Basics Of Forensic Accounting

Learning Objectives

• To discuss how to conduct a preliminary investigation.
• To determine if you are dealing with fraud or simply incompetence.
• To look beyond the numbers to grasping the substance of situations.
• To develop a strategy to figure out what steps to take next.
• To propose prevention strategies to deal effectively and efficiently with fraud.

Course Description

Every day the news is full of stories of white-collar crime.  It is estimated that companies lose on average 5% of annual revenues to fraud…NOTE that is 5% of annual revenues, not annual profit. The numbers are huge. This is because it is profitable, difficult to detect, and the remote likelihood of prosecution and the resulting light penalties make it very tempting. 

Whether you are involved in evaluating the creditworthiness of a prospective customer, analyzing investment opportunities, or even beginning to suspect that something funny is going on in your own company, this session will give you the tools to determine what is really going on. 

It's not just about the financial statements, this online Fraud CPE webinar will show you how to conduct a preliminary investigation. It will also help you determine if you are dealing with fraud or simply incompetence, and what steps to take next.

It's more than accounting and more than detective work. It is the application of a specialized body of knowledge to economic transaction analysis and reporting.

This Online Fraud CPE Webinar covers the following Key Topics:

• Recognize the signs of fraud.
• Learn effective strategies for discovering and following the trail to the proof.
• Read between the lines of merger and acquisition financials.
• Discover the ever-present story of cash flow.
• Identify people and companies in trouble.
• Develop prediction strategies and policies that detect fraud earlier.
• Turn fraud detection into a profitable activity.

This Fraud Forensics CPE webinar is valuable for CPAs, Internal auditors, CFEs, CFFs, Top management officers, and any professionals interested in learning about forensic accounting.

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CPD Package for CFF Professionals

40 CPE Package for CIAs (Incl. 2 Hours Ethics)

Package for CFE (Incl. 2 hrs of Ethics)

Overview

• A Crime of opportunity

  9 mins
• 7 Signs of ethical collapse

  20 mins
• Lack of reporting

  29 mins
• Fraud triangle

  45 mins
• Organizational culture

  60 mins
• 7 Forensic investigative techniques to look for fraud

  89 mins