Excellence in Fraud and Forensic Auditing

OBJECTIVES
At the end of this training seminar, you will learn to:
• 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

CONTENT
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
• Reviewing Case Studies – the good, the bad and the ugly

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

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 22nd – 25th Apr, 2025
2ND BATCH: 4th – 7th Nov, 2025