its guises.
- Role of the forensic accountant
- Development of the engagement agreement
- Common fraud scams
- Sources for corroborating data
- Testifying as an expert
- Analytical and investigative techniques
- Approaches to detect under/overvalued assets
- Development of a written report
When you complete this course you will be able to:
- Describe the differences between the role of the forensic accountant and traditional accountant.
- Name the foundational components of AU-C Section 240.
- Explain how to use forensic techniques to ferret out fraudulent activity.
- Recall analytical and investigative techniques used in forensic engagements.
- Recognize the importance of chain of custody in handling critical documents reviewed in the process.
- Prepare an effective written forensics report
- Demonstrate best practices to improve your success and credibility on the witness stand.
Prerequisite: Experience in accounting and financial reporting
Advanced Preparation: None.