Forensic Accounting, Fraud Detection and Investigation

Synopsis

Description

About Forensic Accounting, Fraud Detection and Investigation

Across the world every day, thousands of businesses fall prey to fraud. Who commits these frauds/illegal acts? Why? And, how? In this course we are going to help you answer the questions and see forensic accounting plays a role in them. Through these tutorials we shall brush upon the very basic of forensic accounting and understand various terms associated with it.

The training will include the following:

• Introduction to forensic accounting?

• Need for forensic accounting

• What is forensic audit?

• What Does a Forensic Accountant Do?

• Significance of forensic accounting

• Fraud vs. White-Collar Crime

• Red Flags in forensic accounting

• Steps in conducting an investigation

• Tools and techniques used in fraud detection and investigation

• How to write an effective forensic investigation report

• Forensic accounting cases

• Why Forensic accounting different from audit

In this course, we examine the many processes and roles of the forensic accountant. Learners will come away with an in-depth understanding of the world of forensic accounting and the many ways in which it may differ from the typical accountant’s role. Forensic accounting is the investigation of fraud or financial manipulation by performing extremely detailed research and analysis of financial information. Forensic accountants are often hired to prepare for litigation related to insurance claims, insolvency, divorces, embezzlement, fraud, skimming, and any type of financial theft. Forensic accountants or auditors take a unique focus on performing their work. Typically, when a person with forensic experience is called in to examine financial records, it is due to suspicion of fraud, evaluation of assets, or even to track down fundamentally incorrect accounting.