INTRODUCTION

With predicted growth over the next years, forensic, fraud, and financial litigation support will likely continue to rank among the most popular practice areas. Accounting scandals like Enron and WorldCom have raised the need for professionals to acquire forensic accounting skills and training, as well as for businesses to defend themselves against the spread of fraud and white collar crime. In the modern world, safeguarding against fraud losses is essential to conserving your company's hard-earned money and optimizing your earnings. With the information and abilities in forensic accounting and fraud auditing acquired from this highly helpful forensic training session, people and organizations will be able to identify and stop fraud. It gives trainees real-world forensic applications and procedures for conducting tests and investigations in this area.

COURSE OBJECTIVES

By the end of the course the participant should be able to:

• Use a variety of tools to uncover fraudulent transactions.
• Use statistical and forensic accounting tools to analyze data, test the data, and look for inconsistencies.
• Use Microsoft Excel to spot suspicious information.
• Clearly define the terms "fraud" and "forensic accounting."
• Deploy effective fraud control methods.

DURATION

5 Days

WHO SHOULD ATTEND

This extensive short-term training course is a perfect suite for:

• Public accountants & internal auditors
• Fraud examiners & Forensic accountants
• Risk Management Professionals
• Regulatory Compliance Specialists
• Financial Security Officers
• Governmental accountants & attorneys
• Internal & External Audit Professionals
• Other accounting/auditing professionals and educators.

COURSE CONTENT

Introduction to Forensic Accounting & Fraud

• Introduction to fraud & Fraud triangle
• Background of Fraud Auditing & Forensic Accounting
• Fraud examination & Fraudster’s Profile
• Types of Fraud & The Fraud Cycle

Fraud schemes and controls

• Financial statements & Corruption schemes
• Assessing the Risk of Fraud & Its Factors
• Keys to Effective Fraud Investigation
• Fraud detection & response
• Revenue Recognition Detection Techniques

Forensic Analysis & Data Tests

• Importing, Analyzing, & Protecting data into Excel
• Reporting data in Word & PowerPoint
• Data profile, Periodic graph & Histogram
• Utilizing Excel to prepare data profile
• Utilizing Benford’s Law
• Data sets that could be used
• Effect of data size
• Basic digit test, First & last two digits tests, One digit a time
• Chi-Square, Mean absolute deviation & Logarithmic basis
• Second order test & Summation test
• Number duplication test in Excel

Using Excel for Detecting Fraud & Data Inconsistencies

• Largest growth test & Largest subsets test
• Relative size factor test, SSS test & SS Different test
• Subset number duplication
• Calculating correlations & Time-Series analysis

Fraud Prevention

• Creating Preventive Environment
• Enforcement of Ethics and Fraud Policies

GENERAL NOTES

• Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course.
• The participants receive training manuals and supplementary reading materials.
• Participants who complete this course successfully will receive a certificate.
• We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at training@dealsontrainers.org.
• The training will take place at DEALSON TRAINERS IN NAIROBI, KENYA in Nairobi, Kenya.
• The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
• Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to training@dealsontrainers.org