Forensic Accounting and Auditing Training Course

Course Objectives
The primary objective of this Forensic Auditing and Accounting course is to empower the investigator or the overseer with:
• Fundamentals of accounting practices and financial statement analysis.
• An overview of the forensic accounting legal environment
• An understanding of the forensic accountant’s responsibility, forensic accounting and fraud examination
• In-depth study of the procedures in fraud detection including:
o Methodologies to identify and categorize fraudulent practices
o Various approaches to the collection of evidence
o Fraud investigation procedures
o Reporting, and the recovery procedure following legal prosecution
• Business Valuation Strategies
• Knowledge to plan and strategize viable frameworks and procedures for fraud detection and prevention
• The essential expertise and to become a more effective and efficient forensic auditing and accounting investigator/overseer.
Course Outline
The Forensic Auditing and Accounting course will comprise of the topics mentioned hereunder that are crucial aspects of Forensic Auditing and Accounting:
Introduction to Forensic Accounting and Fraud Examination
• Fundamentals of accounting practices
• The essentials of forensic examination
• Responsibilities of accounting investigators and auditors
• The forensic accounting legal environment
Understanding Corporate Fraud
• Synopsis of white-collar crimes
• Overview of effective fraud investigation
• Types of corporate fraud
• Psychology of the fraudster profile
• The Fraud Triangle theory
• Implications of corporate fraud to internal and external stakeholders
Examination of Financial Statements and Analytical Techniques
• Scope and types of financial statement frauds
• Analysis of financial statements and audit reports
• Horizontal and vertical analysis
• Financial ratio analysis
• Anomaly detection to identify nonconformities
The Fraud Investigation and Engagement Processes
• Techniques for recognizing the symptoms of fraudulent behaviour
• Review of the investigation process and case initiation
• Evidence collection techniques–
o Gathering & Assessing Observational Evidence
o Gathering & Assessing Financial Evidence
o Gathering & Assessing Non-Financial Evidence
Data compilation and analysis
• Importing & Analyzing data utilizing MS Office tools
• Root cause analysis (RCA) of corporate fraud
• Understanding the analysis of data based on Newcomb-Benford’s law
• Overview of Data-driven Fraud Analysis Techniques
• Evaluating the extent and scope of fraudulent practices
Reporting of Findings and Analysis
• Auditor responsibility and reporting standards
• Forensic audit report template
• Risk assessment and reporting
• Business Valuation and Damages reporting
Fraud Prevention
• Examining the existing internal control environment
• Understanding the COSO Model (“Internal Control-Integrated Framework”)
o Control Environment
o Risk Assessment
o Control Activities
o Information & Communication
o Monitoring
• In-depth review of COSO’s Fraud Risk Management Guide.
• Learning the ‘Evaluate – Identity – Deter – Respond’ cycle of managing corporate fraud
Deterring Corporate Fraud
• Identifying organizational tolerance to risk and improvement of internal controls
• Formulating a critical fraud response strategy
• Developing an anti-fraud program
Effective Functioning within an organizational framework
• Aligning objectives and expectations with key decision-makers
• Effectively Communication of objectives to relevant personnel
• Cooperating with internal and external auditors
• Working alongside other legally trained departments such as compliance, legal and ethical committees.

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: 18th – 21st Feb, 2025
2ND BATCH: 12th – 15th Aug, 2025