Published: January, 2022
A fraud investigation is aimed at examining evidence to determine if a fraud occurred, how it happened, who was involved, and how much money was lost. Investigations occur in cases ranging from embezzlement to falsification of financial statements, to suspicious insurance claims.
This online CPE course is designed to cover the steps of the fraud engagement starting with the determination of whether a fraud investigation should be conducted, working with clients and attorneys, gathering and analyzing evidence, completing an engagement report, and testifying at depositions and trials about the evidence that wasn’t covered during the investigation.
The speaker Dr. Robert Minniti, CPA will walk through ways to document evidence including the use of a chain of custody form. We will look at the ethics and professional requirements for forensic accountants who are conducting fraud investigations. In this continuing education course, examples from real-world investigations will be presented for the participants to consider and discuss.
If you are considering doing a fraud engagement for the first time, are new to the field, or would just like a refresher on the procedures for performing a fraud investigation engagement then this CPE webinar is for you.
If you turn on the news today, you will likely see a story related to fraudulent activity. As criminals and scammers adapt to a world that revolves around the internet, committing fraud has become far easier. According to the Global Fraud and Identity Report, 33% of businesses experienced more fraud losses than they did in the prior year.
Forensic accountants typically begin an investigation and collect evidence when fraud suspicions already exist. Because of this, the data they look for when conducting an investigation include red flags and discrepancies that might indicate fraud has taken place. They may interview staff at an organization to gain more information and attempt to find the individual behind the fraud. Using the gathered information, they begin to form a hypothesis as to what happened and create follow-up plans to continue to assess the business.
The internet is a treasure trove of open-source information: We all leave detailed trails of our lives on social media, professional networking platforms, and online forums. For forensic accountants, all of this material can be instrumental in conducting investigations.
This CPE course is designed for individuals who would like to obtain a basic understanding of conducting online investigations.
Imagine someone taking an automobile to a mechanic for repair. The mechanic asks, "What's the problem?" The customer replies, "I'd rather not say. Just take it apart, and tell me what you find."
Sound crazy? Of course, it does, but it's not that much different from what happens when forensic accountants always start fraud investigations by digging through the financials.
Consider this. What if someone would simply tell the investigator how the fraud was perpetrated—whether the incriminating information was provided by the interviewee intentionally or not? How valuable would that be? How much time would that save compared to a semi-blind search through a company's books?
If you are working in the forensic accounting field at some time in your career it will be necessary to interview a suspect or other individuals tied to the investigation. The main goal of an interviewing strategy is to gather and synthesize enough supporting evidence to provide a sound basis for questioning the suspected fraudster and to elicit an admission of guilt.
This CPE course is designed to review the process for conducting interviews.
Forensic accounting engagements are normally investigated over fraud, dispute, insurance claims, and criminal cases. This engagement is normally called by police, lawyer, or the parties in dispute.
Preparing the fraud investigation report is part of your major responsibility if you are a forensic accountant. This task is normally done at the final stage of your investigation. Forensic accountant’s reports are normally used as evidence to resolve the case and present to the person seeking forensic accounting service, normally a lawyer, the insurance company, etc.
Main elements that should be included in your investigation report:
Through this Online Accounting CPE Webinar Course, you will learn how to draft an effectively written report on a fraud investigation.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
President, Minniti CPA LLC
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.
He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.
MINNITI CPA LLC is seeking professional, hard-working, licensed CPAs with at least four years of experience.
The Firm demands independence, integrity, objectivity, competence and due care from all of its personnel in the conduct of its engagements. Our Firm is structured to provide leadership in achieving high quality professional performance while maintaining the concept of individual responsibility. Policies and procedures have been established providing assurance that professional engagements are properly planned and executed. Decisions are based on the substance of issues, not on form.
Our policies and procedures designate Partners of the Firm for consultation on significant ethical, technical and industry questions. The policies and procedures are designed to assure that clients receive the best professional services we can provide. We continually keep in mind the public interest. We expect our Partners and Associates to identify and resolve all important engagement issues.
The job requires high level tax preparation skills, superior tax research and problem solving abilities, broad software knowledge, and excellent written and oral communication skills. We have a team approach to provide high quality client service for tax compliance, planning, financial statements, and general business consulting.