Financial Statement and Fraud Detection

Financial Statement and Fraud Detection
OBJECTIVE
The internal audit’s role in detecting financial statement fraud by identifying potentially significant or likely financial statements fraud schemes and developing audit steps to help detect them.

CONTENTS
* Manipulation of Assets
– Accounts Receivable Schemes
– Inventory Schemes
– Fixed Asset Schemes

* Manipulation of Liabilities
– Accounts payable Schemes
– Manipulation of Reserves
– Improper Disclosures

Deterring and Detecting Financial Statement Fraud
– Financial Statement Fraud
– Internal Auditor’s role in deterring and detecting
Financial Statement Fraud
– Identifying Differences between key Industries

* Responding to Indication of Potential Financial Statement Fraud
– Fraud Investigation
– Consultation with Legal Counsel
– Identifying Boundaries of Potential Conflicts

* Revenue Recognition Manipulation
– Recording Fictitious Revenue
– Revenue From Sales Billed, but not shipped (“Bill and Hold”)
– Accounting Improperly
– Inappropriate Revenue

FOR WHOM: All Internal Auditors, IT Managers, IT Personnel in the Public and Private Sectors.

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: 13th – 16th May, 2025
2ND BATCH: 25th- 28th Nov , 2025