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Forensic Accounting: Fraudulent Reporting and Concealed Assets

Author/Moderator: Mike Connelley CPA, CFE
Publisher: AICPA
Availability: Online Access
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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.

Key Topics:

  • 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

Learning Objectives:
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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Find out more information on the Forensic and Valuation Services Member Section.
NASBA Field of Study: Accounting
Level: Intermediate
Recommended CPE Credit: 5
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