Forensic Accounting and Analysis

Introduction

This Forensic Accounting and Analysis training course offers a solid foundation in financial forensics. You'll learn about the forensic accountant’s responsibilities, legal systems, information gathering, discovery, reporting, expert testimony, and more.

Forensic accountants need extensive accounting knowledge and basic legal process understanding. Experts in forensic accounting must be familiar with financial accounting, reporting, tax returns, strategy, and audits. Knowledge of legal processes also helps integrate experts more effectively into cases.

Experience is crucial in this field, though it can be challenging to gain without opportunities to learn through practice.

This GLOMACS Forensic Accounting and Analysis training course will highlight:

• How to implement preventative measures to reduce the risk of fraud
• Creating the fraud early warning system with the use of data
• Proactive approach in internal auditing
• Conducting effective accounting forensics and gathering data and evidence
• Suitable forensic methods, tools and techniques for different types of data

Objectives

At the end of this training course, you will learn to: 

• Effectively initiate forensic accounting,
• Use forensic accounting to define adequate fraud prevention systems,
• Focus on the evidence, not the scheme of fraud,
• Perform Risk Indicator Analysis, and Payroll Analysis,
• Create and implement forensics work plan.

Training Methodology

This training course will combine presentations with instructor-guided interactive discussions between participants relating to their individual interests, videos and Q and A session. Practical exercises, video material and case studies aiming at stimulating these discussions and providing maximum benefit to the participants will support the formal presentation sessions.

This training course will be presented through a problem-solution approach, where the delegates will be presented with a real-life problem experienced in companies and the solution of the problem trough the guided training and exercise sessions.

Organisational Impact

The organization will acquire structured and effective method to gather data, analyze, forecast and compare their solutions, activities, ideas, and in general messages they would like to present to the clients or stakeholders.

• Benefiting from clarifying and summarizing the complex information,
• Prepare a fraud reduction and prevention plan,
• Easily identify the potential risk for fraudulent transactions and schemes,
• Identify, investigate and provide adequate evidence for compensation,
• Perform in-depth forensics accounting analysis.

Personal Impact

The focus of this training course is on the actions required to achieve effective and easy to use work environment with excel models that will automate the work. This will include detailed presentation and modelling, showing how excel can be used to perform milliard of calculations in an instant and produce adequate and effective reports with a click of a mouse. By the end of this training course delegates will:

• Develop a Total Audit Risk plan,
• Have the skill to identify potential fraudulent transactions,
• Be able to Automate Internal Controls Assessment,
• Create an Audit Automation Map.