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 endless spotlight of major business failures and scandals only perpetuate the forensic accountant’s responsibilities and due diligence. Recognizing fraudulent or deceptive practices is not always easy, but this course will sharpen your forensic skills with techniques to uncover fraudulent activities and help you to see them in their many guises.
Course ID: FAFR
Forensic Accounting: Fraudulent Reporting and Concealed Assets
- Determine the differences between the role of the forensic accountant and traditional accountant.
- Identify the foundational components of AU-C section 240.
- Determine 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.
- Recall key points related to an effective written forensics report.
- Apply best practices to improve your success and credibility on the witness stand.
- 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/over valued assets
- Development of a written report