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.
This CPE course offers techniques to sharpen your forensic skills, helping you to detect fraudulent activities in their many guises.
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/overvalued assets
Development of a written report
This course will prepare you to:
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
Who Will Benefit?
Accountants in industry and public practice who are responsible for designing internal control systems or are involved in forensic accounting activities.
Prerequisite: Experience in accounting and financial reporting
Advance Preparation: None.
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